CEOs say that building strategic alliances with third parties is the #1 strategy to help them reach growth targets in the next 3 years. (survey of 1,325 CEOs)
This is the finding of the survey for 2022 CEO Outlook conducted a few months ago by KPMG.
đŻ Partnerships are considered to be more important even compared with internally generated organic growth driven by R&D, innovations and new product development.
If you add to partnerships, M&A and JV, boosting growth by collaboration with partners now occupies a disproportionate mindshare of global leaders. Almost half (48%) believe that these strategies are important for achieving growth.
The trend is also upwards from 1y ago, as 71% CEOs view partnerships as an important means to continue the pace of their digital transformation (vs 59% in Feb â22).
đ Partnerships are helping bring agility and resilience to growth as 9 out of 10 CEOs anticipate challenges in the shorter term.
86% believe a recession will happen over the next 12 months
but the mid-term outlook is much brighter
58% feel a recession will be mild and short
71% believe that in 3yrs we will see global economic growth