Business leaders are increasingly concerned about current challenges – but they’re also hopeful

Our pulse survey of C-suite executives reveals the understandable worry organizations are feeling, and the shifts they’re making to survive and thrive.

In this three-part report on the Crowe Business Challenges Survey, you’ll see how businesses across sectors are reacting to setbacks, including their top concerns and how they’re paving the way for their organizations to move forward.

Featured article

44% of executives concerned about potential impact of U.S. election results

We asked over 400 executives how they’re dealing with this year’s business challenges. Discover what executives are saying about the election, COVID-19, economic uncertainty, and more in the special, preelection report from the Crowe Business Challenges Survey.

View the article

Part I

Overall business sentiment and actions companies are taking

Nearly three out of four companies expect at least a moderate revenue decrease in 2020, and have little certainty on when COVID-19’s impact will lessen, according to survey results from late April to June 2020.

Download Part I report

Part II

Concern is growing significantly

In Part II of our report, 68% of executives in the last weeks of July 2020 noted high concern about the pandemic, up from 51% from the previous period – a staggering 17-point jump.

Download Part II report

Employee health & safety is top concern for businesses

Over the course of the spring and summer, employee health and safety scored as the highest concern across all industries. With cases continuing to spike across the U.S., we expect this trend to continue into Q4 of 2020.

Due to multiple economic factors, loan loss provisioning was also a major concern in the banking industry.

About 55% of businesses also were apprehensive about decreased top line revenue, though that number spiked to 66% in the healthcare industry. In our first survey, taken from late April to early June 2020, 26% of businesses expected a severe decrease in profit, compared with 22% in our second, taken from mid-July to early August.

For more information, download:
Survey Part I
Survey Part II

In the news

Fox Business
11/2/2020

Fox Business

Trump-Biden election's potential impact has 44% of business execs worried for their organization
Consulting Magazine
10/28/2020

Consulting Magazine

One on one with Crowe's Ann Lathrop
Inside Public Accounting
10/1/2020

Inside Public Accounting

Survey: Executives on edge after summer virus spikes
Trump-Biden election's potential impact has 44% of business execs worried for their organization
One on one with Crowe's Ann Lathrop
Survey: Executives on edge after summer virus spikes
CPA Practice Advisor
9/30/2020

CPA Practice Advisor

COVID-19 spike raises concern of business executives
AiThority
8/28/2020

AiThority

Survey finds 72% of executives expect a decrease in revenue due to COVID-19
ABA Risk and Compliance
8/28/2020

ABA Risk and Compliance

Survey: Financial firms split on when COVID-19 effects expected to ease
COVID-19 spike raises concern of business executives
Survey finds 72% of executives expect a decrease in revenue due to COVID-19
Survey: Financial firms split on when COVID-19 effects expected to ease

Sign up to receive the Part III report as soon as it’s released

Fill out this brief form to make sure new reports and information on major business challenges are sent right to your inbox.

Captcha is required.

We’re listening, and we’re ready to help

Our survey reflects the concerns of businesses in a variety of industries, such as financial services, manufacturing and distribution, construction, healthcare, and the public sector. The results help us tailor our services and create new solutions for our clients. If you are looking for ways to help your business manage current challenges, from economic pressures to risks and regulations, our professionals can help you from every angle.