More than three-quarters of CEOs (77%) say rising interest rates and tightening monetary policies could prolong the threat of a global recession. But what happens in Argentina?
Geopolitics and political uncertainty became the main perceived risk this year for CEOs, according to a survey by KPMG. The “CEO Outlook 2023” survey was conducted among more than 1,300 entrepreneurs from the largest companies in the world. In 2022, these concerns They weren’t even in the top 5 in the 2022 survey.
Although the trust With the global economic outlook for the next 3 years remaining virtually unchanged from last year’s survey (73% vs. 71% last year), CEOs’ views on what poses a risk to their business have changed significantly . More of three quarters of CEOs (77%) states that the increase in interest rates and tightening monetary policies could jeopardize or prolong the threat of a global recession. And more than three in four executives believe it is likely that pressures around cost of living negatively affect the prosperity of your organization in the next 3 years.
The persistent fluctuation of world politics, Business dynamics and international relations forced CEOs to reevaluate their strategic priorities and demonstrate resilience to navigate the intricate interaction of global political forces.
All respondents have annual revenues of more than $500 million, andA third of companies have annual revenues of more than $10 billion. The survey included the participation of CEO of 11 key markets (Australia, Canada, China, France, Germany, India, Italy, Japan, Spain, the United Kingdom and the United States) and 11 key industry sectors (asset management, automotive, banking, retail/consumer markets, energy, infrastructure, insurance, life sciences, manufacturing, technology and telecommunications).
The view of CEOs: how it impacts Argentina
Néstor García, President and CEO of KPMG Argentina He adds: “Argentina is not exempt from this world stage. To the issues that arise from the survey we must add the uncertainty that we are experiencing in the country due to this situation of the presidential election and the various measures that can be taken next year. Beyond that, always the local business was characterized by continuing with its development plans with a view to medium and long term.”
Hybrid work, AI and ecology
According to the analysis, CEOs are increasingly steadfast in their support for pre-pandemic ways of working, with the majority (64%) anticipating a full return to the office within the next three years. An overwhelming 87% of CEOs surveyed are likely to link financial benefits and advancement opportunities to returning to the office.
Furthermore, CEOs recognize that meeting environmental, social and governance issues remains an integral part of their business operations and long-term corporate strategies. In this way, 69% of CEOs adopted ESG aspects in their business as a means of creating value.
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Fury. More and more companies are choosing to use AI for their processes.
And finally, in relation to Artificial Intelligence, the CEOs confirm that they continue to invest in this technology and consider it one of the main priorities of medium-term investment.
70% agree that AI continues to occupy a prominent place in their Priority listand the majority (52%) expect a return on their investment within 3 to 5 years.
Despite their intention to move forward with the investments, they stated that ethical challenges are their main concern when implementing it and whose cost was in second place (55%), while the lack of regulation and technical capacity occupied jointly third place (50%).
Source: Ambito
