20231212-KPMG_Global-KPMG_2023_CEO_Outlook_Asia_Pacific_29页_672kb

KPMG 2023 CEO Outlook: Asia Pacific Summary

I. Foreword

• Asia Pacific (ASPAC) executives exhibit tempered confidence in global economic prospects compared to global peers (63% vs 73% globally confident of growth), though 84% of energy firms in ASPAC remain sanguine about their growth outlook.
• Post-pandemic, ASPAC firms tend to be more conservative than their global counterparts, prioritizing a return to office (87% globally) to boost morale and productivity among staff, though 63% of ASPAC CEOs plan full remote work post-pandemic.
• Geopolitical tensions and climate change are perceived as major threats, while regulatory and tech risks have diminished in priority compared to last year.

II. Key Themes

1. Economic Outlook

• Diminished global growth outlook: A majority of ASPAC CEOs (77%) feel less optimistic than their global peers about the economic climate, citing higher rates and geopolitical headwinds.
• Maintenance of cautious growth expectations: While 63% express optimism about their company's prospects, many (18%) anticipate an 11% reduction in headcount, higher than the global average.

2. Talent

• Hybrid working models: Those returning to the office are often rewarded; 90% of executives in ASPAC are inclined to favor employees who work in-office for career advancements.

3. ESG

• ESG gaps persist across the region: Firms face challenges in meeting stakeholder expectations and integrating ESG strategies effectively (only 55% integrate fully compared to global).

4. Technology

• Generative AI as a strategic priority: AI is a top investment priority among 64% of ASPAC CEOs, yet 62% are wary of supply chain complexities and ethical issues that may inhibit or block its adoption.

III. Recommendations

• ESG: Align corporate strategy with external regulations; ensure ESG initiatives are truly integrated and not just symbolic.
• Talent: Cultivate collaborative workplaces; reinforce employee value propositions; consider flexible models but not atop all costs.

IV. Conclusion

• Navigating trade-offs while aggressively investing in AI and cybersecurity remains paramount for leaders in the Asia Pacific region in the wake of global headwinds.