Where They’re Spending—and Why

For companies looking to rebound after the pandemic-induced recession, business conditions have presented a few obstacles: long-term supply chain disruptions, labor shortages, inflation, changing regulations, and COVID-19 surges, just to name a few.

Key Takeaways:

• The manufacturing and distribution and logistics industries are facing major talent shortages, creating concern about meeting demand.
• IT, technology, and data analysis are high priorities for all respondents regardless of industry, company revenue, or job function.
• Smaller companies are beginning to majorly emphasize cybersecurity, moving it from one of the lowest-ranked priorities in previous surveys to one of the highest.