Taiwan’s CEOs consider regulatory concerns as biggest risks to operation

Regulatory concerns are among the biggest risks for Taiwan’s chief CEOs. In a report, KPMG Taiwan said 22% of local CEOs cite regulatory concerns as the biggest challenge to operations, followed by climate change (18%), new and disruptive technologies (16%), cybersecurity (12%), and geopolitical tensions (8%). KPMG Taiwan chairman Jeff Chen said that the COVID-19 pandemic and supply chain realignments have put pressure on Taiwanese enterprises. He added that COVID-19 restrictions in China and the Russia-Ukraine war have disrupted industrial production and labour deployment. The report said that local CEOs believe their company should give top priority to the diversification of manufacturing sites in the next three years, and increase production in Southeast Asia and Latin America.