The KPMG 2022 CEO Outlook Survey – where 1,325 global CEOs provided insights into their 3-year outlook on the business and economic landscapes—found that despite geopolitical and economic challenges, global economic confidence over the next three years has rebounded from early 2022, rising to 71 percent.
CEOs are prepared to weather current geopolitical and economic challenges while still anticipating long-term global growth. They have learned to become more agile to navigate the unpredictable—realigning their workforces, untangling supply chain disruptions and adapting to geopolitical and economic impacts. As the possibility of recession looms, many are already prepared with a deep focus on planning and agility. This includes leveraging on technology and balancing it with talent strategy.
While it is unsurprising that the economic climate is now a top concern for business, over these past few years, business leaders have learned to navigate the unpredictable factors surrounding them. In line with recognizing geopolitical and economic impacts, there are opportunities to be found in this fog of uncertainty brought on by the promise of technology, talent, economic outlook, and ESG.
The cyber environment is evolving quickly with 77 percent of CEOs seeing information security as a strategic function and a potential source of competitive advantage. CEOs are changing how they support and attract talent, and their efforts are buoyed by a focus on their people and experimenting with different workflows.
“Companies are also growing and learning to deal with these challenges head-on. They know the work that must be done and the need for speed and agility in these uncertain times,” KPMG in the Philippines vice chairman and chief operating officer and head of advisory Emmanuel Bonoan said.