Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    Saudi and Jordanian foreign ministers discuss Gaza situation    HR Ministry approves regulations for job ads and interviews in private sector    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    Saudi market shows resilience in Q1 2025 despite global volatility: Report    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Oxford Business Group launches first GCC COVID-19 CEO survey Executives broadly satisfied with their government's response to pandemic, findings reveal
Published in The Saudi Gazette on 07 - 10 - 2020

A new COVID-19 CEO Survey carried out by the global research and advisory company Oxford Business Group (OBG) assesses the thoughts of GCC-based executives on the economic impact of the coronavirus, their reaction to how the pandemic is being handled by their respective governments and their expectations for recovery.
Titled "Crisis management: How are CEOs responding to the pandemic?", the survey covers several topical issues and trends, from the role of technology in containing COVID-19 and the increased focus on localization to the influence that lower oil prices could have on new growth.
Alongside the findings, the survey includes an in-depth analysis of the answers and the broader economic climate in which they were obtained by Billy FitzHerbert, OBG's regional editor for the Middle East.
OBG began producing its CEO Surveys in 2016 as a way of giving license-holders a handle on business sentiment in the economies it covers, termed The Yellow Slice (TYS), in reference to its corporate color. Since then, they have become a highly popular and integral part of the firm's portfolio of research tools.
In this latest survey, the majority (61%) of executives surveyed told OBG that they were satisfied or very satisfied with their government's economic response to the pandemic, a finding that reflects the swift and effective action taken across the region which led to some of the lowest case fatality rates in the world.
Significantly, the vast majority (90%) of business leaders said they had implemented remote working and meeting protocols as a result of the coronavirus, in a sign that broad-based efforts to bolster digital infrastructure and digital literacy in recent years have paid off.
Half of those surveyed told OBG that they believe the pandemic will significantly or very significantly change communication and interaction with their clients and customers.
The pandemic has wreaked havoc on supply chains worldwide, causing delays for businesses operating across the economic sectors, including those in the Gulf. More than four-fifths (83%) of respondents told OBG that Covid-19 had disrupted their supply chains.
In an indication that some decision-makers are keen to avoid further supply issues, almost one-third (31%) of those surveyed said they were likely or very likely to relocate their supply chains more locally.
Lower oil prices inevitably remain a cause of concern among business leaders in a region that has felt the weight of falling demand for energy worldwide. More than two-thirds (67%) of CEOs interviewed by OBG said they believe oil prices will significantly or very significantly impact recovery in their sector.
However, a higher proportion (73%) expected their company to be operating above 60% capacity by September 2020 — a finding in line with the mood of cautious optimism evident across the region, according to FitzHerbert.
"Moving forward, business and consumer sentiment is going to be an important factor as authorities look to get economies moving again, fueled by consumer and business spending," he noted.
FitzHerbert's viewpoint can be found in full on OBG's Editor's Blog, alongside additional analysis by all four of OBG's Regional Editors on the markets that they cover.
Titled "Next Frontier", the blog serves as a platform for OBG's experts to share their thoughts on the latest developments taking place across the sectors of the 30+ high-growth markets covered by the company's research.
The OBG CEO Surveys feature in the Group's extensive portfolio of research tools. The full results of the surveys are available online and in print. Similar studies are also under way in the many markets in which OBG operates. — SG


Clic here to read the story from its source.