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KPMG Industrial Manufacturing CEO Outlook

CEOs keenly focused on transformations around digitization and ESG

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Facing a low-growth environment, industrial manufacturing CEOs remain keenly focused on the twin transformations underway around digitization and ESG. According to a recent survey of 175 industrial manufacturing CEOs globally, chief executives see digitization as key to driving growth and view ESG as both a talent driver and a factor that will influence their future cost of capital.


Despite economic challenges, valuations for robust industrial manufacturing companies remained elevated and a large proportion of global industrial manufacturing stocks hit all-time highs in the fall. And now CEOs need to find ways to continue to create shareholder value from this high base. Embracing fundamental changes and pursuing transformational initiatives will be crucial for helping to drive continued growth and create shareholder value.

Stéphane Souchet

Global Head of Industrial Manufacturing

KPMG International

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The survey also suggests that portfolio reshuffling is expected to gain momentum in the market as players seek to focus on core strengths and divest assets that no longer support their long-term strategy. An uptick in deal activity is likely.

While there may be a cohort that could face significant challenges, those able to emerge from the three recent global crises (a health crisis, a geopolitical crisis and an inflation crisis) should find themselves in a strong position to achieve outpaced growth.

Download the report to find out what is on the agenda for industrial manufacturing CEOs in 2024.


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Stéphane Souchet

Global Head of Industrial Manufacturing

KPMG International

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