Stumbling blocks for companies include higher material costs, supply chain constraints, higher interest rates, and accelerated inflation overseas
MANILA, Philippines – Most companies have recovered from the impact of the pandemic. The next stumbling blocks? Pesky inflation hurting profit margins and putting pressure on operating costs.
Additionally, 79% of CEOs remain positive that their organizations will see revenue growth in the next 12 months. This figure, however, is slightly lower than the 87% recorded a year ago. PwC Philippines and MAP said stumbling blocks include higher material costs , supply chain constraints , higher interest rates , and accelerated inflation overseas . Reducing operating costs is among CEOs’ strategies to cope with these risks., breaking six consecutive months of deceleration amid increasing rice and fuel costs.
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