Executive Insights Survey Results 2024
The Georgia Chamber partnered with Deloitte Consulting to complete our 2nd Executive Insights Survey. This was completed in January 2024 and over 1,000 CEOs were asked to participate. 83% of respondents represent companies headquartered in Georgia.
Overall, executives are feeling more positive about the economy. Almost 80% of all executives are ”Very Optimistic” or “Optimistic” about their Industry’s Performance in Georgia, a 14 percentage point increase year over year.
Moreover, 77% of executives are “Very Optimistic” or “Optimistic” about the Georgia economy. This represents at 17 percent increase year over year.
What is your personal outlook towards the following over the next 12 months?
Results indicated that Georgia business leaders overwhelmingly agree Georgia is a great place to operate their business in the current climate and grow their business over the long-term. Executives attributed this to the state’s population growth, robust economic development announcements and faith in state leadership.
For a second consecutive year, the majority of CEOs are expecting to increase both revenue, fulltime employment, and capital investment in the next 12 months – 85%, 70%, and 70%, respectively.
Over the next year, by what percentage do you expect your company’s revenue to grow?
Over the next year, by what percentage do you expect full-time employment in your company to grow?
Over the next year, by what percentage do you expect your company’s capital investments to grow?
Talent and workforce availability is the top business climate issue among executives with 62% ranking it in their top 3 business climate issues for the state.
A significant percentage of executives listed workforce housing and home ownership and workforce development and retraining in their top 3 issues affecting workforce competitiveness.
This year’s top 3 issues are also the top 3 issues based on last year’s survey results.
What are the most important issues affecting Georgia’s ability to attract, develop and maintain a competitive workforce? (Choose 3)
Georgia executives are increasingly focused on investing in innovations to propel their business in the coming years. Automation & Digital Solutions, Artificial Intelligence, and Analytics are the top innovation areas most executives expect to increase investment in over the next three years.
Artificial Intelligence represents the largest differential from investments over the past three years to the next three years.
1. What innovations has your company invested in over the past 3 years?
2. What innovations do you anticipate increasing your investment in over the next 3 years?
See more relevant data and insights at gachamber.com/redbook