The KPMG Irish CEO Outlook provides an in-depth 3-year outlook on enterprise and economic growth from thousands of executives around the world including from Ireland. The full survey launches in September 2021, so watch this space for updates.
Irish CEOs are optimistic about the domestic economy with confidence back to pre-COVID levels. Over seven in ten (72 percent) Irish CEOs surveyed are optimistic about Irish growth prospects compared to 56 percent in 2020. They have highlighted that strategies such as joint ventures, M&A, and strategic alliances are the main post-pandemic levers for increased levels of growth.
KPMG in Ireland
The pandemic was a true test of leadership for CEOs: they have had to help protect the health and well-being of their employees, make big decisions amid uncertainty, adapt their leadership approach in a virtual environment and prepare for the post-pandemic era. Today, CEOs are facing new challenges as their organisations manage the ongoing impact of the pandemic: balancing the potential to drive growth with uncertainty around the potential of an uneven global recovery.
As working from home has become the norm for so many, has the demise of the office been overstated? Organisations and their leadership teams have had to grapple with headcount and resourcing challenges, office investment strategies and how to engage with their teams to keep the business running while they try to hit the right note on attracting and retaining people.
Transparency and accountability are two of the main drivers of the ESG agenda and CEOs and their boards have more focus than ever on a wide range of issues as stakeholders from investors and regulators to customers and employees demand more of organisations.
Our survey shows that Irish CEOs are more than willing to lead by example to embrace today’s tough leadership challenges. Building on their renewed optimism on the Irish economy, they intend to lead their teams in a changed and flexible working environment but one which still has the office at the heart of the business. Meanwhile, their increased focus on ESG matters has climate change firmly on the agenda as they also focus on critical issues such as cyber security, disruptive technology, and supply chain disruption.
The KPMG CEO Outlook provides an in-depth 3-year outlook from thousands of global chief executives including from Ireland on enterprise and economic growth.
The KPMG 2021 CEO Outlook asked 1,325 CEOs from among the world’s most influential companies to provide their 3-year outlook on the economic and business landscape, as well the impact that the on-going COVID-19 pandemic will have on their organizations' future. All respondents have annual revenue over US$500M and a third of the companies surveyed have more than US$10B in annual revenue.
The survey was conducted June 29 – August 6 and included leaders from key markets (Australia, Canada, China, France, Germany, India, Ireland, Italy, Japan, Spain, UK and US) and 11 key industry sectors (asset management, automotive, banking, consumer and retail, energy, infrastructure, insurance, life sciences, manufacturing, technology, and telecommunications).
Note: Some figures may not add up to 100 percent due to rounding.