Decarbonization moves from target setting to capital allocation
How transition economics, investment choices and operational pathways can turn climate ambition into an executable business agenda.
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Real estate and built environment
Create resilient asset and portfolio value as financing, occupancy and changing patterns of use redefine real-estate economics.
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Articles
The new map of strategic dependencies
How raw materials, supply networks and technology competition are redefining where global enterprises remain exposed.
Read articleFocus
Semiconductors now sit at the intersection of AI economics and national security
AI accelerators, advanced packaging and export controls are reshaping capital allocation across an industry already defined by geographic concentration.
Travel demand is normalizing as financial caution reaches higher-spending customers
The post-pandemic surge is giving way to more selective spending, increasing pressure on hospitality and travel operators to prove value.
Strategic challenges
Can health systems expand access without simply adding more clinical labor?
The challenge is redesigning pathways and roles while preserving quality in an industry where skilled capacity remains structurally constrained.
What happens when clients no longer want to pay for professional effort?
The challenge is shifting from labor-based pricing toward expertise and outcomes as AI compresses the time required for routine knowledge work.
POV
The energy transition may be constrained less by generation than by connection
Building renewables is becoming easier than moving power through networks that were never designed for today's scale of change.
AI may destroy more software categories than it creates
When an agent can perform the workflow directly, some applications risk becoming infrastructure rather than destinations users need to open.
Strategic impact
AI and tokenization are widening the strategic choices available to banks
New infrastructure can reshape trading, payments and fee economics while changing the speed and interconnectedness of financial activity.
AI is shifting semiconductor investment from capacity toward system capability
Competitive advantage increasingly spans accelerators, memory, packaging, interconnects and ecosystem partnerships rather than wafer volume alone.
What we observe
Insurers often scale AI before fixing the data and systems beneath it
Advanced models cannot compensate for fragmented policy data, legacy architecture and controls that were never designed for autonomous decisions.
Chip strategies often treat geographic diversification as if every fab were equivalent
Leading-edge capability depends on equipment, talent, packaging and supplier ecosystems that cannot be replicated by capital expenditure alone.