King & Wood Mallesons has today released its 2023 Directions Report. The report uncovers what is top of mind for Australian directors and senior business leaders.
Commenting on the report, Partner, Meredith Paynter said:
“The report finds that many Australian businesses are currently at an inflection point. Organisations are either driving into opportunities for profitable growth and investing in new business models, or striving to manage cost pressures and risk, deferring investment and capital allocation decisions and generally ‘hunkering down’.”
The Directions Report reflects the results of our 2023 Directions Survey which was conducted in June 2023, against a backdrop of stubborn inflation, successive rounds of interest rate rises, and ongoing geo-political tensions continuing to impact trade, investment flows and commodity prices.
Further commenting on the report, Partner, Rhys Casey said:
“This year, opportunity is in the eye of the beholder - many directors and senior business leaders are asking themselves whether now is the time to invest, or hold out in the hope that conditions improve. It therefore comes as no surprise that some businesses are swimming ahead of the pack, while others are just trying to keep their head above water.”
The Report also explores attitudes to the adoption of generative AI and the collection of data, the management of ESG issues in the current environment (including the hardened regulatory posture) and key areas for reform.
You can access a copy of the 2023 Directions Report here.
The 2023 Directions Report is KWM’s 13th consecutive report that uncovers what is ‘top of mind’ for Australian directors and senior business leaders.
