Global supply chain pressures remain a theme, but these are seen to have moderated since 2022. Only 39% express concerns (32% state they are ‘somewhat concerned’ and 7% that they are ‘very concerned’) about the business impact of these, down from 59% last year. Institutional investors are the most relaxed, with 61% expressing ‘no major concern’, followed by healthcare corporates at 52%. Private equity investors are a relative outlier in being more cautious, with 48% admitting to being somewhat concerned.