BCG in the News

903 Results

    Hindustan Times

    How the Budget Can Spur India’s Energy Transition

    Writing in the Hindustan Times, BCG’s Janmejaya Sinha and Kaustubh Verma share critical steps that India can take in the financial and economic sectors to advance the country’s clean energy transition. India’s budget should take into account energy projects that reduce emissions and phase out inefficient subsidies, such as priority lending to the renewable energy sector and increasing the nation’s share of nuclear power. The authors assert that through the Union Budget, India could fully embrace the energy transition to help achieve its net-zero goals.

    Fortune

    A Soft Landing Is Playing Out—but Optimism Needs to Be for the Right Reasons

    In Fortune, BCG’s Philipp Carlsson-Szlezak and Paul Swartz discuss the “soft-landing optimism” that has replaced the more cynical whispers of an impending recession. They explain that the hiring slowdown, return of labor supply, and decline of labor hoarding are the primary reasons for this shift in sentiment. “Against the odds,” write Carlsson-Szlezak and Swartz, “we’re moving toward a soft landing, and we would not be surprised if 2023 ends with the labor market still strong and wage growth eases.”

    The Straits Times

    BCG’s CEO on the Firm’s Growth and Priorities for 2023

    In an exclusive conversation with The Straits Times of Singapore, BCG CEO Christoph Schweizer explains how the firm is strengthening its offerings in areas of AI, digital transformation, and sustainability. A 25-year BCG veteran, he discusses the consulting industry’s growing focus on information and data analytics and outlines his goal to make BCG the employer of choice. Reflecting on the firm’s growth, Schweizer says, “Our big question is: How big do we want to get? The market is huge, and there are a lot of problems out there we can contribute to resolving.”

    Fortune

    How AI Can Aid—Not Hurt—HR Departments

    In Fortune, BCG’s Julia Dhar explains how artificial intelligence can be used as a tool by human resource professionals. She asserts that AI technology like ChatGPT can be trusted to take on tasks that are high volume but still relatively complex, such as writing job descriptions and company policies. Instead of fearing AI’s possible workforce takeover, Dhar says: “The right way to think about [ChatGPT] is as a trusted colleague or counterpart in the organization.”

    Australian Financial Review

    How Luxury Brands Are Revamping the VIP Experience

    In the Australian Financial Review, BCG’s Sarah Willersdorf describes how luxury brands are rethinking the way they retain VIP customers as a potential recession looms. As brands turn to top clients to drive revenue, Willersdorf says that investing in exclusive events, private transportation, and couture fashion shows, among other unique experiences, is key to improving engagement and the bottom line.

    Forbes

    In 2023, Let Us Not Bury Tech Too Fast...

    In his Forbes column, Sylvain Duranton, global leader of BCG X, explains why the tech sector is poised for growth in 2023 despite recent weak earnings performance and industry-wide layoffs. According to BCG research, 60% of global executives want to increase their investments in digital technology and AI. Since companies that invest in AI and digital outperform their peers in times of volatility and uncertainty, Duranton argues that now is the time to double down on digital transformation efforts.

    Yahoo Finance

    Optimism Takes Center Stage at Davos

    In an interview with Yahoo Finance, BCG’s Global Chair Rich Lesser reveals the optimistic attitudes of the attendees of the World Economic Forum’s annual meeting in Davos, Switzerland, regarding the potential economic recession. CEOs face a challenging world, says Lesser, with geopolitical tensions, technological advancements, and changes in global trade at the forefront. “I think it puts a premium on resilience, a premium on agility—a requirement to make investments that allow one to navigate those new sources of data faster,” he says.

    BQ Prime

    Southeast Asia’s Promising Future

    In conversation with BQ Prime at the World Economic Forum’s annual meeting in Davos, Switzerland, BCG’s Neeraj Aggarwal describes how Southeast Asian nations have the opportunity to grow amongst global economies as the world shifts geopolitically. To do so, however, they must also grapple with fundamental issues like the ease of doing business and depth of talent. Overall, he says, trade flows, capital flows, and talent flows are all in Southeast Asia’s favor.

    Arab News

    Why Financial Institutions Are Key to Achieving Net-Zero Goals

    In Arab News, BCG’s Shelly Trench and Aytech Pseunokov explain that financial institutions will become the key source of funding for Middle Eastern countries to achieve their energy transition targets. According to a BCG report, the United Arab Emirates still faces a $500 billion funding gap to reach its decarbonization goals, despite already investing $163 billion. A possible solution, Trench says, is to establish carbon prices that adequately reflect the cost of greenhouse gas emissions and international carbon price levels.

    Bloomberg

    High Inflation Curbs Global Trade

    In Bloomberg, BCG’s Nikolaus Lang discusses the slowing growth of international trade over the next decade. According to a BCG report, global trade’s annual expansion rate will average 2.3% each year through 2031, compared to a 2.5% annual increase in global gross domestic product (GDP) over the same period. “As the world adjusts,” Lang says, “we expect inflationary pressures to reduce; but overall, through 2023 and 2024 we will continue to see higher-than-normal inflation through this period of adjustment.”

    The Wall Street Journal

    Amidst Recession Fears, CFOs Slow Capital Spending

    Commenting in The Wall Street Journal, BCG’s Hardik Sheth describes the shift from post-pandemic increases in capital spending to a current slowdown as CFOs grapple with the uncertainty of inflation and high interest rates. Facing weaker customer demand and a potential recession, many companies are being careful with their capital expenditure (capex) investments and waiting until the second half of the year to be more certain of impending macroeconomic factors and risks, notes Sheth.

    Business Day

    Heat on Banks to Reimagine Customer Experience amid Digital Revolution

    Writing for Business Day, BCG’s Tijsbert Creemers explains how retail banking in South Africa is becoming increasingly competitive as digital players disrupt traditional business models. Referencing a BCG study, he says that 80% of South Africans want to conduct their banking digitally. As a result, retail banks will need to rethink and modernize their approach and systems to meet customers’ evolving demands and expectations.

    Fortune

    How Female-Founded Businesses Can Overcome Shifting Investor Preferences

    In Fortune, BCG’s Kedra Newsom Reeves explains how recessionary concerns are impacting investments in female-founded consumer goods companies. As venture capital investors turn towards tech and B2B startups, she says that female founders must develop business integration strategies and supplier diversity programs to aid their businesses. Hope is not lost, however, according to Newsom Reeves: “What gives female founders an upper hand is that they bring unique perspectives and lived experiences in serving historically underserved markets.”

    Gulf News

    Energy Networks Can Do a Better Job at “Vegetation Management” – and by Cutting Down Fewer Trees

    Writing in Gulf News, BCG’s Ferdinand Varga asserts that energy networks can optimize their vegetation management systems by leveraging advanced analytics and data to reduce costs and risks, and improve employee performance. Varga encourages energy networks to adopt a “bionic approach” that will help companies make more informed decisions with regulators, customers, and employees.

    Fox Business

    The Trillion-Dollar Opportunity in Climate Technology

    BCG’s Global Chair, Rich Lesser, joins Fox Business to discuss investing in climate tech and building long-term energy security and resilience. Referencing a BCG study, he outlines six technologies that have the potential to play a major role in the energy transition and which alone represent a $9 trillion to $10 trillion domestic market opportunity over the next three decades. Lesser also shares his perspective on rising inflation and the potential recession, commenting, “For business leaders in this environment, even if you’re optimistic about the economy, the need to be resilient and agile as a company could not be higher right now.”