CEO pessimism is at an historic high – firms will fail if they do not transform
, a challenging labour market, and supply chain issues. Our survey shows that CEOs are spending just roughly 20 per cent of their time on evolving their business and strategy to meet future demands.
This is about being aggressive in leveraging artificial intelligence, cloud and other disruptive technologies to meet evolving customer needs and fend off both traditional and non-traditional competitors. The good news is that in our survey, 66 per cent of Canadian CEOs indicated they are planning meaningful investments in the above-mentioned technologies. Many say that investing in relevant talent is also a priority. But most of the CEOs I meet with are also concerned about having access to labour and skills that will help them make the most of their transformation plans.
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