Die Presse
Das stille Sterben der Autoindustrie
Die Zahl der Neuwagenverkäufe ist niedrig, Autohersteller sparen. Das trifft vor allem kleine Unternehmen, die reihenweise in die Pleite schlittern, schreibt Die Presse. Albert Waas erläutert, warum gerade die zunehmende Elektrifizierung Zulieferer vor besonders große Herausforderungen stellt.
Khaleej Times
Resurging Tech Companies Supply and Demand in the Midst of COVID-19
As uncertainties persist due to the ongoing pandemic and economic volatility, companies need to increasingly take steps to ensure their continuity, BCG’s David Panhans writes in the Khaleej Times. He asserts that tech companies have a responsibility to ensure that governments remain responsive, businesses continue to be operational, and individuals stay connected. He explains that doing so requires companies to guarantee production stability and adapt to shifting demand. “The onus is on tech companies to continue acting swiftly and decisively,” Panhans says.
Trend
Mit Optimismus aus der Krise
Im Rahmen des Europäischen Forum Alpbach diskutiert Lukas Haider mit Alumnus und Austrian Airlines-Chef Alexis von Hoensbroech, Berndorf-AG-Hauptaktionär Norbert Zimmermann und KfW-Vorständin Ingrid Hengster, wie das Comeback nach der Coronakrise gelingt. Die Pandemie werde die Welt noch lange beschäftigen, doch die Zeichen stünden gut, dass bald wieder Optimismus einkehre, schreibt das Wirtschaftsmagazin trend.
Forbes Thailand
Thailand Management Association (TMA) Organizes a Conference on Surviving the COVID-19 Crisis
As we prepare for the future in the wake of COVID-19, leaders are focused on digital transformation and enhancing national competitive advantage to survive beyond the pandemic. In partnership with TMA, BCG leveraged the Digital Acceleration Framework (DAI) to assess where Thai companies are at on this journey. At the TMA Digital Transformation Forum & Excellence Awards, BCG’s Isada Hiranwiwatkul discusses the findings of this study and what is needed to accelerate the digital transformation of the Thai economy.
Forbes
Will the 3+2 “Hybrid” Workplace of Home and Office Become the New Norm for Business
According to a recent BCG survey, 60% of people who currently work remotely would like the flexibility regarding when and where they work to continue after the pandemic. In his recent Forbes column, BCG’s Grant Freeland writes that COVID-19 seems to have solidified the already growing flex-work trend and changed the nature of work forever. He says, “we have an exciting opportunity to reimagine work around the new remote reality.”
Der Standard
Kundenschwund in Bankfilialen
Die Coronakrise beschleunigt Kundenschwund in Bankfilialen. Viele nutzten während des Lockdowns erstmals Online- und Mobile-Banking – und werden dabei bleiben. Was das für Banken, Filialnetze und Mitarbeiter bedeutet, erklärt Lukas Haider im Interview mit der Tageszeitung Der Standard.
Financial Times
Second-Hand Luxury Reshapes the Industry
In the Financial Times, BCG’s Sarah Willersdorf discusses how the pandemic has accelerated growth in the second-hand luxury market. She states that the second-hand luxury market is experiencing a boost as the current economic cycle has reduced discretionary spending and driven a general shift in consumer sentiment. “People want to get the most for their money, and there is also a sustainability angle that is especially appealing to younger consumers,” Willersdorf explains.
Yahoo Finance
Businesses Must Rethink How Work Gets Done
According to BCG’s CEO, Rich Lesser, there will be significant uncertainty regarding the pandemic, possible vaccines, and the geopolitical climate heading into 2021. In an interview with Yahoo Finance, he explains that businesses will need to practice more scenario modeling and recognize that they must plan for a much wider range of change than they would in a typical year. Lesser says that risk management, resilience, and stronger supply chains are needed to prepare for a “much more uncertain world.”
CNN
BCG to Achieve Net-Zero Climate Impact by 2030
To celebrate BCG’s pledge to achieve net-zero climate impact by 2030, CEO Rich Lesser talks to CNN and the Financial Times about the actions BCG will take to reduce its climate footprint and neutralize its remaining climate impact. He explains that, as outlined in “BCG’s Net Zero Strategy,” the firm also intends to drive climate action by partnering with clients to help shape the global climate agenda. He describes BCG’s goals as reaffirming support for the crisis the world is facing.
Trend
Der digitale Wandel ist eine Chance
Neue Realität: Die Corona-Krise wirke wie ein digitaler Katalysator, sagt Lukas Haider im Interview mit trend. Er spricht über die Parallelen und Unterschiede zur Finanzkrise, welche Lehren von damals den Unternehmen jetzt helfen - und warum manche gestärkt aus der Krise hervorgehen werden.
Forbes
Culture Change Needed for LGBTQ Employees to “Feel at Home” at Work
In his column for Forbes, BCG’s Grant Freeland discusses how businesses can create a truly inclusive workplace. He states that companies must ensure that their policies and practices are inclusive, while also fostering a company culture where the informal interactions among employees are welcoming. Grant explains that an inclusive workplace stems from accepting coworkers as they are and “judging them on the basis of what they contribute to the greater good, not whether you approve or disapprove of the identity they embrace.”
9 News Sydney
Addressing Australia's Plastic Pollution Problem
Over 8 million tonnes of plastic ends up in the ocean each year, according to a recent report by BCG and the World Wildlife Fund. BCG’s Wendy Mackay joins 9 News Sydney to discuss how Australia can address its reliance on single-use plastics. She states that if the country doesn’t act fast, it will have more plastic than fish in the sea by 2050.
HBR.org
Taking Stock of the COVID-19 Recession
In their guest column for Harvard Business Review, BCG’s Philipp Carlsson-Szlezak, Paul Swartz, and Martin Reeves discuss the underlying dynamics of a pandemic-induced recession. The authors assert that a health emergency requiring restrictive public-health interventions creates a severe economic disruption, which must be bridged by economic policy. They believe that successful public-health interventions can reduce the cost, risk, and complexity of the needed economic policy response. They advise business leaders to pause and take stock, build resilience, and capture advantage in order to combat the recession
Financial Express
Post-Pandemic Banking: What Should We Do with PSBs Post COVID?
In his guest column for Financial Express, BCG’s Janmejaya Sinha outlines a new ownership model for Indian public-sector banks that he believes will soften the economic impact caused by the pandemic. He asserts that the best option is for the government to become the single largest owner of nationalized banks instead of being a majority owner. He writes that such a model could “marry the stability of government ownership with the dynamic pressure of market forces seeking efficiency and profitability.”
The Edge Singapore
National commitment to digital success is needed to thrive in new normal
With COVID-19, many things have changed, but not the importance of digital in helping secure a company’s future. Multiple shocks have thrown into sharp focus the need for higher organizational resilience, and the urgency for leaders to embrace digital transformation. In a guest column for The Edge Singapore, BCG’s Tarandeep Singh and Anand Chawra discuss what needs to be done for Singaporean businesses to adapt to the new reality.