PwC's latest
CEO Survey sheds light on the key trends and challenges that CEOs around the world are grappling with.
In today's evolving technological landscape, understanding these trends is crucial to your business success. We break down the most significant findings and analyse how a leasing solution can play a pivotal role in addressing these challenges. Learn more below.
1. Embracing generative AI
One of the standout insights from PwC's survey is the high expectations for generative AI (GenAI). A third of CEOs report that GenAI has increased revenue and profitability over the past year, and 40% expect their investments in this technology to boost profits in the coming 12 months. However, trust remains a hurdle to widespread adoption.
The leasing solution: Leasing technology can provide businesses with the financial flexibility to adopt the latest AI tools and hardware capable of running the tech, without the hefty upfront costs. This approach allows your business to stay current with technological advancements and scale AI capabilities as needed, fostering innovation and growth.
2. Investment in sustainability
Investment in genuine climate action and sustainability is starting to pay off for businesses with a considered approach, according to 17% of CEOs who noted that climate-friendly investments made over the last five years have resulted in increased revenue. On the other hand, 78% of CEOs reported that these investments have either reduced costs or had no significant cost impact.
The leasing solution: When you lease equipment and technology through Quadrent, your end-of-life equipment is disposed of in an environmentally friendly manner. Methods we use include enabling circularity by selling to a secondary market to allow further use of the items, or donating high-quality technology to students through our Green Lease to help close the digital divide. Both of these disposal and reuse methods help to reduce the environmental burden by lengthening the useful life of the precious metals used in the manufacturing of equipment.
Leasing your IT equipment reduces e-waste that ends up in landfill and leeches harmful chemicals into the earth. Quadrent's e-waste solution
is a responsible approach that's good for the environment.
3. Blurring sector boundaries
Almost 40% of CEOs indicated that their companies have started to compete in new sectors over the last five years. This trend underscores the need for agility and the ability to pivot quickly to seize opportunities in the market as they present themselves.
The leasing solution: By leasing equipment and technology, companies can quickly adapt to changing market conditions without being tied down by long-term capital investments. This flexibility is crucial for staying competitive in a dynamic business environment, and financially frees your business up to invest where it's needed, when it's needed.
4. The pace of reinvention
There is a clear need, and matching desire, for rapid transformation in the face of the evolving business landscape. Over half of CEOs surveyed report having taken at least one definitive 'reinvention action', potentially leaving the 45% who haven't reinvented their business behind.
The leasing solution: Leasing can accelerate the pace of reinvention by reducing your financial barriers to innovation. Companies can experiment with new business models and technologies without the risk of significant capital expenditure. This approach fosters a culture of continuous improvement and agility, and enables your business to set the pace of innovation amongst your competitors.
Conclusion
The findings from PwC's CEO Survey highlight the critical areas where businesses need to focus their efforts to thrive in the future. Leasing offers a strategic solution to many of these challenges by providing the flexibility, sustainability, and agility needed to unlock your company's full potential, help you make commercially strategic decisions, and drive long-term success.
Learn more about how a
tailored leasing solution could work for your business by minimising the challenges many businesses are facing today.
