On the Horizon
ABOUT THE REPORT
FTI Consulting’s annual CFO Survey is now global.
By most accounts, the global economy is heading for a slowdown in 2023. Rising inflation, escalating international conflict, high interest rates, and lingering COVID-19 effects are just some of the factors that continue to put downward pressure on global economic growth.
This year we surveyed CFOs and finance executives from around the globe to provide you with broader insights and tangible takeaways to help inform your future strategy. In this report, we asked CFOs what areas they will be prioritizing for the next 18 months and what are the key strategies being undertaken.
2.7%
growth predicted for 2023 by the IMF
2/3
of economists expect a global recession in 2023
6.5%
inflation estimated for 2023
Page 8
Preparing for a Downturn
Page 9
Protecting Margin
Page 12
Workforce Productivity
Page 10
Profitability Analytics
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Scenario Modeling
and Forecasting
FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. In this report, we detail business leaders’ insights on the challenges they face, their expectations for 2023 and the strategies and tactics they will undertake over the next 18 months to maximize financial performance and protect the bottom line.
Inflation and cost of capital are the two biggest concerns for finance leaders today.
The International Monetary Fund predicts global growth will slow from 3.2% in 2022 to 2.7% in 2023.
Top of Mind for CFOs
We asked senior finance executives worldwide about the strategies and tactics they will undertake over the next 18 months to maximize financial performance and protect the bottom line. More than three hundred responses were collected from executives across North America, APAC, and EMEA, evenly split by each region.
Key themes emerged covering growth, CFO tenure, risks such as increases in inflation and interest rates and the cost of capital, improving financial performance, demand volatility and attracting and retaining top-performing talent. See regional highlights from across the globe:
EMEA Highlights
North America Highlights
APAC Highlights
Use Cases
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Testimonials
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From financial strategy and workforce planning to technology and operations, CFOs are doubling down on value-creating activities with an economic downturn looming.
Discover the strategies and tactics senior finance executives are undertaking during this time of economic uncertainty – read the full survey report for more.
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2023 Economic
Outlooks & Expectations
ABOUT THE REPORT
Trends and Perspectives
CFOs will need to partner closely with the CEO and other C-Suite Executives to ensure their organizations align enterprise costs to revenue and customer demand, ensuring the right balance between implementing cost-cutting measures and investing for long-term growth.
CFOs should consider using profitability analytics to identify specific, targeted opportunities that sustainably grow profitability and areas for potential improvement or elimination. A “profit cube” is one approach that provides a view of where a company does and does not make money to take necessary actions.
Download the report
January 30, 2023
Global CFO Survey Report 2023
AN FTI CONSULTING REPORT
Download the Full Report
Transparency into profitability using analytics is a rising priority for CFOs.
David White
Senior Managing Director
Office of the CFO Solutions West Leader
david.white@fticonsulting.com
gina.gutzeit@fticonsulting.com
Gina Gutzeit
Senior Managing Director
Office of the CFO Solutions Global Leader
Key Contacts
Top 3 Challenges for CFOs
Turnaround and Restructuring
Our senior professionals help drive successful turnarounds ensuring enhanced value at every stage.
Strategic Financial Communications
Targeted financial communications strategies lead to successful outcomes and enhanced shareholder support.
David White
Senior Managing Director
Office of the CFO Solutions West Leader
david.white@fticonsulting.com
gina.gutzeit@fticonsulting.com
Gina Gutzeit
Senior Managing Director
Office of the CFO Solutions Global Leader
Key Contacts
1
2
We asked senior finance executives worldwide about the strategies and tactics they will undertake over the next 18 months to maximize financial performance and protect the bottom line. More than three hundred responses were collected from executives across North America, APAC, and EMEA, evenly split by each region.
Key themes emerged covering growth, CFO tenure, risks such as increases in inflation and interest rates and the cost of capital, improving financial performance, demand volatility and attracting and retaining top-performing talent. See regional highlights from across the globe:
David White
Senior Managing Director
Office of the CFO Solutions West Leader
david.white@fticonsulting.com
gina.gutzeit@fticonsulting.com
Gina Gutzeit
Senior Managing Director
Office of the CFO Solutions Global Leader
Key Contacts
David White
Senior Managing Director
Office of the CFO Solutions West Leader
david.white@fticonsulting.com
gina.gutzeit@fticonsulting.com
Gina Gutzeit
Senior Managing Director
Office of the CFO Solutions Global Leader
Key Contacts
Financial Performance
A Hybrid Workforce
CFO Finance Focus
3
North America Highlights
EMEA Highlights
APAC Highlights