Simon-Kucher: US business leaders expect profit margins to decline this year, with cost increases outpacing revenue growth
Industry growth leaders are positioning for stability in the face of strong macroeconomic headwinds[Boston, MA], [April 13, 2023] – The 2023 Business Growth Study from Simon-Kucher, a global growth consultancy, found that a large majority of US companies are expecting that, despite revenues increasing (by five to eight percent) this year, cost increases remain a challenge due to lower profit margins. Despite strong headwinds, nearly two-thirds of respondents (64 percent) view a recession as a growth opportunity. In 2022, even though revenue increased by roughly six to eight percent