Singapore CEOs reveal top challenges likely to affect their company’s profitability

More than five in 10 cited skills shortages.

About seven in 10 (69%) CEOs in Singapore believe changing customer demand or preferences will affect their company’s profitability over the next ten years to either a large or very large extent, a survey from PwC has found.

A close number of CEOs (61%) expect regulation changes to affect their businesses.

Meanwhile, more than half (56%) said technology disruptors such as advanced tech, metaverse and blockchain, as well as supply chain disruption, will affect their business’ lucrativeness.

Other challenges that CEOs believe will likely affect profitability are new entrants to their respective industries (39%) and transition to new energy sources (31%).