A study by Boston Consulting Group found that nearly 60% of CIOs anticipate a recession, prompting significant changes in IT spending priorities. Initially, over 75% planned to increase their IT budgets, but this number declined to 56% following tariff announcements, with expected increases dropping from an average of 4% to 2.4%. Cost control measures are being widely adopted, with 58% of CIOs planning to delay discretionary projects while nearly half intend to bolster investments in AI and automation to alleviate tariff impacts. This context is reshaping longer-term sourcing strategies as companies prepare for potential economic disruptions.
According to BCG, nearly 60% of CIOs believe a recession is likely or already underway, prompting a significant shift in IT budget plans and spending.
Following the announcement of tariffs, the percentage of IT leaders planning to increase budgets fell from over 75% to just 56%, with projected increases dropping from 4% to 2.4%.
The survey shows that 58% of CIOs are implementing cost control measures, while 47% plan to invest in AI and automation to counteract tariff impacts.
BCG found that 40% of CIOs expect to reassess their sourcing strategies, fueled by anticipated trade disruptions, highlighting a proactive shift in procurement.
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