The unprecedented level of technological disruption and geopolitical uncertainty in the world today demands more from leaders.
This is not a time for complacency: A confluence of geopolitical shifts, trade spats, tariffs, digital transformation, new technologies, the intense competition for skilled workers, and the omnipresent threat of cyberattacks is creating as much opportunity as it is 'freak turbulence.' The unprecedented level of technological disruption and geopolitical uncertainty in the world today demands more from leaders. It requires them to be agile, open to new ideas and collaboration, and to be sharper in execution and implementation.
All this is reflected in KPMG's 2019 Global CEO Outlook, where the company talked to some 1,300 CEOs around the world and found that they are increasingly making agility their top priority. As many as 73% of Canadian CEOs feel there's a higher need to 'act with agility' – an increase of 14 per cent over 2018 and noticeably more than the 67 per cent of global CEOs who share the same opinion.
Almost two-thirds of Canadian CEOs plan to increase investment in disruption detection and innovative processes. This is a trend already well underway in the A&D sector. Aerospace manufacturing is six times more research and development intensive than the manufacturing average. And, in the defence industry, R&D intensity is 4.5 times higher than that of the Canadian manufacturing average.
Download the article to learn more.
© 2020 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.