The KPMG 2021 CEO Outlook has found that 59 percent of CEOs in Asia Pacific (ASPAC) are now more confident about global economic recovery compared to earlier this year. However, they are also increasingly concerned about the risk to their supply chains.
"Pre-pandemic, risks to the supply chain had been steadily gaining attention due to increasing volatility from trade tensions and climate-driven events but were still considered a low priority for CEOs. However, the pandemic brought this issue into sharper focus as organisations struggled to maintain supply chain continuity during worldwide lockdowns," said Datuk Johan Idris, Managing Partner of KPMG in Malaysia.
Other findings include that 70 per cent of CEOs faced increased demands from stakeholders for more reporting and transparency on environmental, social, and governance (ESG) issues.
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