M&A strategy when the obvious targets are gone
How companies can build a stronger acquisition radar by connecting portfolio logic, target intelligence and strategic fit before competition intensifies.
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Materials, metals and mining
Create value from increasingly strategic resources as mineral demand, supply concentration and capital discipline reshape global mining economics.
Discover the macroEditorial overview
Articles
The rise of the agentic enterprise
How autonomous workflows could reshape decisions, coordination and productivity�and where human oversight remains essential as AI moves from assistance to execution.
Read articleFocus
Industrial distribution is being squeezed between inventory risk and customer expectations
Tariffs, supplier volatility and digital purchasing are forcing distributors to rethink stock, service and the value they add between manufacturer and buyer.
Fintech is moving from digitizing finance toward redesigning financial infrastructure
Stablecoins, tokenization and embedded finance are increasingly testing where banks, technology firms and payment networks should sit.
Strategic challenges
How should food companies plan when input volatility moves faster than pricing?
The challenge is protecting availability and margin while agricultural, energy and logistics costs transmit unevenly through the value chain.
How should traders price markets when physical disruption becomes political?
The challenge is separating temporary risk premia from structural changes in routes, inventories and access to strategic commodities.
POV
Private markets cannot treat liquidity as somebody else's problem forever
As hold periods extend, the ability to manufacture credible exits becomes as important as the ability to originate deals.
Digital government is not achieved by putting the existing bureaucracy online
The larger opportunity is redesigning services around life events and outcomes rather than reproducing departmental structures digitally.
Strategic impact
A more selective traveler is making experience quality economically visible
Operators with differentiated service and stronger loyalty can better defend spend when customers begin questioning discretionary trips.
Liquidity innovation is becoming part of private-capital portfolio strategy
Secondaries, continuation vehicles and alternative structures are increasingly used to manage duration and return capital without forced exits.
What we observe
Banks often treat AI as a productivity program when it is becoming market infrastructure
As automated decisions spread across trading and credit, shared models and technology dependencies can create risks beyond individual firms.
Agritech programs often underestimate how difficult adoption is at farm level
Technology can perform technically while failing commercially because margins, connectivity, skills and seasonal realities remain unforgiving.