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U.S. Retailers Bullish on Growth Prospects as M&A Activity Heats Up

U.S. Retailers Bullish on Growth Prospects as M&A Activity Heats Up

U.S. Retailers Bullish on Growth Prospects as M&A Activity Heats Up
July 09
13:29 2018
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In KPMG LLP’s latest CEO 2018 Outlook survey, the chief executive officers of U.S.-based consumer and retail companies said mergers and acquisitions, as well as third-party strategic deals, will drive growth over the next three years. Moreover, 83 percent of the U.S. ceo’s polled said they are “very confident” about the growth prospects of their companies — which compares to 54 percent of European ceo’s.
The bullish outlook by U.S. ceo’s coincides with efforts to “onboard new digital technologies” and step up efforts to improve the overall consumer experience, KPMG said in the report.
Researchers at the firm said 98 percent of the U.S. ceo’s polled “see technological disruption as an opportunity rather than a threat, and said they are keeping up with innovation (92 percent).” Still, respondents acknowledged “that various technology risks, including cyber, may hinder top-line and long-term growth.”
Cybersecurity and “disruptive technology” were identified as the top threats to business (each garnering 25 percent of respondents’ votes), followed by operational risk at 21 percent. And 90 percent of those surveyed said “protecting customer data is one of the most important responsibilities for their organizations in order to grow.”
Duleep Rodrigo, risk consulting industry leader, consumer and retail at KPMG, said risks such

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