A Deloitte survey of CFOs found persistent labour shortages, the pandemic, climate change and higher inflation were seen as the leading risks to their businesses in the year ahead. However, some 37% said that increasing capital expenditure was a priority for 2022. This is the highest figure recorded by Deloitte since it first asked the question in 2009. Half of respondents said expanding into new markets and introducing new products and services were a priority for this year, up from 37% last March. Ian Stewart, chief economist at Deloitte, said: "It is a measure both of the remarkable snap-back in activity from the pandemic and the scale of the challenge today that CFOs rate labour shortages as the greatest risk to business. This is ahead of even the pandemic, in second place. Strikingly, the worries that dominated the risk list in recent years, above all Brexit and weak global growth, have dropped sharply down the risk rankings."
Read more: The Times
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