Disruptive business and economic trends have always been a boon for global management consultants. When companies struggle to adapt to shifting market demands they rely on the guidance of external, objective experts to help them stay competitive. After all, alumni from elite consultancies include high-profile business leaders such as Meg Whitman, Sheryl Sandberg and Jeff Immelt.
Today, many senior executives are hungry for advice on navigating the digital transformation of their industries. However, cost pressures and demand for specialised, technical expertise are causing companies to re-evaluate their consulting partnerships and consider new kinds of advisers, according to an Economist Intelligence Unit survey of 307 corporate executives in the US, UK and Europe.