{"id":544247,"date":"2022-02-21T13:41:59","date_gmt":"2022-02-21T13:41:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/2022-on-course-to-be-one-of-the-hardest-years-ever-to-do-business\/"},"modified":"2022-02-21T13:41:59","modified_gmt":"2022-02-21T13:41:59","slug":"2022-on-course-to-be-one-of-the-hardest-years-ever-to-do-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/2022-on-course-to-be-one-of-the-hardest-years-ever-to-do-business\/","title":{"rendered":"2022 on course to be one of the hardest years ever to do business"},"content":{"rendered":"

<\/a> Think it was difficult to run a company in 2020? <\/strong>Well think again, as corporate heads and analysts in the US tell Axios<\/a> that 2022 is turning out to be one of the hardest years ever to run a business. Uncertainty remains at high, as labor shortages, surging inflation, latent pandemic disruption and increasing demands from employees for new benefits and flexible working arrangements are raising expenses and creating new complications.<\/p>\n

Workforce challenges are creating new headaches for CEOs:<\/strong> \"They're struggling to find their way,\u201d especially when it comes to workforce challenges, said Ted Bililies, managing director at consulting firm AlixPartners. The so-called \u201cGreat Resignation<\/a>\u201d has seen record numbers of people quit their jobs over the past year, and with 11 mn job vacancies the number of applicants remains low. This is forcing companies in some sectors to aggressively up their salaries to attract and retain talent.<\/p>\n

But it\u2019s more trouble for smaller businesses<\/strong>, who neither have the resources to increase salaries or have customers endure their higher costs of doing business this year unlike bigger companies. They too have difficulties recruiting the right talent.<\/p>\n

Trouble in doing business is not only limited to the workforce<\/strong>, as inflation and supply chain issues are leading to the higher cost of doing business. The annual change in costs for S&P 500 companies is at its highest in a decade at 13.4%.<\/p>\n

All of this has CEOs fearing the future:<\/strong> Almost three-quarters of CEOs told an AlixPartners survey<\/a> at the end of last year that they\u2019re worried about being left jobless due to the disruption.<\/p>\n

\n

<\/a> The EU\u2019s climate disclosure rules are facing more pushback from industry: <\/strong>The EU\u2019s controversial green taxonomy<\/a> is coming under fire from financial industry trade group ICMA, reports the Financial Times<\/a>. The ICMA released a paper<\/a> questioning the taxonomy\u2019s usability, arguing that the alignment regulations require too many details from fund managers which would push up costs to the extent that smaller firms would not be able to comply. The group is also pushing for more country-focused standards that take into account local conditions as opposed to applying the European framework to assets all over the world.<\/p>\n

The taxonomy is no stranger to backlash<\/strong>, having been the subject of global outcry for its designation of nuclear power and natural gas as \u201cgreen investments\u201d. The rules are currently under review and could become law by the summer unless a supermajority of EU countries or the bloc\u2019s parliament moves to block it.<\/p>\n

\n

<\/a> Siri and Alexa have entered the group chat:<\/strong> Several of the world\u2019s biggest tech companies are teaming up to create a common language to allow the increasing number of smart home devices to better communicate and help users integrate tech made by different companies into their setup, writes the Wall Street Journal<\/a>. While companies such as Apple, Amazon and Google all sell products that allow users to turn off the lights, change the thermostat, or open the blinds with a touch of a button, introducing Siri to Alexa doesn\u2019t usually go so well due to compatibility issues and setup complexity, slowing down the adoption of IoT tech in the home.<\/p>\n

Introducing Matter:<\/strong> To make the smart home tech market more accessible, Apple, Amazon, Google and Samsung have joined forces to roll out a new standard this year called Matter<\/a>, which will act as a common language spoken by most new \u2014 and many older \u2014 smart home products. Along with the tech giants, over 220 other companies will also create Matter-compliant smart-home devices \u2014 meaning they can interact together seamlessly while users can choose whichever voice assistant they desire. That also means that supporting products (such as blinds or light switches) will be compatible with all products to easily switch between systems.<\/p>\n","protected":false},"excerpt":{"rendered":"

Think it was difficult to run a company in 2020? Well think again, as corporate heads and analysts in the US tell Axios that 2022 is turning out to be one of the hardest years ever to run a business. Uncertainty remains at high, as labor shortages, surging inflation, latent pandemic disruption and increasing demands […]<\/p>\n","protected":false},"author":1,"featured_media":544248,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[318,184,1169,633,7192,638,1143,1170,1171,182,1172,527,9617,639,117],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-amazon","tag-apple","tag-climate-disclosure","tag-enterprisepm","tag-eu","tag-for-your-commute","tag-google","tag-green-taxonomy","tag-icma","tag-inflation","tag-matter-branding","tag-pandemic","tag-smart-home","tag-technology","tag-us","wpautop","entry"],"acf":{"mongo_id":"a3d6225c-0f36-458f-adaa-9c1237163370","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/521.jpg","photo_position":"above","related_issue":[544243],"teaser":"","voice_url":""},"yoast_head":"\n2022 on course to be one of the hardest years ever to do business - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/2022-on-course-to-be-one-of-the-hardest-years-ever-to-do-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2022 on course to be one of the hardest years ever to do business\" \/>\n<meta property=\"og:description\" content=\"Think it was difficult to run a company in 2020? 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The global chip shortage \u2014 one of the biggest legacy pains of the covid-era \u2014 may be subsiding, as a number of major manufacturers, including Intel and Nvidia are warning of \u201crockier months ahead,\u201d with inflation being cited as a major contributor to\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/349.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579660,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/13\/us-equities-are-having-a-better-time-beauty-product-sales-are-on-the-up-and-up-even-as-inflation-continues-to-bite\/","url_meta":{"origin":544247,"position":1},"title":"US equities are having a better time + Beauty product sales are on the up and up, even as inflation continues to bite","author":"enterpriseam admin","date":"13 November 2022","format":false,"excerpt":"US stocks had their best day since 2020 on Thursday in the wake of weaker-than-expected inflation data that could allow the Federal Reserve to begin to slow the pace of its interest rate hikes.By the numbers: The tech-heavy Nasdaq surged 7.4% while the S&P 500 closed 5.5% higher. The Nasdaq\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/633.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543023,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/egypt-to-ride-the-recovery-wave-as-world-economy-set-to-surpass-usd-100-tn-in-2022\/","url_meta":{"origin":544247,"position":2},"title":"Egypt to ride the recovery wave as world economy set to surpass USD 100 tn in 2022","author":"enterpriseam admin","date":"2 January 2022","format":false,"excerpt":"Global GDP is set to surpass a record USD 100 tn in 2022, with growth expected to hit 4.2% this year, according to the World Economic League Table (WELT) from the Centre for Economics and Business Research (CEBR). That\u2019s two years earlier than the UK-based think tank previously expected the\u2026","rel":"","context":"In "Macro picture"","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/374.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581861,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/de-influencers-are-turning-the-tables-on-the-influencer-industry-will-turkey-become-the-new-king-of-the-textile-supply-chain\/","url_meta":{"origin":544247,"position":3},"title":"De-influencers are turning the tables on the influencer industry + Will Turkey become the new king of the textile supply chain?","author":"enterpriseam admin","date":"26 February 2023","format":false,"excerpt":"De-influencers are the new influencers: De-influencing social media followers not to buy certain products is a not-so-new trend that started picking up again in January, the Washington Post reports. 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The rapper also had two other songs in the\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/632.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":551961,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/02\/quarter-life-crises-are-real-governments-are-getting-in-on-the-metaverse-game\/","url_meta":{"origin":544247,"position":5},"title":"Quarter-life crises are real + Governments are getting in on the metaverse game","author":"enterpriseam admin","date":"2 August 2022","format":false,"excerpt":"Young people are increasingly experiencing a \u201cquarter-life crisis\u201d filled with anxiety, depression, anguish and disorientation. Much like reaching your 40s and experiencing a midlife crisis, quarterlife can bring its own set of challenges like forging your own sense of self and separating from your parents or caregivers, therapist Satya Doyle\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/481.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544247"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544247\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/544243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544248"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544247"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544247"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}