This shows that in the management of companies there is a lack of risk analysis to anticipate possible scenarios, according to the publication prepared by the consultancy, which also indicates that, although companies in Mexico trust their resilience, put to the test Given the impact of the pandemic, it is necessary to take into account future fluctuations in value chains and a possible drop in manufacturing production rates in the United States, which would affect the country’s production and export levels, as relevant to its Gross Domestic Product.
“All of this remains on the radar of investors, for whom companies must combine two strategies: 1) the one that generates sustained profits and 2) the one that gives a higher long-term return,” said Gerardo Rojas, Leading Partner of Consulting. of KPMG in Mexico and Central America.
too much optimism
Looking ahead to the next 12 months, the people who run the companies expect the national and international economy to slow down in a short and moderate way, while, for the next three years, there is an 80% confidence in the growth of the economy of Mexico and 76% in the growth of their organization, so they prepare their companies by focusing on short- and medium-term initiatives that increase their resilience and competitiveness.
CEOs and their companies are focusing on digital transformation and technological development as the main strategy to move their business forward, seek growth, penetration into new markets, cost and expense improvements, automation and enhancement of artificial intelligence, according to with Víctor Esquivel General Managing Partner of KPMG in Mexico and Central America.
In Mexico, 74% agree that they have a competitive digital investment strategy designed to achieve pioneer or fast follower status. The concern of the companies in this regard could be due to the fact that they are not sufficiently prepared to take advantage of these possibilities, the study reveals.
Other issues that urge the company’s management is the management of the workforce and the reporting of ESG (Environmental, Social and Governance) principles, which are high priority issues on its agenda. They also point out that it is necessary to deepen actions such as investments in technology and attraction of talent with specific skills in environmental, social and corporate governance matters.