PwC's biweekly CFO survey conducted April 20 - 22 garnered responses from 305 US CFOs and finance leaders - 89% public and private companies in the consumer markets, financial services, health industries, industrial products, and technology, media and telecommunications sectors.
Among the key findings are those relating to return-to-workplace approaches and COVID-19 financial impacts, as follows:
- Upon transitioning back to work, most companies are planning to change workplace safety measures and requirements (77%), reconfigure work sites to promote physical distancing (65%), and change shifts and/or alternate crews to reduce exposure (52%)
- Nearly 50% of respondent companies plan to make remote work a permanent option for roles that allow it once they transition back to work on-site; 40% plan to accelerate automation and new ways of working; and 26% plan to reduce their real estate footprint (e.g., partial opening of offices, retail locations).
- Financial impacts include 86% implementing cost containment, 70% deferring or canceling planned investments, and 56% changing company financing plans.
The survey also provides insights on COVID-19-triggered supply chain and M&A impacts, and more.
See "CFOs focus on costs to mitigate financial hit of Covid-19, says survey" (IR Magazine), last week's report: "COVID-19-Triggered Pay/Staffing Impacts," and these recent reports: "COVID-19 Tracker: Responsive Actions, Policies & Practices" and "Workforce Pay, Benefits & Staffing Impacts." This post first appeared in the weekly Society Alert!