Irish CEO Outlook 2017 | KPMG | IE

Irish CEOs see disruption as opportunity for their business, says KPMG

Irish CEOs see disruption as opportunity for business

A new survey by KPMG has found that the majority of Irish CEOs (90 per cent) see disruption as an opportunity, not a threat, to their business.

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A new survey by KPMG has found that the majority of Irish CEOs (90 per cent) see disruption as an opportunity, not a threat, to their business. While just four in ten Irish CEOs are confident about growth in the global economy, 84 per cent say they are confident about growth in the domestic economy and 93 per cent are confident of growth in their industry, according to KPMG’s CEO Outlook for 2017.

The study found that 60 per cent of Irish CEOs believe geopolitical uncertainties are having a greater impact on their business than previously seen. Separately, CEOs in the Republic of Ireland are significantly more optimistic about economic growth (84 per cent) than those in Northern Ireland (40 per cent). More positively, the number of Irish CEOs who expect to increase headcount over the next three years has also increased from 32 to 43 per cent.

Shaun Murphy, Managing Partner of KPMG said: “What is clear from this year’s survey is that many Irish CEOs are optimistic about the future of their own business, despite doubts about the global economy. From the uncertainty of Brexit, the threat of protectionism and the challenges of new technology, Irish CEOs are accustomed to risk and are using it to create new opportunities.”

Other findings

  • 97 per cent of Irish CEOs want their own business to be the ‘disruptor’ in their sector.
  • 73 per cent of Irish CEOs are increasing penetration in established markets, making this the top priority for growth with Germany (77 per cent) as the most targeted market.
  • 60 per cent of Irish CEOs believe that levels of trust in business will stay the same or decline in the next three years.

ENDS

For media queries, contact:

Paul Gray, Communications Manager, KPMG Ireland
paul.gray@kpmg.ie; (01) 700 4728
 

About KPMG in Ireland

KPMG in Ireland employs over 2,500 people across its audit, tax and advisory services from offices in Dublin, Belfast, Cork and Galway. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services.

About CEO Outlook 2017

The second annual CEO Outlook 2017 from KPMG measures the attitudes of more than 1,200 CEOs from across the world, including Ireland. CEOs gave their input on strategic planning and growth for businesses in an era of global change and fluctuation, with many companies now aiming to become the cause of disruption in their own sectors.

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