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Media releases

Corporate R&D spending hits record highs for the Top 1000, despite concerns of economic protectionism
Annual worldwide corporate R&D spending broke through $700bn in annual investment, according to an annual analysis of R&D spending across 1000 global public companies by PwC’s Strategy&. read more >

Digital Auto Report 2017: Exponential growth in new mobility services
Stuttgart, September 11, 2017 — The car models being presented in 2017 clearly demonstrate that manufacturers are definitively gearing their focus on self-driving, connected and electric cars. read more >

One way to not just survive, but thrive in the digital revolution? Appoint a digital leader
Nineteen percent of the world’s top 2,500 companies have appointed an executive — commonly known as a Chief Digital Officer (CDO) — to oversee the digital transformation of their business, according to the results of a new study about the role from Strategy&, PwC’s strategy consulting business. read more >

Global study on CEO trends indicates a significant uptick in CEOs forced out of office for ethical lapses: PwC’s Strategy&
15 May, 2017 — The share of CEOs forced out of office for ethical lapses has been on the rise, according to the 2016 CEO Success study released today by Strategy&, PwC’s strategy consulting business. The study, which analyzed CEO successions at the world’s largest 2,500 public companies over the past 10 years, reports that forced turnovers due to ethical lapses rose from 3.9 percent of all successions in 2007–11 to 5.3 percent in 2012–16 — a 36 percent increase, due in large part to increased public scrutiny and accountability of executives. read more >

Global wireless industry faces increased commoditization, according to PwC’s Strategy&
22 February, 2017 – Competitive pressure in the global wireless telecommunications industry is increasing, with disruptive competitors emerging from adjacent markets and increasing “price wars” among operators. For telecom operators, this means stagnating profitability along with serious questions about new paths for growth, according to a recent report published by Strategy&, PwC’s strategy consulting business. read more >

PwC’s Strategy& introduces new book “Fit for Growth: A guide to strategic cost cutting, restructuring, and renewal”
The New Year holds one thing for certain: uncertainty. As business leaders find themselves plagued by sluggish growth, increasing geopolitical tension, heightened regulatory scrutiny, and the rapid pace of digital change, 2017 is gearing up to be “the year of the question mark.” How can businesses achieve and sustain growth despite today’s difficult business environment? They must tightly link their growth and cost agendas, freeing up resources to invest into what truly sets them apart. read more >

Airlines need to change how they market and sell to customers
Airlines should transform their business models and how they sell to customers, according to a recent study by Strategy&, PwC’s strategy consulting business. The study finds three global trends are reshaping the travel sector and threaten to weaken the connection between airlines and their customers. read more >

Technology leaders are redefining the meaning of value, according to the 2016 Global ICT 50 ranking of companies
In the enterprise tech sector, boundaries are blurring. It’s no longer simple to differentiate between hardware, software, services and telecom because companies are evolving across lines in order to expand their markets and enterprise customer base. In its annual Global ICT 50 study, Strategy& – PwC’s strategy consulting business – highlights that winning companies today define themselves by the unique strategic value they provide to their customers. read more >

Companies shifting more R&D spending away from physical products to software and services: 2016 Global Innovation 1000 Study
By 2020, companies will have shifted the majority of their R&D spending away from product-based offerings to software and service offerings, according to the 2016 Global Innovation 1000 Study from Strategy&, PwC’s strategy consulting business. The need to stay competitive is the top reason why companies cited a shift in their R&D budgets towards software and services, and for good reason – according to the study, companies who reported faster revenue growth relative to key competitors allocated 25 percent more of their R&D budgets to software offerings than companies who reported slower revenue growth. read more >

Connected mobility sales will grow to US$156 billion by 2022, with shake-ups in the auto industry favoring fast movers over major players
Innovation in the networking and digitization of the car is triggering shake-ups in the automotive industry and reveals rapidly-growing market potential, according to the 2016 Global Connected Car Study from Strategy&, PwC’s strategy consulting business. read more >

More than two-thirds of Europe’s banks fear losing the customer interface as a result of the Payment Services Directive (PSD2)
While the adoption of the revised Payment Services Directive (PSD2) in 2018 will be a catalyst for both disruption and strategic renewal in Europe’s banking markets, the overall response of Europe’s bankers to more open banking is one of uncertainty, according to a new study by Strategy&, PwC’s strategy consulting business. read more >

PwC with Strategy& named a Leader in IDC MarketScape on Worldwide Strategy Consulting
PwC with Strategy& has been named a Leader in the IDC MarketScape: Worldwide Strategy Business Consulting Services 2016 Vendor Assessment. According to the IDC MarketScape, strategy consulting is defined as those services which “assist an executive with defining a vision and goals for the business and acquiring and aligning resources to reach the objectives of the business.” The report also finds that the nature of strategy consulting delivery is changing — the solution development phase is becoming more iterative, more collaborative, and more rapid, resulting in more creative solutions and greater stakeholder buy-in. read more >

Private equity investors missing out by not assessing digitization in their evaluation of targets: PwC’s Strategy&
Digitization is a largely untapped area that offers extraordinary opportunities for private equity firms but most investors aren’t fully aware of the potential and therefore aren’t yet asking the right questions, according to a new paper by Strategy&, PwC’s strategy consulting business. read more >

It’s not just about oil: Expect more change in a struggling global natural gas market
Liquefied natural gas (LNG) is playing a huge role in the transition to a low-carbon world but it is also rapidly becoming a global commodity as its price crumbles on the open market. The problem for the industry is a structural change that may lead to even lower natural gas prices in the future. In a new paper “Navigating the transformation of the gas market,” Strategy&, PwC’s strategy consulting business, predicts four forces that will weigh heavily on gas prices going forward making the market much more volatile, and risky: read more >

What type of Chief Digital Officer does your company need?
2 June, 2016 – As companies move to catch up with the digital future, they are taking a close look at what kind of executive they need to lead the way. In a new report, "The Right CDO for Your Company’s Future", Strategy&, PwC’s strategy consulting business, defines five Chief Digital Officer (CDO) “archetypes” – descriptions of typical roles CDOs might play within an organization. read more >

Global Internet inclusion could lift 500m out of poverty, and add over $6trn to global GDP
17 May, 2016 – Global inclusion in the Internet could bring seven percent of the world’s population – 500 million people - above absolute poverty levels, and add US$6.7 trillion to global economic output, according to a new study by Strategy&, PwC’s strategy consulting business. read more >

CEO Turnover at a Record High Globally, With More Companies Planning for New Chiefs from Outside the Company
In 2015, 17 percent of the largest 2500 public companies in the world changed their CEO, more than in any of the previous 16 years of the CEO Success Study from Strategy&, PwC’s strategy consulting business. Over the past several years more big companies have been deliberately choosing their new CEO from outside of the company as part of a planned succession, an indication that hiring an outsider has become more of an intentional leadership choice than a necessity. read more >

PwC’s Strategy& presents the Strategy That Works book: A look at why certain companies succeed and why others may not
9 February, 2016 – There are two kinds of companies today – those who are facing major strategic challenges and those who will face them. Indeed, almost all corporate leaders struggle with developing a strategy that works. Fifty (50) percent of leaders don’t believe they have a winning strategy to begin with and nearly all report missing major opportunities in the market. This is because where their company aims to go is disconnected from what it is able to accomplish. read more >

Plan to review, exploit and innovate in 2016: Strategy& report on oil and gas trends
22 January, 2016 – As oil and gas executives navigate one of the most volatile periods in the industry’s history, a new report by PwC’s Strategy& looks at three steps that could help deliver a ‘new normal’ within the maelstrom of change anticipated in 2016. read more >

More companies are appointing a Chief Digital Officer to join their C-suite – but are they doing it quickly enough?
14 December, 2015 –Only 6 percent of the world’s top 1500 companies have appointed a Chief Digital Officer (CDO) to oversee the digital transformation of their business, but their ranks are growing, according to the results of a new study about the role from Strategy&, PwC’s strategy consulting business. read more >

Asia becomes the top region for corporate R&D spend, according to the 2015 Global Innovation 1000 Study, from Strategy&, PwC’s Strategy Consulting Business
New York, October 27, 2015 – Asia has become the top destination for corporate R&D spend in 2015, accounting for 35% of total in-region R&D, including both domestic and imported R&D. This places Asia ahead of North America and Europe, who dropped to third, in a complete reversal from 2007 when Europe was the previous leader. This is according to the newly released 2015 Global Innovation 1000 Study, from Strategy&, PwC’s strategy consulting business, which uniquely examined the R&D footprint of 207 of the world’s largest corporate R&D spenders. read more >

Companies put growth at top of their agenda, but most executives doubt current efforts will yield needed results
New York, NY, July 28, 2015 – Growth is a priority at nearly every company today. But most executives don’t have a clear view of how their companies will meet growth targets. read more >

Competition intensifies for UK used car providers as digitisation boosts price transparency and squeezes margins
London, May 15, 2015 – The UK’s used car market will need to undergo considerable change to keep up with buyers and sellers who are increasingly moving online allowing them access to greater information and pricing transparency prior to making a car purchase or sale, according to a report released today by global management consulting firm Strategy&, a member of the PwC network of firms. read more >

PwC recognized with two Rising Stars of the Profession Awards by Consulting magazine
New York, NY, April 17, 2015 – PwC US today announced two winners for Consulting magazine’s 2015 “Rising Stars of the Profession” award which recognizes talented individuals under the age of 35 for their outstanding contributions to the consulting profession. read more >

World Economic Forum release: The digital poverty holding back global growth and development
Geneva, Switzerland, 15 April 2015 – The world’s developing and emerging economies are failing to exploit the potential of information and communications technologies (ICTs) to drive social and economic transformation and catch up with more advanced nations, according to the World Economic Forum’s Global Information Technology Report 2015 published today. read more >

A forced CEO turnover costs a large company $1.8B more in shareholder value than a planned turnover, according to Strategy& research
New York, NY, April 14, 2015 – CEO turnovers at big public companies are inevitable and rarely easy. But what is the cost? read more >

PwC Named Leader in Worldwide Digital Enterprise Strategy Consulting Services in IDC MarketScape Report
New York, NY, March 31, 2015 – PwC was named a leader in the IDC MarketScape: Worldwide Digital Enterprise Strategy Consulting Services 2015 report. According to the report, “PwC is seen as the most capable of all firms in the digital enterprise strategy consulting space in a number of areas: capturing and leveraging data from clients or internal processes, improving accessibility of information resources internally or for customers, leveraging product or service content, and aligning digital presence with corporate brand.” read more >

Now more than ever airport operators need to focus on their key capabilities or risk being left behind
London, February 17, 2015 – Today’s airports are coming under increasing pressure to deliver profit in spite of growing complexity across their business, according to a report released today by global management consulting firm Strategy&, a member of the PwC network of firms. read more >

Strategy& provides forecasts for 16 major industries in 2015 and beyond
New York, NY, January 27, 2015 – Strategy&, part of the PwC network, has released its annual outlook on the major trends shaping 16 different industries. read more >