Financial Times
Fine Jewelry Elevates Fashion Brands
BCG’s Sarah Willersdorf tells the Financial Times “fine jewelry collections can help elevate [fashion] brands.” Such collections can lead the way to increase sales to wealthy customers, she explains, citing BCG research which found that branded jewelry has accounted for 30% of the €90 billion total luxury market in 2019.
The Hindustan Times
Visualizing Tech Education of the Future
“It is time for us to embrace cutting-edge interdisciplinary programs in mainstream [tech] education,” BCG’s Neeraj Aggarwal and Pallavi Jain write in the Hindustan Times. They outline how such interdisciplinary programs can help build future tech leaders who are creative, entrepreneurial, and socially conscious, and who possess the right tools to tackle the world’s greatest challenges.
Fortune
How AI-Powered Companies Dodged the Worst Damage from COVID
Artificial Intelligence will be critical in helping companies manage chronic uncertainty, asserts BCG’s François Candelon in his op-ed for Fortune. He outlines the ways in which companies that are ahead of the curve in their use of AI minimize costs and maximize revenue. Candelon also posits that while humans will play a key role in all AI-driven execution, having employees reimagine themselves working in tandem with AI is the only way for companies to “win the post-pandemic future.”
The Edge Malaysia
Malaysia’s Renewable Energy Opportunity
Asia-Pacific is expected to attract $3.7 trillion in renewable-energy investments by 2040 – more than the investment commitments in North America and Europe combined. In The Edge Malaysia, BCG’s Dave Sivaprasad and Priyanshu Kumbhare write that green energy presents new opportunities for Malaysia in particular. Sivaprasad and Kumbhare explain that Malaysia’s rollout of renewable energy will create new jobs and open new business opportunities for the country.
Forbes
Deep Tech: 30,000 Startups Can’t Be Wrong (And Some Will Change Our Lives)
In her column for Forbes, BCG’s Deborah Lovich asserts that deep tech is going to change our lives. She says “patience is needed; you need to think long term,” and suggests the kinds of questions leaders of large companies should be asking themselves now to prepare. Lovich shares that deep tech also has the potential to disrupt existing industries and crush businesses that are unable to adapt. She believes that senior leaders must keep this in mind as they evaluate the emerging landscape.
The Sunday Times
Business Travelers Opt for Eco-Friendly Alternatives
In The Sunday Times of London, BCG’s Mai-Britt Poulsen outlines BCG’s pledge to cut emissions from business travel in accordance with the firm’s goal to reach net zero by 2030. As part of its commitment to combat climate change, she explains, BCG is piloting an initiative that highlights the carbon footprint of travel and provides more environmentally friendly alternatives for staff. Poulsen says the process was designed to “create transparency and awareness and then generate discussions as to what we actually need to change to meet our target.”
The Guardian
‘Peak Meat’ by 2025 for Europe and the US
A new BCG report, produced in collaboration with Blue Horizon, found that “alternative proteins will capture 11% of the global protein market by 2035.” BCG’s Decker Walker tells The Guardian that the US and Europe may reach “peak meat” in 2025, after which the consumption of meat will decline due to the fast growth of plant-based alternatives. Walker believes the world is already at such a point where meat consumption is falling for the first time in history.
The Australian
The Future of Work in the Era of AI
According to a BCG report on the future of work in the era of AI, the Australian economy will likely face a shortage of more than a half-million workers across critical sectors by 2030 and “huge economic disruption.” BCG’s Miguel Carrasco tells The Australian that demonstrated policy measures are “needed to help workers transition away from the impacted industries.” He believes that digital literacy and education reform can create transformative changes and a more adaptive Australian workforce.
Bangkok Post
Investment and Innovation in Thai Renewable Energy
BCG’s Aman Modi and Marko Lackovic write in the Bangkok Post that population growth, strong economic performance, and significant market potential will increase Asia Pacific’s renewable energy capacity by two terawatts over the next decade. They reference a BCG report that explores this substantial growth potential and the reasons why Thailand is positioned to lead. They write “with greater liberalization and supportive tweaks to the landscape,” Thailand can unlock a new future of renewable power investment.
Yahoo Finance
Business Leaders Must Encourage Vaccinations
BCG CEO Rich Lesser joins Yahoo Finance to discuss the latest updates on the rollout of COVID-19 vaccines and its impact on businesses. He emphasizes the importance of business leaders doing everything possible to encourage people to get vaccinated quickly. He also details the importance of effective management during this complex period of workers returning to the office. Lesser says that “many businesses will be doing everything they can to educate, to encourage, and to incent their colleagues to get vaccinated.”
Khaleej Times
UAE is a Leader in Creating Inclusive Societies for Women
BCG’s Maya El Hachem tells the Khaleej Times that all stakeholders have a role to play in advancing gender balance and women’s empowerment in the workplace. She details the ways in which women themselves, the private sector, and governments can introduce measures for improvement. El Hachem explains that the UAE is a great example of how all these stakeholders are coming together, especially senior Emirati women, who are serving as role models.
HuffPost Canada
BCG Survey Reveals New Top Destination for People Moving for Work
Canada has replaced the US as the most desirable location for migrants moving for work, according to a BCG survey. The survey found that countries that managed COVID-19 outbreaks more effectively rose in popularity as desirable working locations. In HuffPost Canada, BCG’s Rainer Strack explains that the survey also revealed that fewer people are willing to relocate for work. He says, “with the rise of remote working, many may feel that they can further their careers virtually, without needing to move at all.”
Forbes
The Many Benefits of Employees Designing the Future of Work
In her column for Forbes, BCG’s Deborah Lovich writes that while employers can’t solve most problems caused by the pandemic, “they can (and should) do more to help employees deal with the emotional side-effects.” She cites a BCG survey that revealed a positive relationship between better mental health and increased productivity. Lovich proposes that one way to bolster employee happiness is to give them a chance to help shape the future of work, thus providing them a sense of agency which will ultimately benefit both their organizations and their overall health.
Forbes
You May Be Tired of ‘Agile,’ but it’s the Only Way to Make Hybrid Work
In her column for Forbes, BCG’s Deborah Lovich writes that the only way for businesses to succeed in hybrid work is to use agile strategies. She quotes a BCG article which says “companies that had deployed at least two agile practices were 40% more likely to report an increase in productivity.” Companies that had already implemented agile practices prior to the global shutdown were able to quickly pivot to crisis mode, Lovich says, and thus were more successful in persevering through the pandemic.
Hindustan Times
In a Post-COVID World, a New Toolkit for Governments
In his coauthored guest column in the Hindustan Times, BCG’s Arindam Bhattacharya writes that traditional, “physical” supply chains do not possess all the capabilities to solve customer needs. He asserts that the post-COVID world presents a major opportunity for India to build a competitive position in new global digital value chains. However, policies involving infrastructure, regulatory costs, and innovation capability will not suffice. Bhattacharya explains that governments should instead pursue digital solutions to better serve the needs of their people in the 21st century. He believes the best areas of focus for India lie in building “an equally competitive data and digital infrastructure, AI/machine learning (ML) capabilities, with supportive policies on data-sharing and privacy.”
