Yahoo! Finance Live
In an interview for Yahoo! Finance Live, BCG’s Global Chair Rich Lesser explores the many ways that companies can bolster resilience ahead of a potential recession. Several companies, particularly those in the tech industry, have attempted to optimize costs through layoffs, but Lesser encourages leaders to weather the economic storm with more sustainable, lasting solutions. While resilience in past recessions was primarily associated with cost-cutting, he asserts that resilience in future recessions will also be about digitization, analytical capabilities, sustainability, and adaptability in the face of uncertainty.