US chief financial officers are plotting product, pricing, and services changes, investing in tech and aiming for agility as the potential for another wave of COVID-19 infections looms, according to a survey by PwC.
As economies, businesses, and offices start to reopen, the PwC survey of 330 finance leaders highlights the moving parts. Seventy-one of the CFOs are confident that they can provide a safe working environment, and 54% plan to make remote work a permanent option, according to PwC.
Add it up and it's clear there's a hybrid work environment ahead and executives are planning for all options for employees.
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The PwC data complements a Xerox survey, which shows 82% of respondents expect workers to return to offices in 12 months to 18 months. Companies are also investing to support hybrid remote/in-office arrangements, according to Xerox.
These surveys largely reflect reality following the COVID-19 pandemic. Companies are planning on rebuilding revenue, but realize they have to shift quickly as conditions warrant. In fact, 73% of CFOs said they are very confident they can provide a clear response and shut-down protocols if COVID-19 cases spike, according to PwC.
PwC's sixth COVID-19 CFO Pulse Survey found: