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Demographics look set to cause a serious leadership crunch in the decade ahead, writes Claudio Fernández-Aráoz, a Senior Adviser at Egon Zehnder International, in BusinessWeek. Surveys conducted by Egon Zehnder International suggest that most corporations will have just half the core leadership talent that they require by 2015. The talent shortage will heighten competition between companies, particularly in regions with rapidly expanding economies like Asia, adds Fernández-Aráoz. And the best talent will follow economic power, predicts the author of Great People Decisions. In the global war for talent Western nations may struggle to hold onto top performers as a result. To stay competitive companies will have to identify internal talent earlier and develop it faster in the future, Fernández-Aráoz concludes.