CEOs will need to prepare their organizations to be resilient and agile in response. In this edition of the CEO Imperative Series, we look at the public policy agenda how CEOs are both impacted by it and can shape it to reframe the future of their organizations.Īlthough inflation could help governments reduce the burden of their pandemic-induced debt, price hikes hit the poorest hardest, deepening inequalities and potentially fueling populism. Resetting supply chains to bolster resilience and minimize resource scarcityĪs old certainties disappear and disruptions become a more regular occurrence, governments will need more proactive and comprehensive policies and strategies to prepare for, or even prevent, further shocks to the system.Balancing energy security with decarbonization pledges.Resuming an inclusive and sustainable growth path.Tackling inflation and avoiding a widening of the inequality gap.There are difficult choices in four critical areas: But today, the stakes are higher, the pace of disruption more dynamic and the situation complex because there are so many competing forces at play. Of course, governments have always faced policy trade-offs. But the war presents a serious setback for recovery and another challenge to globalization – issues CEOs will need to anticipate and address. Economic growth was returning to pre-pandemic levels and many countries were on the road back to full employment. Just as the worst of the COVID-19 pandemic recedes in many countries, the war in Ukraine has devastated the country, having a ripple effect on the rest of the world and upending carefully laid plans to return to business as usual.īefore the outbreak of the war in Ukraine, inflation was surging but many other key global macroeconomic variables were getting back on a positive path. Rarely have governments faced such a perfect storm of disruptive forces.
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