Caribbean Business Leaders Worried About Second Wave Of COVID-19

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NASSAU, Bahamas, Jun 20, CMC – A new survey conducted by the audit, tax and advisory firm, PricewaterhouseCoopers (PwC), has found that the greatest concern for Caribbean businesses is a new wave of the coronavirus (COVID-19).

The sixth, which was conducted between June 1-11, involved 989 chief financial officers (CFO) in 23 countries including over 40 CFOs in the Caribbean.

The majority of CFOs surveyed in the Caribbean expect COVID-19 to decrease revenue/profits by 10 per cent.

Most Caribbean CFOs (70 per cent as compared to 63 per cent globally) cite offering new or enhanced products or services as most important to rebuilding or enhancing their revenue streams. None are considering making cuts to digital transformation or cybersecurity.

“As Bahamians begin to return to the workplace, organisation’s need to consider how they will support employees to adapt to new working conditions and realities, which may range from adjusting to reconfigured office layouts to the adoption of new behaviours designed to promote safety,” said Prince Rahming, PwC Bahamas territory leader.

Read more at: Jamaica Gleaner

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