Arab News
The Future of Talent Outsourcing in the UAE
In Arab News, BCG’s Leila Hoteit outlines how the United Arab Emirates is becoming a strategic hub for job outsourcing as a result of its business-friendly environment and growing economy. According to a BCG study, the job outsourcing market in the UAE is expected to hit $6.8 billion by the end of 2023. Hoteit says the country is diversifying its economy to ensure its prominence as a hotspot for job outsourcing.
The Hindu Business Line
How India Can Build Its Share in the Global Supply Chain
In an interview with The Hindu Business Line, BCG’s Nikolaus Lang says that India is poised for significant growth if the country confronts the challenges faced by its business systems and infrastructure. India’s geopolitical improvements and size have made the country a strong alternative in the global supply chain, says Lang. But the country must seek the right talent, port infrastructure, and trade regulations to increase its share in the global supply chain.
Vox
Building Stakeholder Trust in AI
Commenting in Vox, BCG’s Julia Dhar discusses how the slow implementation of artificial intelligence in the workplace serves as an opportunity to ensure AI is beneficial to both companies and workers. She also asserts, “We’ve talked about trustworthy AI, but we have talked hardly at all about trust between employers and employees, and how this could be a trust-building opportunity rather than a trust-destroying opportunity.”
Forbes
How Manufacturing Technology Can Benefit Workers
Writing in Forbes, BCG’s Deborah Lovich discusses the benefits that workers can draw from a fully automated workplace, including improved work-life balance and flexibility. In the short term, remote meetings and shift scheduling can be facilitated through technology, says Lovich. And while a fully automated workplace won’t happen overnight, the factory of the future will be controlled by its “digital twin”—a smart digital replica of what happens in a plant based on massive amounts of data collected by sensors—while upskilled employees monitor and oversee factory functions remotely.
Sky News
Why UK Businesses Are Retaining Workers
In an interview with Sky News, BCG’s Raoul Ruparel discusses how talent shortages have contributed to high wage growth in the United Kingdom. According to a BCG survey of over 1,500 UK business leaders, 77% of executives said they expect to grow their workforce or keep it the same over the next year. Company leaders believe any potential economic downtown will be mild, says Ruparel, so they have been unwilling to lay off skilled workers.
Vogue Business
Why Luxury Fashion Brands Are Rethinking Their Sustainability Teams
Commenting in Vogue Business, BCG’s Jocelyn Wilkinson discusses how luxury fashion brands are now prioritizing sustainability in their C-Suites. She says that brands are giving the topic an executive direct line by reinventing sustainability teams to report directly to company leadership. “The head of sustainability needs leverage and influence within the organization,” Wilkinson says. “So their manager should be the CEO or CEO minus one.”
Trend
The Future of Azerbaijan’s Green Hydrogen Economy
Commenting in Trend, BCG’s Vladimir Rogov says that Azerbaijan is well positioned to be a major player in green hydrogen production. He explains how the country’s high solar generation potential and cost-effective pipeline networks could ensure a strong competitive advantage for the country. As a result, Rogov predicts that Azerbaijan could earn an estimated $230 million–$500 million in revenue per year from hydrogen exports.
The Jakarta Post
Ten Ideas to Turn Indonesia’s Decade of Progress into a Century of Prosperity
Writing in The Jakarta Post, BCG’s Haikal Siregar and Verra Wijaya outline Indonesia’s ambitious Visi Indonesia Emas 2045 plan, which aims to improve the country’s economy and reduce poverty rates. The authors discuss key priorities, including a shift towards green energy and investments in the digital economy. “Indonesia has beaten the odds and made incredible progress this past decade,” they write. “For this to continue in the century ahead, Indonesia needs to set the right priorities to achieve it.”
Fortune
What’s Missing from Your Company’s AI Transformation Is a Transformer
Writing in Fortune, BCG’s François Candelon, Rémi Lanne, and Clément Dumas explain why some businesses are turning to AI transformers—they provide access to custom technology and support for talent, training, and change management. But many companies remain hesitant about working with AI startups. “For industry incumbents to get more out of AI, they need to change their mindset and their behaviors to allow for meaningful collaboration with transformers,” the authors write.
Politico
What Does the Future of Tech Look Like?
In an interview with Politico, BCG’s François Candelon discusses the future of technology and how advancements in the sector will require collaboration from all stakeholders. Technology has the ability to alter global power dynamics, Candelon says. As a result, it is critical that companies and governments come together to coordinate and improve the tech landscape.
The Economic Times
The Changing Online Shopping Landscape in India
Commenting in The Economic Times, BCG’s Parul Bajaj discusses the rapid growth of India’s online consumption in sectors such as fashion and beauty. According to a BCG report, shoppers in India will spend $140 billion–$160 billion online by 2025. Bajaj says increasing affluence in the country over the next few years will lead consumers to spend more on discretionary expenses.
CNN Business
Addressing Generative AI’s Privacy Risks
In CNN Business, BCG’s Steven Mills outlines how the widespread adoption of generative AI has created data privacy concerns among companies and regulators. With employees utilizing generative AI to perform day-to-day tasks, companies are at risk of inadvertently disclosing sensitive information. “My view of it right now is you should not put anything into these tools you don’t want to assume is going to be shared with others,” Mills says.
Reuters
How Geopolitical Factors Are Reshaping Global Trade
Commenting in Reuters, BCG’s Marc Gilbert discusses how countries will need to consider geopolitical scenarios when reviewing their capital allocation and strategic planning. A decade of stagnant global trade growth and severed energy ties will entice countries to find new trading partners. “Geopolitical planning was for years a side issue in government relations departments—now it’s in the C-suite,” Gilbert says.
Harvard Business Review
Companies Are Failing Trans Employees
Writing in Harvard Business Review, BCG’s Pierre Dupreelle, Michael Schachtner, Nadjia Yousif, Annika Zawadzki, and Kushal Khandhar outline strategies to create an inclusive workplace culture for transgender and gender nonconforming (TGNC) employees. According to a BCG survey, about 60% of TGNC employees reported 10 or more negative work experiences last year related to their gender identity or expression. The authors note that CEOs, HR departments, and managers, in particular, play a crucial role in ensuring a safe workplace environment for all employees.
Fortune
Why CEOs Remain Optimistic About Decarbonization
Commenting in Fortune, BCG’s CEO Christoph Schweizer and BCG’s Thomas Baker discuss why CEOs remain bullish about decarbonization. They note the massive market opportunity for decarbonization, as well as the challenges leaders may face in their net-zero efforts, from talent shortages to the slow pace of clean energy initiatives. “It is not about cost and competitiveness or climate, but we would say, use climate to achieve both,” Schweizer says.