L.E.K. Look Forward 2023

L.E.K. Consulting partner Katya Zubareva lifts the lid on the sectors biggest issues and looks at how under-pressure companies can navigate a pathway to better business strategy. From dealing with rising costs to balancing the need to pass on costs with keeping services affordable and accessible – tune in to hear more about this important sector in the year ahead.

Analytics have a crucial role to play in delivering the business intelligence needed in today’s complex and challenging markets. But understanding what matters to customers and how to turn insights into strategy takes commercial experience. Tune in to find out more about the L.E.K. analytics tool kit and how we combine commercial and data understanding inside our own firm to deliver the best for our clients.

From tackling growing calls for regionalisation, to helping European businesses take advantage of new opportunities in the US, our focus on leveraging insights to help clients grow. As a global team with a foot each side of the Atlantic, our ability to take insights from one area or geography and apply them to new challenges is the key to preserving and growing value in the challenging year ahead.

At times like these it pays to make educated decisions. By ensuring our clients have all of the facts and insights they need we are helping them to think strategically and stay ahead in a sector that is changing fast. From digital transformation to sustainability and beyond – we have a powerful combination of focused building & construction industry experience and broad expertise helping companies harness the potential of technology and putting sustainability at the heart of their strategy. In our latest video partner Maxime Julian looks forward to the year ahead for building & construction, reviews some of the issues the sector faces right now, and discussing how we are helping companies in the sector rethink their strategy for success.

Key organisations like the NHS are already asking suppliers for their timeframe to achieve net zero. Achieving this is a complex task with rewards for the successful but problems ahead for those that get left behind. In our latest video L.E.K. Consulting partners Andre Volante and Verena Ahnert look at the challenges ahead and the strategic choices to be made for pharma sector.

Volatile times spell trouble for businesses and investors looking to make deals. Assessing true value is a major challenge in rapidly changing markets impacted by spiraling inflation, supply chain disruption, and geopolitical events. Times like this call for good due diligence – in our latest video L.E.K. Consulting partner Jean-Philippe Grosmaitre tells us why.

What next for the car industry as consumers turn away from status driven purchases, and China enters the market with a new generation of low-cost electric vehicles?

Staying relevant to consumers in a world full of choice was already the key challenge for leisure & entertainment businesses. Post-Covid and in the face of rapidly rising inflation and a big squeeze on disposable income – the battle has never been as important.

L.E.K. Consulting partner Becrom Basu assesses the outlook for the sector and highlights the key challenges transport and logistics companies now face. Progress takes capital and sustainability is an investment essential, but in a climate where few consumers are willing to pay the price of greener choices, steering a safe course will take insight and expertise. Watch the video to learn more.

L.E.K. Consulting Principal Bronswe Chung reviews the challenges and opportunities wealth managers now face and highlights the advantages industry insights can offer. Giving management teams access to better data and insights into key topics such as ESG and wealth-tech are just part of the story. Watch the video to hear more.

Rising inflation, growing input costs and a shortage of labour are putting industrial businesses under increasing pressure. Those exposed to customer discretionary spend are vulnerable in today’s economic climate, but others are set to benefit from continued investment in infrastructure and a continued focus on sustainability. For all, resilience is the key to a successful 2023 – watch our video to hear more.

For those looking to weather a downturn, sustainability can offer valuable help and contribute to a future-proofed commercial strategy. ESG can mean a lot of different things but beneath it all sits some compelling principles about future proofing business. Establishing the right levels of consumption, the right levels of growth, and how can businesses ensure they are positioned appropriately for success all take insight and experience. Watch the video to hear more on this essential topic.

As brokers struggle to win new business from under pressure clients, they are being hit by price increases from insurers eager to pass on the impact of increasing claims. Now more than ever it pays to build a detailed knowledge of what customers want and are willing to pay for. Closer to home, creating business efficiencies and better processes has never been so vital. Our joined-up global proposition and data-driven approach offer valuable help in challenging times.

The shift towards combining online sales with an instore presence is significant, but not alone in shaping the future of consumer healthcare. From the rapid rise in self-care to a focus on good mental health, sustainability and personalisation – strong strategy informed by clear insights has never been as vital. Our latest video looks forward to a challenging 2023 with plenty of opportunities for companies ready to listen to consumers and adapt to suit the changing times.

The shift to nonhospital based ambulatory care is driving huge changes in healthcare provision. But for independent clinicians rising costs and a shortage of labour are presenting new challenges. Our broad experience of working with both hospital and nonhospital based healthcare services and their suppliers gives us a clear view of the year ahead. From the move to larger practices sharing back-office functions and delivering increased patient facing time for clinicians, to delivering new technology and training – join us to hear how change is delivering new opportunities in healthcare.

For an industry that has relied on price comparison websites and many consumers ready to switch providers on a yearly basis, recent changes from the FCA have created significant challenges. The distribution is set to change with a range of possible outcomes on the horizon. From new pricing structures to further disruption from Amazon’s new insurance store – L.E.K. Consulting’s Ashish Khanna lifts the lid in our new video.