Confidence or complacency? | KPMG | GLOBAL

Confidence or complacency?

Confidence or complacency?

How do Latin American CEOs think differently about the world they work in? KPMG’s 2017 CEO Outlook survey shows that compared to the global average, Latin American CEOs are more bullish on their countries’ short-term prospects, less likely to expect disruption or business transformation, less concerned with cyber security and less likely to see personal self-understanding as a key success factor.

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Every year, KPMG surveys CEOs around the world to assess their attitudes to technology and confidence in their economic prospects, to find out which issues are having the biggest impact on their agendas. Here, we look more closely at CEOs in Latin America, drawing insights from 271 interviews with CEOs in 17 countries across the region. Four broad themes emerge:

  1. Latin American CEOs are relatively confident about the outlook for their companies and countries, especially over the short term. They are, however, slightly more concerned about the outlook globally and the potential impact it may have on Latin America.
  2. They are strikingly less concerned about technological disruption than the global average. While many acknowledge the potential for technology — apps, aggregators, artificial intelligence — to disrupt traditional business models, most do not expect it to upend their organizations in the short or medium term.
  3. They do not view cyber security as a similarly significant concern as do their global counterparts. Nevertheless, recent global attacks may have created a new sense of urgency on this matter.
  4. They share a growing awareness of the need for business leaders to upgrade or expand their base of skills to deal with emerging challenges and technology.

Participating countries: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, Uruguay and Venezuela.

Download the PDF (PDF 2 MB) to learn more about how Latin American CEOs are thinking differently about the world they work in.

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