• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » 51% of CEOs deferred investment plans – survey

51% of CEOs deferred investment plans – survey

51% of CEOs deferred investment plans – survey

The PwC MAP 2020 CEO Survey jointly organized by the Managers Association of the Philippines (MAP) and Isla Lipana & Co./PwC Philippines revealed that most chief executives of Philippine companies have taken drastic measures amid the COVID-19 pandemic, including the cancellation of investment plans.

The survey, which asked 161 CEOs about their plans, revealed that 51 per cent of the respondents either deferred or canceled planned general capital investments following the effects of the pandemic, while 24 per cent either deferred or canceled planned acquisitions.

The survey also said that 80 per cent of the CEOs implemented cost containment to reduce the impact of the health crisis to operations and 57 per cent shifted to sustainable practices. Further, despite the downturn, 83 per cent of them were optimistic of an economic recovery within the next three years.

Chief executives were also more positive about economic growth in 2021.

Read more here. 

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image