However, they do not foresee an exponential development, since 74% of business leaders consider that their income growth will not exceed 5% per year.
For Néstor García, president and CEO of KPMG in the country: “Argentina’s economic recovery will depend on several micro and macro economic factors, being central to lower inflation. It is important to prepare now to be competitive in the new digital economy that is changing structures, systems, economic, commercial, social and political behavior. “
The report reveals that despite the pandemic and its consequences, 56% of business leaders reported an increase in their income during the last fiscal year.
While 30% declared that they were reduced, which implies a 24% increase in CEOs who reported a loss compared to 2020.
The executives surveyed indicated that the key strategies to achieve the growth objectives of their companies for the next three years are mainly strategic alliances with third parties, organic growth and mergers and acquisitions.
While the operational priority that accompanies these executive elections will be to advance in the digitization and connectivity of all functional areas. The future of work and the virtual modality was another axis covered by the KPMG study, revealing that 54% of CEOs will seek to hire staff to work remotely and focus efforts on developing a culture and policies that promote a better work-life balance.
Even so, the percentage of leaders who plan to reduce physical space in their companies fell, since they continue to value the cultural component that offices provide.
With regard to threats that affect the development of companies, the survey indicates that managers agree that there is no single risk. Among the factors that can be negative incidents for organizations are: cybersecurity risk, emerging and disruptive technology risk, and regulatory risk.
They also warn that there are other aspects to take into account in this regard, such as the risk in the supply chain and the risk of talent.
Garcia summarized: “This year’s survey reflects that CEOs are focused on being connected, putting people first, and aiming to grow their organizations with a sustainable outlook.”
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