If the recent pandemic has taught us anything, it is that enterprises with a defined risk management strategy are best positioned for explosive growth.”
Acrisure, AchieveNEXT Networks Partner
Mid-Market optimism abounds. Compared to six months ago, most CFOs from mid-market enterprises are more optimistic about their own financial prospects, their industry prospects, their primary geo markets prospects, and the U.S. and global economic prospects.
Higher expectations for growth in 4 key financial metrics. The majority of mid-market CFOs project year-over-year growth in revenue, earnings, capital spending and hiring.
Visible concerns over talent, raw material costs, supply chain, and inflation rise. Mid-Market CFOs’ most worrisome internal concern is talent—how to handle returning employees back to work on- site, as well as developing and retaining them. Supply chain disruption, increasing raw material costs and inflation take the lead for mid-market CFOs’ top external concern. M&A and Capital markets activities will increase during the 2nd half of 2021. An increasing number of mid-market CFOs are considering M&A as a growth strategy during the second half of 2021. In addition, both debt and equity financing options remain attractive. Intense focus on business and technology transformation increases demands from finance and HR leaders. A majority of mid-market finance and HR leaders indicate a range of business and technology transformations already underway, including tech-enablement of their offerings and their internal operations, supply chain optimization, integrated financial planning and analysis. DEI efforts are moving from discussion to action. Review of talent acquisition, engagement, leadership and succession programs and policies, addition of DEI leaders, and establishment of clear measurable goals and KPIs are among the top steps being taken to advance DEI in middle market enterprises.
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