Eighty-two % of worldwide CEOs in retail sectors are assured of their firm’s progress prospects, however solely 59% are optimistic in regards to the general worldwide financial system. That’s in keeping with KPMG’s 2024 “Shopper and Retail CEO Outlook” (PDF) launched in December 2024.
The report summarizes the outcomes of a KPMG survey of 1,325 CEOs between July 25 and August 29, 2024, throughout 11 key international markets and industries. All members represented organizations with annual income exceeding $500 million, with one-third reporting income over $10 billion.
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Based on the examine, the main challenges for retail CEOs in 2024 are financial uncertainty (58%), geopolitical complexities (53%), and generative AI integration (48%).
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As well as, when requested in regards to the traits that might hinder their organizations’ prosperity over the subsequent three years, 81% of retail CEOs recognized the price of residing, adopted by cyber crime at 79% and commerce regulation at 74%.
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Furthermore, 35% of surveyed CEOs ranked natural ways as their prime progress technique. Twenty-seven % recognized mergers and acquisitions.
