THE BIGGEST CHANGE

When PWC asked CEOs what’s the biggest change they’ve seen over the last 20 years, the answer was one word: technology.

“Forty one percent of our CEOs felt their industry has been completely reshaped by technology in the last five years alone and 38 percent think their industry will be completely reshaped again in the next five years. None of our CEOs thought their industry would emerge from the next five years unchanged by technology.”

New Zealand’s CEOs are also aware that this change won’t be slowing any time soon. When PWC asked how worried CEOs were about the speed of technological change, 44 percent said they were extremely concerned, while 41 percent were somewhat worried. “That’s a marked difference with the UK, USA and Australia, where leaders were much less concerned about this pace of change. Only in China were the numbers similar to those we recorded in New Zealand.”