About half of C-suite executives are considering budget cuts in the second quarter due to macroeconomic challenges, as per Gartner findings.
A survey conducted by Gartner revealed that 49% of corporate executives are contemplating budget cuts for their functions in response to economic impact and U.S. federal policy changes.
58% of respondents anticipate supply chain disruptions due to tariffs, reflecting the uncertainty faced by businesses amidst global economic challenges.
Gartner's survey also indicated that corporate executives are considering various strategies such as altering go-to-market approaches and pausing major projects to navigate the current economic uncertainties.