• 08-FEB-2012

  • SOURCE: PricewaterhouseCoopers LLP

PwC Survey Shows Brain Drain is Biggest Threat to T&L CEOs

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London, 8 Feb 2012--The war for talent, recruiting and retaining baby busters, rising energy costs and the gloomy global economic horizon are among the key areas of concern for CEOs in the transportation and logistics industry, according to a PwC report. In the Transportation & Logistics (T&L) summary of PwC's 15th Annual Global CEO Survey, 98 CEOs from 36 countries voted on the industry issues that most concerned them and their businesses. Alongside talent and the economy, 63% of T&L industry leaders said rising energy costs was a top concern for them, compared to 46% of the total respondents that took part in the survey.

Confidence among CEOs is fragile, says the report, with just 13% expecting an upswing in the economy. Last year 60% were very confident of revenue growth, but this year that dropped to just 36%. Many, over two thirds, are also planning on launching cost-cutting schemes this year which may include headcount reductions and streamlining IT operations.