KPMG has found that 45 per cent of out 500 chief executive officers (CEOs) surveyed globally are not expecting to see a return to 'normal' until sometime in 2022.
"Interestingly, only 6 percent of CEOs in Asia Pacific predict a return to ‘normal’ by this year with a significant majority (59 per cent) envisioning it will only happen in 2022," it said in a statement following the release of its 2021 KPMG CEO Outlook Pulse Survey.
"The COVID-19 vaccine rollout is providing leaders with a much-needed dose of optimism in preparation for the new reality. Unsurprisingly, however, CEOs want to be confident that their workforce is protected against this virus before making any major business decisions.
"We can see this in how CEOs are only anticipating returning to business as ‘normal’ in 2022,” Managing Partner of KPMG in Malaysia, Datuk Johan Idris said.
© 2021 KPMG PLT, a limited liability partnership established under Malaysian law 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.