Trends in Global Trade for 2023
BCG’s Nikolaus Lang describes three overarching shifts in global trade—what’s driving them and what their impact will be—as we look ahead to a complex 2023.
Read the reportThe rules of international business are being rewritten, creating opportunities for companies that are nimble enough to capitalize. BCG’s international business consultants help companies recognize the economic patterns in globalization and seize the future.
Even as the world becomes more decentralized politically and physically, customers, devices, services, processes, and businesses continue to integrate digitally. The simultaneous rise of economic nationalism and digital globalization is redefining the international business landscape. We help companies adapt their products, approaches, and business models to the new global reality. Companies must take a more nuanced approach to identifying and creating growth opportunities.
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We help companies absorb the shock of global volatility by building capabilities and structures that enable data integration, flexibility, and agility across borders and businesses.
As an international strategy consultancy, we advise all stakeholders in international business and in economic globalization:
We collaborated with Celcom Axiata, one of Asia’s largest telecommunications companies, to create an e-wallet and lifestyle app called Boost. In less than two years, it became Malaysia’s leading cashless platform—a digital ecosystem of 17 banks and a growing list of more than 125,000 participating merchants.
We conducted an end-to-end customer experience transformation for a leading cinema operator in India. The team leveraged deep consumer insights to reimagine the cinema-going journey for consumers—physically and digitally—and built a top-five loyalty program with a first-in-market personalization engine.
A global pharmaceutical company serving 100 million patients in more than 130 markets approached us for help in strategic planning to address post-Brexit risks and options. Our team helped devise solutions tied to $6 billion in revenue.
We worked with the government to generate an investment accelerator model that would stimulate the private sector. The effort resulted in ten deals valued at $130 million and created 29,000 jobs.
Our work with a footwear maker in India accelerated growth by nearly 10%, increased e-commerce by 400% over three years, boosted sales productivity by nearly 20%, and reduced attrition by 10%.
BCG’s Nikolaus Lang describes three overarching shifts in global trade—what’s driving them and what their impact will be—as we look ahead to a complex 2023.
Read the reportThis special edition of the BCG Executive Perspectives series assesses the economic impact of the war in Ukraine and the implications it bears for companies and governments.
Systems enabling companies across the value chain to exchange data and calculate taxes could help them manage the complexities of the Carbon Border Adjustment Mechanism (CBAM) and advance the European Green Deal.