Trends Identified
The increasing role of governments
Executives in Europe and North America are haunted by the perception of crippling public-debt levels: 54 and 61 percent, respectively, think that public-debt levels will have a "significant" or "severely negative" impact on GDP growth in their home markets. In contrast, 45 percent of respondents in China and 24 percent in India expect that the level of public debt will have a "positive" impact or "no impact" in their home markets.
2010
Five forces reshaping the global economy: McKinsey Global Survey results
McKinsey
Rethink: From crisis to cautious optimism
Confident in companies, tentative on recoveries CEOs are emerging from deeper cost-cutting than they expected last year. In last year’s survey, conducted as the financial crisis unfolded late in 2008, 26% of CEOs told us they expected headcount reductions over the next 12 months. A year later, close to half of respondents reported they cut jobs and at least 80% of CEOs in each region initiated cost reductions. In North America and Western Europe, close to a quarter of companies divested a business or exited a significant market. It is clear that few considered simply riding out the recession a viable response. ‘The crisis took us to a new place. It was a reset for our business’, said Angela F. Braly, President and CEO of US health insurer WellPoint Inc. They are now guardedly confident about generating revenue growth in the near term and they are decidedly more confident over a three-year time horizon. Indeed, over that time period, CEOs are about as confident of their revenue prospects as they have ever been in our survey. Of course, this may partly be a reflection of the depths to which demand had sunk.
2010
13th Annual global CEO Survey
PWC
Reshape: The post-crisis environment
Worst fears fail to materialise on regulations… yetRegulation is a perennial concern for CEOs. This year,how business leaders view regulatory issues has to be understood through the lens of ‘what might have been’at the start of 2009, when the uncertainty which hung over the financial system and by extension, the global economy,was so great. At that time, drastic measures to contain the crisis and preserve national economies were a realistic prospect. Massive bailouts ensued and with them,expectations of radical regulation to prevent another crisis.The alarmist scenarios of trade barriers and regulatory rewrites largely failed to materialise. Yet there remains asense that more regulatory change is inevitable. CEOs see little encouraging news on compliance costs. Regulatory burdens on corporations were not addressed during the downturn. In fact, in this year’s survey, more CEOs citeda lack of progress on cutting red tape than a year ago,67% to 57%. Only 2% of CEOs based in the US said the government has reduced regulations (see figure 2.1).Some governments are listening, at least when it comes to taxes. Our annual measure of the comparative ease of paying taxes in 183 countries found that 45 economies had reduced the tax burden on SMEs, or made it easier for them to pay taxes, in the year through 1 June 2009.4Yet, few CEOs believe that trend will continue.
2010
13th Annual global CEO Survey
PWC
Result: Adapting to compete
Short-term cost focus Despite widespread restructurings last year, many businesses remain committed to further cost-cutting. In an indication of the cost pressure they continue to face, 69% of CEOs we surveyed plan cost-reduction initiatives in the next 12 months, compared with the 88% who made cuts over the past year (see figure 3.1). Business leaders are also bracing for continued volatility. ‘Under the current situation, demand changes every day, and enterprises need to adapt rapidly. In fact, wide fluctuations in market conditions have become very normal and we must be ready to respond to a whole range of possible conditions: low market prices, strong demand, or no demand’, Huang Tianwen, President of China-based Sinosteel Corporation, told us.
2010
13th Annual global CEO Survey
PWC
Wearable Computer
Wearable computer is a body-borne computer that is worn by the user under, with, or on top of clothing. Wearable technology was initially applied in military uses, but can now be applied to various fields including fashion and logistics.
2010
KISTEP 10 Emerging Technologies 2010
South Korea, Korea Institute of S&T Evaluation and Planning (KISTEP)
3D Display
Three dimensional displays enable users to experience and interact with virtual images, increasing effectiveness of information delivery. The technology is currently used commercially in 3D movie theaters, and is expected to enter homes in the near future through glasses-free 3D displays and holographic TVs.
2010
KISTEP 10 Emerging Technologies 2010
South Korea, Korea Institute of S&T Evaluation and Planning (KISTEP)
Nursing Helper Robot
The nursing helper robot responds to the user’s needs based on behavioral and facial recognition. Equipped with artificial skin and tactile sensors, the nursing helper robot can work as mobility aids for patients, and assist in nursing
2010
KISTEP 10 Emerging Technologies 2010
South Korea, Korea Institute of S&T Evaluation and Planning (KISTEP)
Multi-purpose Vaccine
Multi-purpose vaccines prevent diseases caused by most variants of pathogenic bacteria and reduce the number of vaccinations a child receives. Identifying safe and effective antigens, and ensuring the stability of the vaccine is important. The technology uses DNA vaccines that target DNA sequences common in widely ranging pathogens.
2010
KISTEP 10 Emerging Technologies 2010
South Korea, Korea Institute of S&T Evaluation and Planning (KISTEP)
Gene Theraphy
Gene therapy involves the substitution of genes that cause diseases or insertion of therapeutic genes. Prior to implementation, the discovery of target genes, designing of delivery systems, securing stability of gene expression, and relevant ethical issues need to be addressed.
2010
KISTEP 10 Emerging Technologies 2010
South Korea, Korea Institute of S&T Evaluation and Planning (KISTEP)
Home Healthcare System
Home healthcare system is a healthcare service that collects biometric information at home and sends it to hospitals for diagnosis, and provides care in case of emergencies. As a fundamental technology for aging society, the home healthcare system can provide prescriptions for minor ailments or chronic conditions.
2010
KISTEP 10 Emerging Technologies 2010
South Korea, Korea Institute of S&T Evaluation and Planning (KISTEP)