CEO survey: how pandemic changed the future
Experiences during the pandemic are driving companies to faster changes: business leaders expect half of their companies’ revenues five years from now to come from products, services, or businesses that do not yet exist.
Consultancy McKinsey says its resent research shows that business building is one of the top strategic priorities for organizations—double the share of recent years.
Of 350 senior executives surveyed, 91% are planning to maintain or increase investment in digital technology in the coming years.
More than half of respondents (compared with just over a quarter last year) said remote working has increased productivity compared with pre-pandemic levels.
“This boost is leading organizations to aspire to an average of 20% savings through optimizing real-estate portfolios.”
Parents are transforming the workplace in a way unlikely to please employers: by leaving it.
“Employers are wise to offer parents creative flexibility in how, when, and where they do their jobs. Employers can improve health equity by ensuring benefits are easy to access and understand, destigmatizing receiving care, and exploring benefits that help with basic needs such as housing and transportation.”
The company says CEOs face tough operational obstacles including difficulty in finding workers and an upward price spiral for goods.
“The prices for basic commodities including steel, semiconductors, and natural gas have risen, as have container-shipping costs. The need for decarbonization adds a long-term challenge to the total picture. To get ahead of operational difficulties, leaders can set up resilient, risk-tolerant supply-chain structures, double down on digitization (exhibit), and achieve real-time visibility and systematic responses to external developments.”
Some other recent research findings:
- Consumers are enthusiastic about micromobility with almost 70% stating that they were willing to use micromobility vehicles for their commute—though with lots of regional variability.
- Integrated evidence-generation plans (IEPs) are being developed by a handful of life-sciences companies. IEPs take into account the evidence needs of different functions and geographies across the life cycle of an asset, and then collaboratively determine how to meet them using a broad range of methods and data.
- UK is Europe’s leading biotech hub in breakthrough life-sciences start-ups. UK biotechs can continue transforming their global impact by leveraging their uniquely data-rich environment and increasing collaboration and collective growth.
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