Peter Bendor-Samuel, CEO of Everest Group, said, “I wonder if the industry deceleration we have been forecasting is catching them by surprise and they are getting feedback from the market that their original forecast is badly off. They may also be looking for a way to tell a better story given these challenging times. Another contributing factor to the uncertainty could be the pause in globalisation that is occurring as signalled by the new administration in the US and Brexit and they need more time to watch how this plays out.”
