Kathy Gibson reports: CEOs in SouthAfrica ready, prepared to weather geopolitical and economic challenges says one headline finding from KPMG 2022 CEO Outlook Survey, presented in partnership with BLSA ~ positive
Kathy Gibson reports – CEOs in South Africa and ready and prepared to weather geopolitical and economic challenges.
“With digital transformation comes an increase in cybersecurity risk,” Sehoole says. And this risk is not just to companies but to their customers as well, which CEOs need to be aware of. In South Africa, CEOs are less confident about the economic outlook, but it is still relatively high. Globally, 86% of CEOs believe a recession will happen over the next 12 months. On the local front, 72$ of South African CEOs anticipate a recession in the long-term – but they are prepared for it, having already taken active steps to boost productivity.
The anticipate recession could be pushing companies to reconsider the digital transformation strategies. Meanwhile, one-third is local CEOs plan to diversify their supply chains in the next six months in response to geopolitical challenges – and 84% note supply chain diversification to prepare for a recession in the short-term.
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