Tech leaders say they are monitoring financial markets, inflation and supply-chain uncertainties before making tech investments, The Wall Street Journal reported May 23.
As the threat of recession rises, pressure to think ahead and plan further in advance to minimize costly delays from supply chain shortages are prompting CIOs to focus their tech investments on productivity and profitability, according to the report.
This means more investment in technology and services that make the supply chain more efficient, that can mitigate ongoing supply-chain struggles and tech that can contribute quickly to the bottom line.