Category Archives: Business: Executives

News for Business Executives, current, trending, fresh , Press Releases about whats currently happening in the Business Place for executives.

LaserShip Appoints Bhavna Dave as Chief Human Resources Officer


Bhavna Dave, LaserShip's CHRO

LaserShip’s CHRO, Bhavna Dave

“We look forward to having her apply this principle here at LaserShip to help move our business into the future, while retaining our company’s incredible culture of going above and beyond for our customers,” says Brett Bissell, CEO of LaserShip.

LaserShip, the largest regional e-commerce parcel carrier in the U.S., announced today the appointment of Bhavna Dave as Chief Human Resources Officer. Dave brings more than 15 years of human resources (HR) experience to the team, and will be based in LaserShip’s Vienna, Virginia headquarters.

Dave has extensive experience building and growing HR functions at small to medium-sized organizations and will use this expertise to drive LaserShip’s HR strategy and execution.

“Throughout her impressive career, Bhavna has been able to align the people strategy with organizational objectives,” said Brett Bissell, CEO of LaserShip. “We look forward to having her apply this principle here at LaserShip to help move our business into the future, while retaining our company’s incredible culture of going above and beyond for our customers.”

Dave has experience in several industries and has built her reputation on developing a deep understanding of each industry and the business. Prior to joining LaserShip, Dave led HR at Frontpoint, a home security and automation company, where she was responsible for driving organizational effectiveness and efficiency. Before Frontpoint, Dave spent five years at AddThis, a VC-backed ad technology start-up, where she helped establish a strong, high-performing, and collaborative culture driven by core values that were woven into every aspect of the business. There, she was part of the executive team that scaled and sold AddThis to Oracle.

“LaserShip has been in the delivery industry for three decades, and over the years, has put together an incredible team and strong culture,” said Bhavna Dave, Chief Human Resources Officer of LaserShip. “I look forward to leading HR to help the company continue to build its exciting future.”

Dave graduated from St. Mary’s University with a BBA in Human Resources and received her MBA in Finance from American University.

About LaserShip, Inc.:

LaserShip is an e-commerce delivery company that provides last-mile solutions for shippers that desire reduced transit times and increased flexibility within their supply chain. Founded in 1986, LaserShip has evolved into the leading provider of same-day and next-day delivery services in the Eastern and Midwest U.S. for premier e-commerce and product supply businesses, including five of the largest retailers in the U.S.

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Denovo Adds Industry Veteran to its Leadership Team


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I am honored to join this great team. The service professionals here at Denovo are genuinely focused on helping customers get the most from their ERP investment.

Denovo, a leading provider of managed enterprise resource planning (ERP) and IT services, is pleased to announce that industry veteran Paul Cioni joined Denovo as Chief Technology Officer and Executive Vice President of Operations.

Cioni joins Denovo after twenty-five years of experience as a technology, architecture, operations, and innovation leader in the managed services market space. Prior to joining the Denovo team, Paul was SVP and CISO at Velocity Technology Solutions. During his ten years at Velocity, Cioni served in various roles including leading the Operations, Technology, and Innovation Teams through sustained, rapid growth both organically and strategically, after a major recapitalization.

Before Velocity, Cioni partnered with a team of Andersen alumni to found netASPx, an early stage application service provider which grew to be the largest hosting enterprise in the Infor / Lawson ERP market, eventually being acquired by NaviSite, Inc.

Paul’s breadth of experience in go to market, customer service, and cloud operations allowed him to catalyze genuine transformation in organizations while delivering operational efficiencies and improving customer success.

“I am honored to join this great team. The service professionals here at Denovo are genuinely focused on helping Oracle JD Edwards, Oracle EBS, and Oracle Cloud ERP customers get the most from their ERP investment”, said Paul. “Our team will lower total cost of ownership and improve application availability for each company that joins our Customer family, further cementing Denovo’s position as the market leading Oracle ERP Expert.”

Paul consistently served in leadership roles including Chief Technology Officer, Chief Information Security Officer, SVP Operations, SVP Sales and Marketing, and SVP Sales Operations. He began his career in service to our nation as an Engineer Officer in the United States Army. Paul holds a bachelor’s degree in Computer Science and Electrical Engineering from the United States Military Academy at West Point.

“Paul is an industry veteran who drives technology excellence and operational discipline. Denovo is very excited to have Paul join our team”, said David Shimoni, CEO of Denovo. “Paul’s ability to communicate and execute complex implementations along with his product design experience will continue to differentiate Denovo as a market leader.”

About Denovo

Established in 2003, Denovo Ventures, LLC (Denovo) is a full-service enterprise hosting, cloud computing, application managed services, managed disaster recovery, and professional services firm with extensive expertise in designing, implementing, and supporting enterprise software.

Denovo is proud to be an Oracle Platinum Partner. Our team of over 300 Oracle resources has a combined 3,600+ years of Oracle experience. This includes successfully completing JD Edwards, Oracle E-Business Suite, and Oracle ERP Cloud implementation projects for a wide variety of commercial and public-sector clients. The company is headquartered in Boulder, Colorado. For more information on who Denovo is, please visit our website at Denovo-us.com.

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ScaleX.ai Announced New Chief Marketing Officer and New Chief Sales Officer


Nick Cavuoto, CMO
Townsend Wardlaw, CRO

“It’s an honor to be a part of a company like ScaleX,” said Nick. “I’m looking forward to building on the brand’s incredible success and helping to propel it to even greater heights.” Nick Cavuoto, CMO, ScaleX.ai

ScaleX.ai today announced that Nick Cavuoto has been named Chief Marketing Officer and Townsend Wardlaw has been named Chief Sales Officer of the company.

As Chief Marketing Officer, Nick will oversee marketing strategy, advertising, digital, and the overall brand experience at ScaleX.ai. He will report directly to ScaleX’s CEO Chad Burmeister.

“Nick has a long track record of demonstrated performance across a diverse set of global brands,” said Chad. “We’re excited to have him take the reins as CMO. His extensive experience in brand building, innovation, digital marketing, and organizational leadership will be integral in leading ScaleX.ai to its next phase of growth.”

Over the past four years, Nick built and founded businesses that, combined, have generated multiple 7-figures of growth. Smart Marketing Mastery, has helped thousands of business owners earn over 250,000 leads and $40M in revenue by mastering the core competencies of lead generation, branded content creation, profitable digital advertising, and sales automation. Nick’s work has been featured in Forbes, Entrepreneur Magazine, and Gary Vaynerchuk’s blog. His client’s work has been featured in some pretty special publications; iHeart Radio, NBC, Fox, ABC, CBS, Buzzfeed, Dr. Axe, and the Super Human Podcast. With Microsoft, Pandora, Paychex, and a few other notable brands Nick has managed several billion dollars in products, while leading marketing initiatives generating tens of millions in revenue.

“It’s an honor to be a part of a company like ScaleX,” said Nick. “I’m looking forward to building on the brand’s incredible success and helping to propel it to even greater heights.”

As Chief Sales Officer, Townsend Wardlaw will oversee sales and revenue generation for ScaleX. Townsend has seen over 350 instances of SalesForce deployed, including “some really gnarly ones over the years” as he puts it. ScaleX is excited to have Townsend run the direct sales team to continue to grow direct sales by 200% or more so that the company can invest in the tools for enabling the channel to continue to scale and grow.

“Townsend has been a mentor and a coach for the past year and helped me discover that my bigger purpose in life is to be a warrior for God. Although I’m not 100% sure what that means yet, I know that my grandparents would be proud. And I also know that since I’ve moved aside to follow God’s purpose for my life, amazing things continue to happen. I’m thankful that Townsend is running the direct sales team. I’m certain that he’ll inspire the team to deliver some of the best quarters in done-for-you prospecting that the world has ever seen,” said Chad Burmeister, CEO of ScaleX.ai

Learn more about ScaleX.ai here: https://www.scalex.ai/solutions.

About ScaleX.ai – ScaleX.ai delivers AI for Sales and Pipeline as a Service. Whether you are looking to bring 10X more productivity to your internal sales team, or partner with a company that consistently delivers 10-25 or more meetings per month per virtual BDR, ScaleX has a solution. To learn more about ScaleX.ai, watch the YouTube Video: https://www.youtube.com/watch?v=h-DiV2ceDM4

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Tompkins International Names David Latona Executive Vice President of Material Handling Integration


David Latona, executive vice president of material handling integration, Tompkins International

David Latona, executive vice president of material handling integration, Tompkins International

Since joining Tompkins nearly five years ago, David has demonstrated superb leadership with account development and management and I am pleased that he has accepted the position of executive vice president of material handling integration.

Tompkins International, a leading supply chain consulting and solutions firm, has named David Latona executive vice president of material handling integration. Latona, who previously served as vice president of the firm, has more than 30 years of supply chain experience, specializing in distribution center design and optimization for the apparel and footwear industry.

“Since joining Tompkins nearly five years ago, David has demonstrated superb leadership with account development and management and I am pleased that he has accepted the position of executive vice president of material handling integration,” said Denny McKnight, president and CEO of Tompkins International.

Prior to joining Tompkins, Latona was a partner and senior vice president of Vector Design, Inc., a nationwide material handling integrator, as well as co-founder and managing director of a third-party logistics operator in the Port of Los Angeles. He also co-founded Polygon Solutions, a B2B company that provides ERP systems and front office support for apparel and footwear brands.

Latona will succeed Kelly Reed, who is retiring after more than 20 years with Tompkins, including leading the firm’s material handling integration business unit for the past 11 years. During his time at Tompkins, Reed helped design, implement and support complex material handling systems for distribution and fulfillment operations for major companies across a wide variety of industries. Prior to joining Tompkins, Reed served over 20 years as an officer in the U.S. Marine Corps, holding a variety of high visibility logistics and supply chain management leadership positions.

“Kelly has been a remarkable leader and a true visionary for the supply chain industry,” said Latona. “I am honored to follow in his footsteps and continue to build upon the success he has achieved for Tompkins and our clients over the last two decades. Kelly and I will work closely together over the next several months to ensure a smooth transition.”

About Tompkins International

Tompkins International is a global supply chain consulting and solutions firm dedicated to helping clients achieve supply chain excellence and profitable growth. Founded in 1975, Tompkins has integrated its decades of experience in strategy, commerce, logistics and technology into an ecosystem of four business units: Supply Chain Consulting, Material Handling Integration, Robotics and Applied Technologies. By combining best-in-breed services and technologies, Tompkins delivers a true end-to-end supply chain solution enabling clients to improve the customer experience and ensure long-term success. Tompkins is headquartered in Raleigh, North Carolina and has offices throughout North America and in Europe and Asia. For more information, please visit http://www.tompkinsinc.com.

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UMBRLA Inc. Appoints Former KushCo Holdings President and Chief Revenue Officer as Executive Chairman


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UMBRLA is a rapidly growing organization outpacing the growth of what is still an emerging cannabis industry poised for significant expansion, and Jason’s broad background in cannabis and CPG is a perfect complement to support our strategy.

UMBRLA, Inc. (“UMBRLA” or the “Company”), a multi-state premier brand owner and retail operator in the legal cannabis industry, today announced that it has appointed Jason Vegotsky, former President and Chief Revenue Officer of KushCo Holdings, Inc. (“KushCo”) (OTCQX: KSHB), as the Company’s Executive Chairman. Vegotsky brings over a decade of consumer packaged goods (“CPG”), wine and spirits, and cannabis experience to UMBRLA.

As UMBRLA’s Executive Chairman, Jason will collaborate with UMBRLA’s executive team to develop and drive strategies for future growth, as well as identifying opportunities for value-added strategic initiatives, including acquisitions, joint ventures, and leveraging key relationships in the industry. At KushCo, Jason fostered relationships with many of the leading brands and multi-state-operators in the cannabis industry, which he intends to expand into this new role. Jason will also preside over board meetings, supporting strategy, collaboration, and communication among directors, the executive team and the Company’s shareholders.

Jason Vegotsky is a successful entrepreneur with an extensive background in implementing new strategies for revenue growth, building and scaling brands, and developing leading sales organizations. During his two-year tenure at KushCo, Vegotsky led a team of over 200 employees encompassing sales and operations personnel, and played a critical role in helping the company increase its sales by more than 600% from approximately $18.8 million in fiscal 2017 to $149.0 million in fiscal 2019. Prior to KushCo, Vegotsky was the co-founder of Summit Innovations, the leading distributor of hydrocarbon gasses to the cannabis industry, which was sold to KushCo in 2018. The early part of Vegotsky’s career was spent developing leading brands in the wine and spirits as well as the food and beverage space. He graduated with a Bachelor of Arts in Economics at Bucknell University.

“This is a pivotal moment in UMBRLA’s short, and successful, history,” said Dallas Imbimbo, UMBRLA’s Chief Executive Officer. “UMBRLA is a rapidly growing organization outpacing the growth of what is still an emerging cannabis industry poised for significant expansion, and Jason’s broad background in cannabis and CPG is a perfect complement to support our strategy of expanding our retail footprint and deepening our relationships with our retail partners. There are very few individuals within the cannabis space that have traditional CPG, cannabis CPG, and financial markets expertise, along with the relationships to complement this rare technical know-how. I’m proud to say that Jason checks all of those boxes, and I could not be more excited to have him lead our strategy to both organically grow our CPG brand and retail portfolio and also shape our M&A strategy.”

Vegotsky added: “I have had the privilege of witnessing UMBRLA’s rapid growth from a distance, as they continue to create and gather the industry’s premier brands, while securing the prime real estate to complement them. My passion has always revolved around building brands that can engage, energize, and capture consumers, and this opportunity at UMBRLA represents a perfect outlet to contribute my brand expertise, industry relationships, and deep understanding of how to drive substantial growth. During my time at KushCo, I had a unique perch from which to observe the most promising brands developing in this emerging industry. I’m excited to now bring that unique perspective and experience to UMBRLA, and to help the Company’s innovative and entrepreneurial team realize UMBRLA’s tremendous potential for outsized growth and success in this marketplace.”

ABOUT UMBRLA INC.

UMBRLA is a premier brand house and retail operator in the legal cannabis industry active in California, Oregon, Arizona, and Oklahoma. UMBRLA’s brands are among the most recognizable in the industry and include Korova, Sticks, Cabana, and Beaucoup. UMBRLA’s holdings also include distributor LTRMN, and cannabis storefront retail locations operating as The Spot.

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INCATech Promotes Jesse Osborne to Chief Technology Officer (CTO)


I am delighted that Jesse continues to grow with us & has aligned himself with the technical vision of the company. Jesse’s hard work & determination for leading technical innovation will help INCATech achieve higher levels of solution delivery for our customers – Liliana Freedman, President & CEO.

INCATech is excited to announce that Jesse Osborne has been promoted as our new Chief Technology Officer (CTO). Jesse joined INCATech two years ago as our Geographic Information System (GIS) Practice Lead. In this position Jesse fully embraced a leadership role covering all dimensions of growing a business practice area by expanding our GIS capabilities through solution delivery, winning more GIS related contracts, and bringing great talent into the organization.

As CTO for INCATech, Jesse will be responsible for overseeing INCATech’s technological vision, he will implement technology strategies and ensure that the technological resources are aligned with the business needs of the organization. Additionally, Jesse will continue to manage all functional technology practice areas and associated staff to collectively understand a customer’s mission and objectives to optimally design, develop and execute work plans.

Jesse will provide thought leadership, innovation, and creativity to inform strategic recommendations to the customer and internal INCATech leadership to affect improvements in processes, deliverables, and outcomes. As Jesse has done in the past, he will continue to identify new areas of emerging technology opportunities, strategically guide, and create implementation plans for capitalizing on those opportunities and continue to grow our company in various capacities.

About INCATech

INCATech is an SBA 8(a) certified Woman Owned Small Business that has provided innovative technology to U.S. government and commercial customers for nearly a decade. Our expert teams apply Agile methodologies and use state-of-the-art products to achieve your mission goals and deliver breakthrough results. incatech-corp.com

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Panorama Consulting Group Hires Alan Salton as Director of Innovation


Alan Salton

Alan will be an innovation champion and help take our culture of innovation to the next level in order to inspire, motivate and lead our practitioners through digital transformation programs.

The business transformation and ERP consulting firm, Panorama Consulting Group, recently hired Alan Salton as Director of Innovation. Alan brings decades of business and enterprise technology experience, most recently with abas AG in Germany, where he served as Chief Innovation Officer.

At Panorama, Alan will be responsible for implementing a comprehensive strategic plan supporting innovation, technology transfer, commercialization and economic development activities.

“We’ve had the pleasure of working with Alan on several successful ERP implementations over the years and are absolutely thrilled he is joining our senior leadership team,” said Calvin Hamler, Managing Director of Panorama. “Alan is a brilliant innovator with a wealth of knowledge surrounding the intersection of business and technology in general. He understands the enterprise software landscape and customer experience as well as anyone I know.”

Alan will be working with Panorama’s senior leadership team to implement new processes for innovation within Panorama’s key service areas, including enterprise software selection, ERP software implementation, business process reengineering, organizational change management and business management consulting.

“Alan will be an innovation champion and help take our culture of innovation to the next level in order to inspire, motivate and lead our practitioners through digital transformation programs,” said Vanessa Davison, Managing Director of Panorama. “As a business transformation consultancy, innovation is at the heart of our practice, and our commitment to bringing that knowledge base and breakthrough value to our clients sits at the core of our mission and values.”

Panorama Consulting is continually innovating its service offerings and approach, so assigning ownership of this vision to one key expert was the next logical step in the company’s growth.

Alan will continue to position Panorama for growth by leading the implementation of an open innovation strategy to expand existing networks and partnerships with industry analysts, academics, technology influencers and private equity and venture capital partners.

As Panorama’s consultants help clients transform their people, processes and technology, these consultants will be able to leverage new approaches and new strategic partnerships to bring more value to the firm’s clients.

“I am very excited about joining the Panorama team. What I have learned from working with them over the years is that they are some of the brightest, most forward-looking, and insightful people in the industry,” said Alan Salton. “Their expertise has provided significant value to their clients and partners in aligning their businesses to be positioned for growth.”

About Panorama Consulting Group

Panorama Consulting Group is an independent, niche consulting firm specializing in business transformation and ERP system implementations for mid- to large-sized private- and public-sector organizations worldwide. One-hundred percent technology agnostic and independent of vendor affiliation, Panorama offers a phased, top-down strategic alignment approach and a bottom-up tactical approach, enabling each client to achieve its unique business transformation objectives by transforming its people, processes and technology. Panorama’s services include ERP Selection, ERP Implementation, ERP Contract Negotiation, ERP University, Digital Strategy, Technology Assessment, Change Management, Human Capital Management, Business Process Management, M&A Integration, Turnaround Analysis, Crisis Management, Financial Restructuring, Operational Restructuring, Project Auditing & Recovery and Software Expert Witness Testimony. Learn more at https://www.panorama-consulting.com/.

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CoEnterprise Vice President of Marketing Mark Bell Named to ‘Tableau’s Partners Got Talent’ List for Exceptional Deliverables During Coronavirus


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As a trusted Tableau partner, we feel we have a significant responsibility to all of our customers.

CoEnterprise, a data-driven enterprise software and services company that solves data challenges in real-time, announced today that Mark Bell, Vice President of Marketing, has been named to Tableau’s ‘Partners Got Talent List’ for Q2 2020. The award recognizes individuals from the Tableau partner community who contributed unique deliverables for their company, customers, and industry.

“As a trusted Tableau partner, we feel we have a significant responsibility to all of our customers,” said Bell. “Businesses are struggling to manage their supply chain during these trying times and we’re just glad we’ve been able to help and offer support and guidance.”

During the past few months as a result of COVID-19, Bell and his team have delivered several webinars and multi-pronged digital campaigns to help their customers and Tableau respond to the pandemic and better analyze their data. Webinar topics include:

  • How retail and CPG can mitigate the impact of COVID-19
  • Maximizing Tableau Prep during times of rapid change
  • Using data to get back to business and transition to the next phase of the pandemic
  • How life science & healthcare companies can leverage a strong data analytics strategy to navigate Coronavirus (upcoming on 6/18)

As a Tableau Gold Partner and Services and Training Partner of the Year recipient, CoEnterprise helps companies take their Tableau utilization to the next level. With over 200 projects completed annually and over 1K visualizations implemented worldwide, they empower users across the country with superior product know-how, informative training, and optimized implementations.

Tableau Software helps people see and understand data by helping anyone quickly analyze, visualize, and share information. More than 78,000 customer accounts get rapid results with Tableau in the office and on-the-go and hundreds of thousands of people have used Tableau Public to share data in their blogs and websites.

For additional information on CoEnterprise’s COVID-19 resources, click here.

About CoEnterprise

CoEnterprise is an award-winning enterprise software and services company headquartered in New York City. Founded in 2010, CoEnterprise delivers supply chain and business analytics solutions and services that transform how companies connect and do business. Syncrofy—CoEnterprise’s B2B cloud visibility platform for EDI and supply chain—provides data-driven business insights to key team members without requiring any advanced technical knowledge, enabling customers to analyze, interpret, and act on information faster and more effectively. For more information, please visit http://www.coenterprise.com.

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The New Waggl Engagement (WE) Solution Inspires Employees and Empowers Leaders


The mobile WE application screeenshot

The WE Solution crowdsources employee feedback to improve engagement and business outcomes.

“Employee Voice is the most agile way to keep people engaged, connected, and informed, by including them in authentic dialogue and inviting them to help co-create the future,” said Michael Papay, Co-founder and CEO, Waggl.

Waggl today introduced the Waggl Engagement (WE) Solution, a robust, agile Employee Voice platform designed to inspire employees and empower leaders. The WE Solution is a critical component of the essential productivity suite for all workplaces, remote or in-person, as they start to re-emerge from the COVID-19 crisis.

The WE Solution utilizes Employee Voice to crowdsource real-time insight and drive faster action and alignment around critical business topics. Based on a modern pulse survey platform that enables a shared dialogue around critical questions, the WE Solution enables rapid sharing of results and speed to action. Waggl asks simple question types in a lightweight anonymous pulse. The participant experience is intuitive and game-like, and encourages authentic responses to important questions. By surfacing and prioritizing insights, ideas, and information, the WE Solution helps organizations maintain connection and reinforce a sense of community, and enables teams to align on action.

“For the past few months, remote work and interrupted workflows have presented steep challenges to how organizations keep employees engaged and productive,” said Michael Papay, Co-founder and CEO, Waggl. “As organizations start to re-emerge from this crisis, many leaders are looking for ways to help their workforce return to productivity and a sense of normalcy. Employee Voice is the most agile way to keep people engaged, connected, and informed, by including them in authentic dialogue and inviting them to help co-create the future.”

The WE Solution is based on a proven cycle of inquiry, dialogue and team-derived action that encourages shared ownership and built-in accountability. Waggl’s advanced technology platform is supported by a set of proven work processes, partnership resources, and a question model with three starter modules of simple, validated question sets around key organizational drivers:

  • Putting People First During COVID-19. Purpose-built to help leaders learn what their people need to move forward in the wake of the Coronavirus Pandemic, this module includes: Free use of Waggl for 90 days with 3 pre-loaded question sets, a complimentary 15-minute onboarding call, and a comprehensive ‘Getting Started with Waggl” guide.
  • Process Shredder. Created to help enterprise organizations simplify work and engage with purpose, this module utilizes Employee Voice to create alignment and fast action on solutions to streamline how work gets done.
  • Executive Search. Solicits authentic feedback from staff about the traits they believe new leaders should possess. Generates strong alignment and genuine enthusiasm around new executive hires.

Waggl’s Engagement Solution is far more agile than traditional surveys, and has demonstrated superior employee engagement and speed to action for hundreds of organizations. “Before Waggl, our engagement results were getting better, but we still had issues that were pronounced and clear in regards to the efficiencies of our operations and the efficacy of our management,” said Dru Fearing, Vice President of Talent Management, Freddie Mac. “With Waggl, we’re asking simple questions and quickly getting answers we can use and take action on.”

In tandem with the launch of the WE Solution, Waggl has launched a brand new website that delineates a strong differentiated value proposition and offers a plethora of inspiring new resources for teams and leaders interested in Employee Voice. To learn more about Waggl, please visit https://www.waggl.com/.

About Waggl

For HR leaders who need to measure, and truly improve engagement, Waggl is an Employee Voice platform that crowdsources real-time insight to drive faster action and alignment around critical business topics. Inspired by the waggle dance honey bees do to communicate vital information, Waggl believes every voice matters. Unlike heavy surveys or basic pulse tools, Waggl is a dialogue-first approach to engagement that creates shared ownership through inclusive team-based action planning.

With a seasoned Executive Team and premiere customers including Freddie Mac, Paychex, Heineken, 3M, Mastercard, UCSF Medical Center, McGraw Hill, Taylor Morrison and Parsons, Waggl partners with leading enterprises to harness the collective intelligence of their people. For more information and an expanded customer list, please visit https://www.waggl.com.

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Shrinking Consumer Demand and Changing Consumer Behavior are the Biggest Threats to Business Recovery According to New YPO Survey


YPO, the global leadership community of more than 29,000 chief executives, conducted an all-member survey to gain continued insights into the impact the global pandemic has had on businesses and chief executive perspectives over the past few weeks as compared to YPO’s previous COVID-19 Surveys from 17 March and 22 April.

The latest YPO Chief Executive COVID-19 Global Survey, conducted 27-30 May and drawing 2,718 respondents, indicates an increase in optimism among chief executives compared to YPO’s COVID-19 April survey, but a majority (50%) say the diminished demand for their products/services is the greatest obstacle to their business’s viability, followed by changes in consumer behavior (44%) and operating restrictions from government (32%).

Key additional findings include:


  • Business leaders are split when it comes to the topic of the easing of restrictions and businesses reopening with 49% sharing it is just right, 43% saying it is too slow and 8% believing it is too fast.
  • A resurgence of COVID-19 would have significant consequences for business globally, with 6% of chief executives sharing their business would be at risk of not surviving a second wave, with 72% noting it would pose a moderate-to-large threat.
  • Most business leaders (55%) reported their companies received some form of government support during the past few months, while 45% said they did not receive it, 44% of which stated that they did not receive it because they did not require the support. Of those who received government support, most selected to use the support towards payroll (81%).

— Business leaders in Australia/New Zealand (71%), United States (67%), and Canada (65%) were more likely to have received government support, while those in South Asia* (5%), Africa (24%), and Latin America (26%) were less likely to have received government support. Government support did not have a significant impact on recipient chief executives’ business outlooks or perspectives on the pace of reopening.

— Company size was a significant factor in determining which businesses received government support. Leaders of organizations with more than 500 employees reported receiving lower levels of government support (38%) as compared to their peers who run companies with less than 100 employees (65%) and companies with 100-500 employees (59%).

  • The majority (64%) of respondents say their business outlook is more negative compared to 1 March; this is a marked improvement from the previous month, when 84% of chief executives had a negative outlook.

— As the COVID-19 pandemic progresses, regional differences are emerging, with chief executives in South Asia (51%), Africa (50%) and MENA (41%) saying their business outlook has become significantly more negative since 1 March, while leaders in Australia/New Zealand (35%), Canada (35%) and United States (26%) have the most positive outlook when compared to 1 March.

  • Sentiments of a prolonged recovery remain prevalent, as chief executives anticipate continuing negative effects one year from 1 March on revenue (49%), headcount (39%) and total fixed investment (39%). This too is directionally more positive when compared to the chief executives’ April responses to the anticipated continuing negative effects one year from 1 March on revenue (65%), headcount (49%) and total fixed investment (53%).

— Business leaders in the United States (14%), Europe (14%) and Asia** (15%) are the least likely to expect their total number of employees to be down more than 20% a year from now. Chief executives in South Asia (40%), followed by Latin America (27%) and Africa (24%), are more likely to expect a decrease in employees in the next 12 months.

— Australia/New Zealand chief executives (13%) are the least likely to expect their total fixed investment to be down more than 20% a year from now, compared to 1 March 2020 levels. Business leaders in the Middle East/North Africa (41%) and South Asia (40%) are the most likely to expect a decrease in fixed investments.

  • Business leaders, when asked how they would handle the crisis differently, mainly shared (23%) that they would not change their leadership approach while others cited they would be quicker to respond (21%), manage human resources differently (15%), improve communications (14%), and improve capital management (14%).

YPO Chief Executive Global Survey on the Business Impact of COVID-19 Methodology:

The YPO Survey on COVID-19 was conducted by YPO from 27-30 May 2020 via an online questionnaire. A total of 2,718 YPO members responded to the survey. The members in this sample are representative of the larger YPO population and come from 100 different countries. The margin of sampling error is plus or minus 1.79 percentage points at the 95 percent confidence level.

*South Asia includes India, Nepal and Sri Lanka.

**Asia includes Cambodia, China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand, and Vietnam.

About YPO:

YPO is the global leadership community of more than 29,000 chief executives in 130 countries who are driven by the belief that the world needs better leaders. Each of our members have achieved significant leadership success at a young age. Combined, they lead businesses and organizations contributing USD 9 trillion in annual revenue. YPO members inspire and support each other through peer learning and exceptional experiences in an inclusive community of open sharing and trust. For more information, visit https://www.ypo.org/.

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