English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

World moving from globalization to “multi-polar”

DAVOS, Switzerland: January 20, 2016. PwC says CEOs are most concerned about government over-regulation (79 percent) and geopolitical uncertainty (74 percent) according to its latest survey of over 1,400 individuals in more than 80 countries.

As a result CEOs are less positive about the global economy in 2016 with survey optimists declining 10 points to 27 percent this year, while the pessimists have grown in number from 17 percent to 23 percent overall.

According to Dennis Nally, chairman of PwC International, many CEOs are looking to “play things safe” with the U.S. and China offering the best prospects in 2016, with Germany and the U.K some way behind.

Respondents said they also see potential in India and Brazil in 2016 - despite the latter’s “political and economic struggles” - while CEOs have also noticed new opportunities in Mexico and the UAE.

PwC survey 2PwC thinks the world is shifting from globalization to one with many dimensions of power, growth and threats – a transition it calls “multi-polar”. It notes the majority of CEOs agreed, with 59 percent expecting multiple economic models in future, 75 percent anticipating increasing trade regionalization, 81 percent experiencing growing divergent systems of laws and liberties, and 83 percent predicting differing fundamental belief systems underpinning societies.

Accordingly, PwC expects customers increasingly will judge companies on how they live up to their own values for the greater good. Unilever is cited as an example of consumers choosing ethical and sustainable products and services, with the company’s ‘sustainable’ brand portfolio now half its total growth and expanding twice as fast as its other products.

“It’s just one of nine companies globally that generate a billion dollars or more in annual revenue from sustainable products or services. Indeed, in 2015 sales of consumer goods from brands with a demonstrated commitment to sustainability grew more than 4.0 percent globally, adds PwC.

Acknowledging this trend Denise Morrison, president and CEO of the Campbell Soup Company observed: “Purpose is something you carry in your heart, not something an ad agency makes up. So we pulled the company’s purpose out of our people’s hearts and manifested it in seven words: ‘Real food that matters for life’s moments.’ We validated those words with consumers and our employees. Consumers told us stories about how our brands really matter to them. That’s led to an umbrella over all of our brands, that purpose can encompass and motivate our people around why what we do every day matters.”

Ajay Banga, president and CEO of MasterCard U.S. added: “You’ve got to run a company for profit, you’ve got to run it for revenue growth, but you also have to run it to be around ten years from now doing the right things. That’s one of the biggest issues most CEOs face today.”

PwC concludes from its latest survey that CEOs are focusing on developing three core capabilities to ensure they will survive an increasingly complex social and business future: addressing greater expectations by stakeholders and customers; harnessing technology, innovation and talent to meet these expectations; and developing methods of measuring and communicating success.

News

Written on 28/04/2017, 19:13
amazon-3rd-party-fulfillment-revenue-up-34-percentSEATTLE: April 28, 2017. Amazon has reported net income of US$724 million on sales of US$35.71 billion for the first quarter of 2017. Results for the...
Written on 27/04/2017, 19:19
ai-to-feature-at-transport-logistic-in-munichMUNICH: April 27, 2017. A survey of German logistics executives says 70 percent of respondents are investigating the use of artificial intelligence...
Written on 27/04/2017, 17:28
hapag-lloyd-best-shipping-line-brandBERLIN: April 26, 2017. Readers of "Logistik Heute" magazine and a panel of experts from the German Logistics Association (BVL), have recognized...
Written on 27/04/2017, 15:54
british-brands-hit-by-brexitLONDON: April 27, 2017. Valuation and strategy consultant Brand Finance says British brands have lost 6.0 percent of their value since the Brexit vote...
Written on 25/04/2017, 22:01
fraport-gets-cargo-and-greece-gets-1-2-billionFRANKFURT AIRPORT: April 24, 2017. The Fraport 'Speed Gate' at CargoCity South, where pallets are unloaded at four automated gates, security checked...
Written on 24/04/2017, 20:30
bank-deal-opens-maritime-green-doorLUXEMBOURG: April 22, 2017. The European Union's non-profit European Investment Bank (EIB) has signed a €150 million loan agreement with Dutch bank ABN...
Written on 21/04/2017, 19:44
air-cargo-volumes-rise-as-yields-remain-a-challengeGENEVA: April 20, 2017. IATA reports a slowing of air cargo volumes to a 1.3 percent rise in the three months to February 2017, compared to 2.3 percent...
Written on 21/04/2017, 18:40
u-n-cuts-cost-of-air-fleet-and-food-distribution-timesNEW YORK, NY: April 21, 2017. The United Nations is to cut its aircraft fleet and limit passenger flights to essential travel only, after revealing the...
Written on 19/04/2017, 20:20
benefits-to-outweigh-gothenburg-dredging-billGOTHENBURG, Sweden: April 18, 2017. A report by the Swedish Transport Administration (STA) says the SEK4.0 billion cost of deepening the approach to the...
Written on 18/04/2017, 19:37
siemens-to-set-up-logistics-head-office-at-expo-2020-dubaiMUNICH: April 18, 2017. Siemens is to base its logistics business for airports, cargo infrastructure and ports in Dubai and will move its headquarters to...
Written on 18/04/2017, 14:18
abu-dhabi-ports-provides-free-humanitarian-warehouseABU DHABI: April 18, 2017. Abu Dhabi Ports is providing the Emirates Red Crescent Authority (ERC) with a 550 square meter warehouse in Zayed Port as part...
Written on 13/04/2017, 19:11
emirates-sky-cargo-lifts-america-s-cup-challengerDUBAI: April 13, 2017. Bookmakers are giving America's Cup challenger Emirates Team New Zealand 3:1 odds to win the sailing competition when racing ends...
Written on 13/04/2017, 16:05
blockchain-used-in-pharma-supply-chainBEIJING: April 11, 2017. IBM and China-based supply chain manager Sichuan Hejia have launched the 'Yijian Blockchain Technology Application System', a...
Written on 12/04/2017, 18:10
k-n-and-alibaba-to-leverage-btb-ecommerceSHANGHAI: April 12, 2017. Kuehne + Nagel and Alibaba.com, the B2B business arm of the Alibaba Group, are combining their respective capabilities to offer...
Written on 12/04/2017, 16:58
dedicated-freighter-for-swiss-pharma-exportsMADRID: April 12, 2017. IAG Cargo has officially launched a weekly freighter service between Basel and Madrid to feed its Latin America network with Swiss...
Written on 11/04/2017, 20:15
miami-boosts-airfreight-traffic-eight-percent-by-valueMIAMI: April 11, 2017. The U.S. Department of Commerce says air cargo traffic through Miami International Airport (MIA) rose eight percent by value last...
Written on 07/04/2017, 22:03
u-s-roads-worse-than-namibiaWASHINGTON, DC: April 07, 2017. Testifying before the U.S. Senate Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and...
Written on 07/04/2017, 20:29
lng-bunkering-arrives-at-jacksonvilleJACKSONVILLE, FL: April 07, 2017. BBC Chartering has delivered two 260-ton cryogenic liquefied natural gas (LNG) storage tanks for Crowley Maritime's new...
Written on 06/04/2017, 23:00
air-cargo-upturn-will-it-lastGENEVA: April 06, 2017. IATA reports a 12 percent rise in freight tonne-kilometers in February compared to the same month last year - almost four times...
Written on 06/04/2017, 21:59
t-pod-designed-to-replace-swedish-trucksSTOCKHOLM: April 6, 2017. Swedish technology designer Einride has created an electric, self-driving “cargo with wheels” vehicle called a ‘T-pod’ that can...

- powered by Quickchilli.com -