A people-first approach.

There was a recent EY statistic I read that said 78% of CEOs will look to conduct mergers and acquisitions (M&As) in countries geopolitically and economically aligned with their home country, this year. The report refers to this as “friendshoring”, a deglobalisation reaction to our post-pandemic challenges and uncertainties. It’s an interesting idea, in that it feeds directly into how businesses should approach any M&A in the first place. If you don’t minimize risk and ensure there is synergy between your products, people and customers, then the chances of that M&A succeeding diminish considerably.

By Neil Barua is President of the Service Lifecycle Management group at PTC.