Almost half of CEOs across the world do not expect to see a return to 'normal' business until sometime next year, according to the latest KPMG CEO outlook pulse survey.
31% of global executives were more optimistic, saying they expect this will happen later this year.
According to the survey, 24% of CEOs say that their business model has been changed forever due to the pandemic.
The study conducted by KPMG in February and March of this year, asked 500 global CEOs about their response to the pandemic and the outlook over a 3-year horizon.
Only 21% of businesses say they are looking to hire talent that works predominantly remotely, which is a significant shift from last year, when 73% were looking for remote workers.
A vast majority, 89% of business leaders say they are focused on locking in the sustainability and climate change gains their companies have made as a result of Covid-19.
Seamus Hand, Managing Partner of KPMG in Ireland said the pandemic has also acted as a catalyst for many business leaders in looking at the role of their business and its impact on society.
"Climate change in particular will continue to grow in importance as a leadership issue as businesses address the pressing need for measurable, target based action in this area," he said.
