CEOs: Next 3 years more important than last 50

A significant majority of Irish chief executives believe the next three years will be more important for their industry than the previous 50 as they struggle to keep pace with rapidly-changing work environments.

Some 64% of Irish business leaders believe the coming three years will be more critical for their industry than the preceding half century while more than a third expect their company to transform into an entirely different entity between now and 2019.

Commenting on the findings, KPMG Ireland managing partner Shaun Murphy said: “The research shows that Irish CEOs, in keeping with their global peers, believe the companies they lead are likely to be significantly transformed in the medium term.

“As a result of this constant and increasing rate of change, Irish CEOs are reviewing strategies, focussing on skill sets and revaluating opportunities for alliances.”

Confidence in the Irish economy is middling with 44% of CEOs optimistic about its growth prospects over the next 12 months, while 48% expressed confidence in the global economy.

The KPMG Irish CEO Outlook 2016 also found varying degrees of concern over the impact of Brexit, with 48% expecting it to have no impact; 32% seeing the UK’s decision as negative; and 20% considering it to be somewhat positive.

Meanwhile, research carried out by Deloitte revealed an 18% year-on-year increase in corporate insolvencies in Q3 2016.

In total, 255 corporate insolvencies were recorded in the quarter with the services sector the worst afflicted so far this year with 220 insolvencies — a 104% increase on the same period last year.


Ovarian cancer has been dubbed ‘the silent killer’. Christina Henry tells Rowena Walsh why she is one of the lucky onesAgeing with attitude: Life after ovarian cancer

As almost a father of two, Donal Skehan has realised that in order to survive with young children, quick and easy meals are key, writes Ciara McDonnell.Donal Skehan's newest recipes are quick and easy

Jamie Oliver is on a mission to get everyone eating more vegetables with the release of his new book, Veg.A selection of recipes from Jamie Oliver's new book Veg

More From The Irish Examiner