Currently, 46% of CFOs predict profit margin growth, the same as previously in the spring report, although those predicting lower profit margins have risen to 26% from 14%.
The survey showed that half of all U.S. companies had no short-term plans to change work-force size. The 37% that did anticipate hiring additional permanent employees was down from 45%.
Slightly more than a third of the companies involved in the survey currently have no international business. But 64% of all mid-sized U.S. companies said they did business internationally -- buying from foreign markets (50%), selling to foreign markets (48%), and/or having foreign operations (28%).
That their international business will represent a greater percentage of total revenues within the next three years was the position of 58% (61% in manufacturing and 52% in both services and commodities.)
The top overseas challenges that emerged from the survey: logistics (43%), local laws and regulations (41%), culture (34%), currency risk (33%), and vendor performance (33%).
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