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Home Gadgets Most global CFOs expect a 3% hit to 2020 revenues: Survey

Most global CFOs expect a 3% hit to 2020 revenues: Survey


Greater than half of the worldwide chief monetary officers throughout business sectors count on their 2020 revenues to be 3% decrease than final yr’s, in response to World CFO Survey by Everest Group and WNS.

The survey, which reached out to 300 CFOs of world corporations throughout journey and tourism,BFSI, and different key sectors, confirmed that 55% of CFOs count on decrease progress and 47% of CFOs weren’t assured of committing any funding within the subsequent 6-12 months.

Amongst different sectors, journey and logistics have been severely impacted and are anticipated to have a chronic restoration cycle, the report famous.

“Greater than 90% of organisations skilled materials enterprise disruption on account of Covid-19, with international organisations extra impacted than regional organisations. As we transfer nearer to the top of 2020, decrease gross sales and provide chain disruptions proceed to negatively influence revenues within the majority of organisations. Greater than 55% of CFOs consider their 2020 revenues could be not less than 3% decrease than their 2019 revenues,” Everest Group stated within the survey report.

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