Boston Consulting Group
Coverage of Boston Consulting Group in the Nexus archive.
- A Trump visit to Hong Kong would be a strategic masterstroke
The article discusses Hong Kong's resilience and resurgence as a global hub, citing its dramatic comeback. It suggests that a Donald Trump visit to Hong Kong would be a strategic move.
- In the AI age, clients are now asking consulting firms to have 'skin in the game'
Clients are urging consulting firms to adopt outcome-based pricing for AI projects, sharing risk instead of fixed fees. Major firms like BCG, Accenture, and McKinsey are shifting to variable-fee arrangements as AI adoption's uncertain ROI drives demand for risk-sharing models. Consulting firms are also deploying internal AI tools to streamline work and support client AI transformations.
- AI is plowing through the workplace. This new group wants to help people adapt and have jobs
A bipartisan nonprofit called RAISE US aims to help American workers adapt to AI-driven job displacement through education and training programs, with over $500 million in funding. Founded by Gina Raimondo and Eric Holcomb, the group partners with states like Arkansas and major employers including Amazon and Microsoft to create new job opportunities and stabilize the economy.
- Are you a consultant? Tell us how much you're spending on AI these days.
Consulting firms and their clients are reevaluating AI spending as costs rise, with companies like Amazon, Walmart, Uber, and Cisco expressing concerns over excessive expenses. Firms like KPMG and McKinsey are adopting AI tools but shifting toward strategic use, while Boston Consulting Group projects a significant increase in AI investment by 2026.
- America Is Headed Toward the Infinite Workweek
Developers like Steve Yegge report increased exhaustion from managing AI tools, despite productivity gains. A Boston Consulting Group survey found 18% of developers and higher rates in other roles experience AI-induced mental fatigue. AI agents require constant oversight, leading to 'brain fog' and reduced focus.
- Consulting firms are still hiring entry-level workers even as AI upends their industry. Here's how much they are making.
Consulting firms continue to hire entry-level workers with salaries between $84,000 and $112,000 despite AI-driven industry changes. Firms are prioritizing specialists and candidates from non-traditional backgrounds, though entry-level salaries remain flat.
- I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Niño seriously
Federal forecasters predict a high likelihood of a strong El Niño this winter, emphasizing the urgency for resilience infrastructure investment. A former Hoboken mayor highlights successful flood-mitigation projects like ResilienCity Park, which reduced flooding and protected economic stability, while noting capital markets are lagging in treating resilience as a distinct investment category. Boston Consulting Group projects $3 trillion in annual resilience-focused investment demand by 2030, with inaction costing up to 15 times more.
- AXA launches a new insurance and wealth platform for HNWIs as Hong Kong wealth surges past Switzerland
AXA launched AXA Global Private, a Hong Kong-based platform combining insurance, wealth management, and succession services for high-net-worth individuals. The platform targets mainland Chinese clients seeking diversification and protection for family assets, as Hong Kong surpasses Switzerland as the world’s largest cross-border wealth hub.
- Hong Kong overtakes Switzerland as world’s largest cross-border wealth hub, BCG finds
Hong Kong surpassed Switzerland as the world’s largest cross-border wealth hub in 2025, with cross-border wealth rising 10.7% to $2.95 trillion, driven by an IPO boom and capital inflows from mainland China, according to Boston Consulting Group (BCG). Switzerland recorded $2.94 trillion in cross-border wealth, up 7.6% from the previous year.
- Hong Kong overtakes Switzerland as world’s largest cross-border wealth hub, BCG finds
Hong Kong surpassed Switzerland as the world’s largest cross-border wealth hub in 2025, with $2.95 trillion in cross-border wealth compared to Switzerland’s $2.94 trillion. The growth was driven by an IPO boom and capital inflows from mainland China, according to Boston Consulting Group (BCG).
- Saudi Arabia freezes consultancy payments
Saudi Arabia has ordered government entities and its sovereign wealth fund to freeze payments to consultancy firms, management consultants, and law firms until the end of June as it manages economic pressures from the Iran war. The freeze applies to both new contracts and existing work, though the Finance Ministry disputes claims of payment delays. This marks the end of a consulting boom that flourished under Vision 2030 over the past decade.
- Sovereign cloud is only possible if you’re Chinese or American: Gartner
According to Gartner analyst Douglas Toombs, it's not possible to operate a completely sovereign cloud outside of China or the USA. US-based cloud vendors have created products that can meet the needs of organizations requiring a cloud without legal entanglements, but their American ownership means complete sovereignty is uncertain. This may cause issues for European organizations worried about US-based cloud operators leaving the continent.
- AI will reshape 50-55% of U.S. jobs in next 3 years, analysis finds
A study by Boston Consulting Group predicts AI will reshape 50-55% of U.S. jobs over the next three years. The analysis suggests AI integration may alter job roles rather than causing widespread job losses.