11/04/2020 – Santa Clara, California | Global CEOs’ attitudes and priorities have changed during this period of unprecedented disruption due to COVID-19. Our global Technology Industry CEO Outlook reveals how tech leaders have evolved their strategies since the onset of the disruption.
KPMG initially surveyed CEOs in January and February of 2020, before many key markets felt the full impact of the virus. In July and August, we conducted a follow-up survey to understand how CEO thinking evolved over the ensuing months. Key findings include the following:
- Eighty-nine percent of global technology company CEOs say the progress of their digital transformation has accelerated by months and even years.
- Even while the focus of ESG (Environmental, Social, and Governance) practices has recently shifted toward the social component, 57 percent of global tech leaders believe managing climate-related risks will be a key factor in keeping their jobs.
- Only 24 percent of technology company executives have a roadmap to close the gaps in their supply chain that COVID-19 has exposed.
- Talent risk is now a top obstacle to growth, after barely registering as a threat at the beginning of 2020.