latin american business outlook part of the global business outlook
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Latin American Business Outlook Part of the Global Business Outlook. A joint survey effort between Duke University, Fundação Getúlio Vargas and CFO magazine. Top Internal Concerns for Latin American CFOs. - PowerPoint PPT PresentationTRANSCRIPT
Latin American Business OutlookPart of the Global Business Outlook
A joint survey effort between
Duke University,Fundação Getúlio Vargas
and
CFO magazine
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 1
Top Internal Concerns for Latin American CFOs
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 2
1. Ability to maintain margins
2. Attracting and retaining qualified employees
3. Ability to forecast results
4. Working capital management
5. Maintaining morale/productivity
6. Supply chain risk
7. Counterparty risk
8. Managing IT systems
9. Balance sheet weakness
10. Data security
11. Pension obligations
Top External Concerns for Latin American CFOs
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 3
1. Consumer demand
2. Federal government policies
3. Corporate tax rates
4. Price pressure from competitors
5. Global financial instability
6. Currency risk
7. Credit markets/interest rates
8. Foreign competition
9. Inflation
10. Cost of non-fuel commodities
11. Financial regulation
Forecast of % change over next 12 monthsHistorical Responses Dec 2013 Response
Rev
enue
Notes: Presented data are the mean value for each region or country.
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 4
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013
-5%
0%
5%
10%
15%
Latin America United States Europe AsiaAfrica
Pro
duct
Pric
es
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013
-5%
0%
5%
10%
15%
Latin America United States EuropeAsia Africa
United States
Europe Asia Latin America
Brazil Peru Chile0%
5%
10%
15%
United States
Europe Asia Latin America
Brazil Peru Chile
-5%
0%
5%
10%
15%
Historical Responses
Cap
ital S
pend
ing
Dec 2013 Response
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 5
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013
-5%
0%
5%
10%
15%
Latin America United States Europe AsiaAfrica
Forecast of % change over next 12 months
Notes: Presented data are the mean value for each region or country,except medians are shown for Latin American earnings in Dec 2012 and Mar 2013.
Ear
ning
s
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013
-5%
0%
5%
10%
15%
Latin America United States EuropeAsia Africa United
StatesEurope Asia Latin
AmericaBrazil Peru Chile
0%
5%
10%
15%
United States
Europe Asia Latin America
Brazil Peru Chile
-5%
0%
5%
10%
15%
Historical Responses
# F
T E
mpl
oyee
sW
ages
& S
alar
ies
Dec 2013 Response
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 6
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013
-5%
0%
5%
10%
Latin America United States Europe
Asia Africa
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013
-5%
0%
5%
10%
Latin America United States Europe Asia
Africa
Forecast of % change over next 12 months
Notes: Presented data are the mean value for each region or country,except medians shown for Latin America in Dec 2012 and Mar 2013.
#FT=Number of Fulltime Employees
United States
Europe Asia Latin America
Brazil Peru Chile
-5%
0%
5%
10%
United States
Europe Asia Latin America
Brazil Peru Chile0%
5%
10%
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013
Business Optimism Index (Scale from 0 to 100)Historical Responses
Cou
ntry
/ R
egio
nO
wn
Com
pany
Dec 2013 Response
7
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 201335.0
45.0
55.0
65.0
75.0
Latin America United States EuropeAsia Africa
Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 201335.0
45.0
55.0
65.0
75.0
Latin America United States Europe
Asia Africa
Brazil Mexico Argentina Chile Peru Colombia0
1020304050607080
Brazil Mexico Argentina Chile Peru Colombia0
1020304050607080
Notes: Presented data are the mean value for each region or country
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013
Past Economic Conditions For Company
8
US Europe Asia Latin America Africa Brazil Peru Chile0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Significantly worse Somewhat worse No changeSomewhat better Significantly better
Have the economic conditions for your company changed in 2013?
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013
Expected Economic Conditions For Company
9
US Europe Asia Latin America Africa Brazil Peru Chile0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Significantly worse Somewhat worse No changeSomewhat better Significantly better
Do you expect the economic conditions for your company to change in 2014?
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013
Corporate Budget for Charitable Donations
10
US Europe Asia Latin America Africa0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Yes No
Does your company have a corporate budget for charitable donations?
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013
Past and Expected Return on Assets (ROA)
11
US Europe Asia Latin America Africa Brazil Peru Chile0%
2%
4%
6%
8%
10%
12%
14%
Approximate ROA in 2013 Expected ROA in 2014
Duke/FGV CFO Survey in Latin America Press
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 12
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 13
Duke/FGV CFO Survey in Latin America Press
Latin American Business OutlookPart of the Global Business Outlook
A joint survey effort between
Duke University,Fundação Getúlio Vargas
and
CFO magazine
Latin American Business Outlook Duke University / FGV / CFO Magazine Dec 2013 14