As inflation hits home and companies feel pressure on both costs and sales, it’s business as unusual across industries and sectors. We asked some of our partners to tell us about the realities of strategy in 2022 and the year ahead. Click on a video to hear their perspectives, get in touch to tell us about your focus, and register here to keep up to date with our latest thinking.
Consumer
Consumer Health Sustainable, omni-channel wellbeing
Adrienne Rivlin and Mark Boyd Boland L.E.K. Partners
Increased health awareness and a growing interest in self-care have fuelled increasing demand for Consumer Health products. Pandemic restrictions shifted much of consumer shopping online, but with a return to the high street for many consumers is it time for an omnichannel approach?
Connect with Adrienne
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Leisure & Entertainment Staying relevant
Staying relevant has never been more important for companies in the Leisure & Entertainment sector. As consumers struggle to balance a desire to return to pre-pandemic habits, with the realities of rising costs and stagnant discretionary spending growth, is multichannel the way forward?
Connect with David
Financial Services
Insurance Broking What’s next for the year ahead?
Sam Halliday L.E.K. Partner, London
For insurance brokers and their investors, the big challenge at the moment is the level of uncertainty in the market with respect to value. The war in Ukraine, rapidly rising inflation and interest rates, continued disruption to supply chains, and downstream from this challenges raising funding in the debt markets are combining to create a perfect storm of issues.
Connect with Sam
UK Personal Lines Insurance The transition to a new normal
The FCAs Dual Pricing rules have heralded seismic changes for UK insurance providers. As discounting quotes to attract new business is outlawed and switching levels fall, insurers and brokers will be looking to new strategies for growth.
Connect with Ashish
Wealth Management The drive for quality
Bronswe Cheung Partner, London
The wealth management industry is entering a new environment. For some years, the world it operated in was one of low interest rates and high yields. This made it relatively easy for firms to generate organic growth and for mergers and acquisitions to happen. All this is changing.
Connect with Bronswe
Healthcare Services
Healthcare Provision Better business. Better care
Tobias Koesters L.E.K. Partner
As nonhospital based healthcare provision continues to evolve, maximising the benefit of change in the healthcare provision sector is a key focus for L.E.K. Consulting. Growth, expansion and new economies of scale bring clear advantages for clinicians and patients alike.
Connect with Tobias
Healthcare Services Navigating uncertainty
Rapidly rising inflation is adding new pressure to a healthcare services sector already struggling to redesign patient pathways and reimagine healthcare delivery. With companies squeezed on both revenues and costs, an effective strategy has never been more vital.
Connect with Katya
Industrials
Automotive Industry The road ahead in 2023
Cristobal Colon L.E.K. Partner
Despite the challenges of lock-down being now firmly in the rear-view mirror, the road ahead for the automotive sector is far from clear. How will changing attitudes to car ownership impact the sector as the energy transition continues to gather pace?
Connect with Cristobal
Sustainability Building long-term commercial sustainability
Rebecca Scottorn L.E.K. Partner
Progress in decarbonisation, sustainability and ESG issues has been substantial, but inflation, geopolitical events, and cost-of-living and energy crises run the risk of delaying momentum. What next for sustainability in the year ahead?
Connect with Rebecca
Industrials Building resilience for the year ahead
Jeremy Wheatland L.E.K. Partner
Responding to inflation and rising input costs is a key challenge for industrial businesses in the year ahead. Balancing the need to address increasing costs and labour shortages with the reality of decreasing demand fuelled by a drop in public spending calls for a clear strategy.
Connect with Jeremy
Building & Construction Rightsizing the industry
As inflationary pressures hit the Building & Construction sector with rapidly rising costs, a lack of skilled workers is adding more pressure by driving up wage bills. Remaining competitive and meeting sustainability targets demands fresh thinking and a clear strategy.
Connect with Maxime
Life Sciences
Pharma Sustainability Sustainability matters
Verena Ahnert and Andre Valente L.E.K. Partner
From securing investment, to meeting sales targets and attracting the right talent, sustainability has a vital role to play across the pharma sector. As customers, investors, employees, and the general public all demand more from the companies they interact with, the pressure is on to develop and implement an ESG agenda.
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Pharma Contract Services Turning challenges into advantages
With manufacturing capacity constrained, a worsening talent shortage, and continuing supply chain issues, the Pharma Contract Services sector has no shortage of challenges. But with a reputation for reacting quickly to events, there are opportunities ahead for companies with the right strategy in place.
Connect with Ben
Travel, Transport and Logistics
Transport & Logistics Keeping businesses moving forward
Rising inflation has stifled the post-pandemic demand for travel and threatens to stall the energy transition. Managing the new realities and planning a route forward takes a steady hand and a robust strategy.
Connect with Becrom
Data and Analytics
Business Analytics The power of data-driven decision making
Combining commercial strategic thinking with deep analytical skills is a core focus at L.E.K. Consulting. While many businesses create separate analytical units, we are convinced that integrating talent gives our clients the best of both worlds by unleashing the power of data.
Connect with Philip
Organisation and Performance
Organisation and Performance Powerful due diligence
Jean-Philippe Grosmaitre L.E.K. Partner
Geopolitical events, ongoing supply chain issues, and rapidly rising inflation are conspiring to make mergers & acquisitions challenging in today’s volatile environment. Understanding the big picture has never been as important, making the ability to accurately assess risk a key tool in the year ahead.
Connect with Jean-Philippe