A recent KMPG CEO Outlook survey finds that executives are optimistic about the future of their business despite a sluggish “return to normalcy.”
According to the survey of over 1,300 CEOs around the world, 60% stated they are confident about the growth of the global economy over the next three years.
Because of this confidence, 69% of senior executives plan to invest into inorganic methods, such as joint ventures, to expand and transform their business. Even more, a whopping 87% said they would seek to make acquisitions over the next three years.
Additionally, one-fifth of respondents stated they would be cutting down or have already downsized their office footprint, which is down from the 69% who stated they would downsize their space in August of 2020.
Still, CEOs said they would still be focusing on more flexible options for their employees. In fact, 51% of respondents said they would be investing into shared offices and 37% stated they are adopting a hybrid work model.
The survey also found that companies are adjusting their social strategies moving forward too. Over one-quarter of CEOs said they are concerned about not meeting climate goals and how this could impact the public market investing into their business.