Fortune

It’s Time for CEOs to Put Suppliers First

In Fortune, BCG’s Christian Schuh, Wolfgang Schnellbächer, Alenka Triplat, and Daniel Weise urge CEOs to put their suppliers and procurement function at the heart of their business in order to succeed in challenging times. Based on findings from their new book, Profit from the Source: Transforming Your Business by Putting Suppliers at the Core, the authors provide a blueprint for CEOs to unleash seven sources of competitive advantage.

Financial Times

Consumers Reevaluate Luxury Spending

In the Financial Times, BCG’s Veronique Yang comments on the cautious spending habits of Chinese consumers following the easing of COVID-19 restrictions and lockdowns in multiple cities. She predicts luxury spending will recover in the last quarter of the year, contingent on the resolution of supply chain issues and returning consumer confidence. “The fundamental outlook remains the same, but it’s very clear that there is a further polarization in the luxury sector, with big luxury brands performing really well despite the COVID challenges and the affordable luxury and premium sector struggling,” she says.

Fortune

Understanding Hurdles to Net Zero

In an interview with Fortune, BCG Global Chair Rich Lesser discusses challenges companies are facing in their plans to reach net-zero emissions. He analyzes the importance of including plans to tackle Scope 3 emissions in a company’s climate efforts and lists different methods of measuring an organization’s progress against its climate goals. Lesser further elaborates on how technology, good leadership, and government action could advance the movement toward net zero.

The Economic Times

Five Key Areas of Opportunity: Here's How India Can Live Up to Its Full Potential

In The Economic Times, BCG’s Neeraj Aggarwal outlines five key areas of opportunity for India to explore in order to move forward on its growth trajectory. “As India makes its next big transition to become a global power, it must share its own vision of the future, build international consensus, and lead in what could be a ‘new equilibrium’ for the world,” Aggarwal writes.

Australian Financial Review

Demand for Electric Vehicles Continues to Grow Around the World

In the Australian Financial Review, BCG’s James Tilbury and Scott Nichols discuss why global demand for electric vehicles (EVs) is accelerating despite concerns over battery shortages and charging infrastructure. Citing a BCG report—which forecasts that battery electric vehicles (BEVs) will account for 20% of global light vehicle sales in 2025—they say European and US policies to cut carbon emissions from cars and incentives for consumers to switch to BEVs are among the factors driving demand.

Women’s Wear Daily

Cultural Credibility in Luxury Fashion

In Women’s Wear Daily, BCG’s Sarah Willersdorf discusses the future of the luxury fashion industry and what matters most to new consumers. The idea of “cultural credibility” has democratized the luxury and fashion space, she says, shifting its focus to the ideas of identity, belonging, and community. Willersdorf further elaborates on the industry’s evolution into Web 3.0 and “metacommunities,” where customers and audiences can meet, interact, and play more of an active role in a brand’s story and trajectory.

Financial Times

Global Wealth Grows to $530 Trillion Despite Turbulence

In the Financial Times, BCG’s Anna Zakrzewski discusses BCG’s 22nd annual Global Wealth Report, which finds that the world’s wealth has continued to grow even amid rising inflation, financial market turmoil, and the Ukraine crisis. The report forecasts that financial wealth and real assets will increase at 5% annually through 2026, adding roughly $80 trillion to the wealth pool. “For wealth managers prepared to seize the opportunity, the blueprint for growth is there for the taking,” she says.

Fortune

Is This the End of Low Interest Rates?

In Fortune, BCG’s Philipp Carlsson-Szlezak and Paul Swartz examine the sharp increase of short-term interest rates and whether the US economy could permanently return to higher long rates. They discuss the possible interest rate scenarios that could arise over the next few years, their driving factors, and what it would take for them to inflect. “While the interest rate environment in coming years will have a different look and feel from what we’ve known,” they predict, “it is unlikely to be a shift from a good to a bad backdrop.”

Harvard Business Review

Six Factors Driving Changes to Today’s Corporate Strategies

In Harvard Business Review, BCG’s Martin Reeves and Annelies O’Dea write about the need to reinvent corporate strategy in response to a magnitude of changes in the technological, social, and natural environments. They list six different factors that are driving these changes and placing new demands on corporate strategists: dynamism, uncertainty, contingency, connectedness, contextuality, and cognition.

Nikkei Asia

BCG’s Rich Lesser: Selling Fossil Fuel Assets Is No Answer to Climate Change

In an interview with Nikkei Asia, BCG Global Chair Rich Lesser discusses the implications of organizations selling their most carbon-intensive assets, and why those sales might be “counterproductive behavior” in the fight against climate change. He urges activists and shareholders to focus on pushing companies to be more transparent on their climate impacts, on “where companies are, what they commit to improve, and how they commit to improve.”

The Washington Post

The Summer of Travel Chaos

Amid a wave of flight cancellations, BCG’s Adam Gordon shares his outlook on summer travel in The Washington Post. He predicts that flying in the summer will be challenging as the travel industry tries to adapt to a “new normal” and rebound from pandemic lows and worker shortages. “The ecosystem has become quite stretched as airlines try to meet this robust passenger demand and try to get everyone where they want to go this summer,” Gordon says. “The resiliency that we used to take for granted is no longer there.”

Australian Financial Review

Digital Transformation Is a Vital Battle for Businesses

In the Australian Financial Review, BCG’s Patrick Forth explains that understanding the importance of digital transformation is not enough to guarantee an initiative’s success. “Repeated surveys in recent years of business looking at digital transformation projects have found fewer than one in three delivers on its objectives,” he says. Companies must also work well cross-functionally to achieve success, adds Forth, aligning strategy and technology.

Financial Times

Expanding Commitments to Zero-Carbon Tech

In the Financial Times, BCG Global Chair Rich Lesser discusses the expansion of the First Movers Coalition, which aims to drive demand for zero emissions across the value chain of hard-to-abate sectors. BCG has committed to funding technologies that will lead to the removal of 100,000 tons of carbon from the atmosphere by 2030. Lesser says this is “an incredibly important demand signal” to help unleash the trillions of investment dollars needed for the climate transition.

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