The world’s megacities are facing many challenges.
In the last few weeks alone:
While there are specific reasons behind each of these developments, there is also a common theme: the density of the populations is putting huge pressure on existing infrastructure and resources.
By 2030, the United Nations estimates that megacities—those with more than 10 million residents—will be home to more than 750 million people, a 35% increase from today.
“Over the next 10 to 15 years we will see sustained migration, primarily in Asia and Sub-Saharan Africa, as the number of megacities in the world rises from 34 to 50 or so,” says Suresh Subudhi, a BCG managing director and senior partner who also co-leads the Global Center for the Future of Cities and Center for Mobility Innovation.
“It’s an outsized problem that urgently needs addressing to ensure liveability. While the scale of challenges may seem daunting, it’s important to remember that these cities are also home to enormous talent pools who are able to find solutions.”
These are just three of the major challenges:
While there are no simple fixes, below are a few examples of how the private and public sectors can work together to innovate and start reshaping the future of cities.
ABOUT BOSTON CONSULTING GROUP
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.
© Boston Consulting Group 2023. All rights reserved.
For information or permission to reprint, please contact BCG at email@example.com. To find the latest BCG content and register to receive e-alerts on this topic or others, please visit bcg.com. Follow Boston Consulting Group on Facebook and X (formerly Twitter).