What must businesses

do to survive the
current economic
instability?

JINGSHUN HUANG
2023.03.26
Agenda
Current unstable economic
situation

Opportunities and
challenge to business

The impact to consulting

industry

Reference
 Current Unstable Economic Situation
High inflation The
Covid The after
rate of 10.1% geopolitical
pandemic Brexit effort
in January uncertainty

UK inflation rate since 2018

The business can’t respond effectively to date

 Opportunities and Challenge to the Business

Higher cost
Cash flow
Consumer buying power
Supply chain risk
Ecommerce
Marketing preference
Merge and restructure
Local market share
The impact to
consulting industry
The impact to Consulting Industry
• Competition in the consulting market increased
• Income structure change
• Trend toward greater centralisation, higher service requirements for
consulting services
• Changes in delivery modes
• Consulting themes change
Reference:
• UK consumer confidence hits highest level since April 2022. (2023). Financial Times. [online] 24
Feb. Available at: https://www.ft.com/content/8722b474-fff0-459c-8011-4a6930354e48.
• www.mckinsey.com. (n.d.). Economic conditions outlook, June 2022 | McKinsey. [online]
Available at: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-
insights/economic-conditions-outlook-2022.
• ‌ wC (2022). UK Economic Outlook. [online] PwC. Available at:
P
https://www.pwc.co.uk/services/economics/insights/uk-economic-outlook.html.