WEBVTT 1 00:00:00.480 --> 00:00:04.200 In my conversations with hundreds of CEOs, board members, 2 00:00:04.200 --> 00:00:08.240 public sector and other leaders, there is broad agreement: 3 00:00:08.240 --> 00:00:11.400 uncertainty is challenging our businesses 4 00:00:11.400 --> 00:00:13.960 and our ability to make decisions. 5 00:00:13.960 --> 00:00:17.880 BCG’s latest C-suite survey confirms that sentiment 6 00:00:17.880 --> 00:00:22.200 with economic uncertainty top of mind for all. 7 00:00:22.200 --> 00:00:25.760 Given the turbulence in the economy and in financial markets, 8 00:00:25.760 --> 00:00:30.240 most business leaders are rightly focusing on reducing costs. 9 00:00:30.240 --> 00:00:33.800 The savviest executives surveyed are also investing 10 00:00:33.800 --> 00:00:38.160 for growth—in digital and artificial intelligence, in climate 11 00:00:38.160 --> 00:00:42.240 and sustainability, and above all, in talent. 12 00:00:42.240 --> 00:00:45.480 These companies are building resilience to withstand 13 00:00:45.480 --> 00:00:49.280 future shocks and, ultimately, thrive. 14 00:00:49.280 --> 00:00:52.880 Our survey shows investments in resilience pay off. 15 00:00:52.880 --> 00:00:57.320 Over the past year, resilient businesses outperformed their peers 16 00:00:57.320 --> 00:01:02.880 by, on average, 15 percentage points in total shareholder return. 17 00:01:02.880 --> 00:01:06.800 Cost management will continue to be critical over the next few years. 18 00:01:06.800 --> 00:01:12.280 But so will scenario planning, capability building, and continuous learning. 19 00:01:12.280 --> 00:01:16.440 As long as uncertainty reigns, the winning strategy remains: 20 00:01:16.440 --> 00:01:21.960 take care of the short term without losing sight of long-term ambitions. 21 00:01:21.960 --> 00:01:24.080 Have a look at the survey results— 22 00:01:24.080 --> 00:01:26.480 I'm sure you will find them interesting.