Pandemic hurt next generation of family business owners, survey finds
The uncertainty created by the Covid-19 pandemic has made current generation family business owners less likely to relinquish control, and has made it more difficult for the next generation to establish themselves, according to a PwC report.
PwC’s 2022 Global NextGen Survey spoke with more than 1,000 next generation members in family businesses across 68 countries, including Ireland, to understand their key priorities and challenges.
It established that more than half of them believe communication between family members about the business increased during the pandemic, but also that there were other more negative consequences to the pandemic.
The uncertainty created by Covid-19 appears to have made the current generation…
