The majority of CFOs are optimistic going into 2024 and say their companies will be able to meet goals on growth, labor needs, costs and supply chain, according to a recent survey from Grant Thornton.
Seventy-one percent of CFOs surveyed during the fourth quarter expect revenue increases for their organizations, an increase from 66 percent in the third-quarter survey. Confidence in the supply chain saw a significant increase, with 67 percent of CFOs now confident their organizations will meet supply chain needs, compared with 45 percent in the third quarter. It’s the highest vote of confidence seen since the survey began including that question in Q4 of 2021.
Meanwhile, 57 percent say their organization will be able to meet labor needs, an increase from 49 percent in the third quarter.
“Despite a turbulent economy and the current shipping crisis in the Red Sea, CFOs seem confident in their supply chain and in their growth projections,” said Paul Melville, national managing principal of CFO Advisory at Grant Thornton. “It’s also clear that CFOs feel they can actually deliver on their growth projections.”
