全球资本信心晴雨表巴西亮点（英文版）_22页_638kb

Summary of the Global Capital Confidence Barometer (November 2016)

Core Content

The Global Capital Confidence Barometer (15th edition) from November 2016 highlights the evolving landscape of corporate strategy and dealmaking in a period of global economic and political uncertainty. Executives are increasingly turning to mergers, acquisitions, and alliances to drive growth and innovation, even as traditional sources of growth become less reliable.

Main Points

1. Dealmaking as a Strategic Imperative

• Companies are actively pursuing acquisitions to gain innovation, competitive advantage, and reshape their strategies.
• 57% of companies plan to make acquisitions in the next 12 months, signaling a near-record increase in M&A activity for 2017.
• The deal table is more diverse, with joint ventures (JVs), alliances, and partnerships being considered alongside traditional M&A.
• Smaller, more innovative deals are becoming the norm, especially targeting startups and tech innovators across various industries and geographies.

2. Global Economic and Political Uncertainty

• Despite a mixed global economic performance, 63% of executives see the global economy as stable or positive.
• Market volatility, currency fluctuations, and commodity price swings remain key risks.
• Political instability has become a major concern, with populist movements and nationalist policies impacting cross-border strategies and trade relationships.
• Geopolitical risks such as terrorism and territorial disputes are also rising, adding complexity to global business strategies.

3. Capital Market Outlook

• Executives remain moderately optimistic about capital markets, with 59% expecting stability or growth over the next 12 months.
• Concerns about credit availability are growing, with 37% of executives indicating declining confidence in this area.
• Equity valuations are viewed as stable by 53%, but uncertainty persists, especially in emerging markets.

4. Technology and Automation

• Technology is seen as a key driver of innovation and growth, with 51% of executives expecting it to create more jobs than it destroys.
• Automation is expected to improve productivity, but only 37% of companies have seen tangible results so far.
• Companies are reskilling their workforce to adapt to a more technology-driven environment, with 73% acknowledging a transformation in how people work.

5. Portfolio Optimization and Strategic Execution

• Active portfolio reorganization is a corporate imperative, with 68% of executives reorganizing to better capitalize on disruptive forces.
• Deal execution is improving due to better preparation, data analytics, and risk management.
• Smaller deal pipelines are becoming more common, with a focus on strategic augmentation rather than large-scale acquisitions.

6. Integration Challenges and Opportunities

• Customer retention and sales channel preservation are now as important as traditional integration issues like IT and operational synergies.
• Integration is increasingly complex due to sector convergence and cultural differences, especially when acquiring from different industries or tech-driven firms.
• Bespoke integration strategies are required to ensure successful outcomes and maximize value from acquisitions.

7. Sector Blurring and Cross-Sector Deals

• Companies are expanding into adjacent or unrelated industries, driven by competitive pressures and customer expectations.
• Cross-sector acquisitions are motivated by the need to gain new products, services, and capabilities.
• Talent acquisition is also a strategic driver, as companies seek expertise from outside their core sectors.

8. Expectations for 2017

• 91% of executives expect the M&A market to grow or remain stable in the next 12 months.
• The trend toward smaller, more targeted deals is expected to continue, with a focus on innovation and efficiency.
• Transaction analytics is playing a growing role in identifying growth opportunities and improving deal outcomes through data-driven insights.

Key Insights

• The global economy is undergoing significant transformation due to technological advances, sector convergence, and geopolitical uncertainty.
• Dealmaking is now a central part of corporate strategy, with a shift from large, traditional deals to more agile and targeted transactions.
• Political instability and regulatory challenges are becoming major factors in shaping M&A strategies.
• Technology and automation are reshaping employment and operational models, requiring companies to reskill and adapt.
• Integration success depends on a customer-centric approach, data analytics, and cultural alignment.

Strategic Drivers for Acquisitions

• Within the same sector: Future growth potential, new technology, and improving efficiency.
• Across sectors: Reacting to competition, acquiring new products/services, and gaining cross-sector expertise.

Conclusion

The 2016 Global Capital Confidence Barometer underscores a fundamental shift in how companies approach growth and innovation. With the deal table permanently reset, executives are focusing on strategic, data-driven acquisitions and robust integration processes to navigate a complex and uncertain global environment. The emphasis on technology, customer experience, and agility is reshaping corporate strategies and driving a new era of M&A activity.