Home / Knowledge / News / Textiles / US consumer goods, retail CEOs more positive about growth
US consumer goods, retail CEOs more positive about growth
Sep '17
About 95 per cent of US consumer goods and retail CEOs are confident about the growth outlook for the global economy, the industry and their companies for the next three years despite potential technological risks, according to a survey by US audit, tax, and advisory firm KPMG. Such CEOs in other parts of the world do not share the same optimism.

The KPMG survey covered 41 CEOs of US firms and 134 from global consumer goods and retail firms on various topics, including growth, corporate strategy, disruption and risk, according to a company press release.

Sixty-eight per cent of US CEOs are concerned about not leveraging digital means to effectively connect with customers, while only 33 per cent of their global peers think similarly. Two-thirds of the US CEOs agree that technological innovation is likely to disrupt the sector in the next three years, weakening or eliminating many traditional players. To address these concerns, US CEOs will heavily invest in physical and digital infrastructure.

Fifty-six per cent of US CEOs cited cognitive technologies, including artificial intelligence and machine learning, and 41 per cent selected Internet of Things as the most significant areas. Twenty-nine per cent of these CEOs feel the need to re-skill their current workforce and attract new strategic talent to meet their organizations' technology challenges in the next three years. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Davide Vigano

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search