Imagine This...

Cities have been struggling since the pandemic. In some—including Los Angeles and San Francisco—office high-rises have become “zombie buildings,” with vacancy rates of 50% or more. But many people still want to live in cities and be part of a vibrant community. BCG’s Santiago Ferrer explores how new forms of transit, from modular pods to self-driving cars, can help reinvigorate moribund downtowns by making them easier to reach and navigate. As part of this transformation, cities will find innovative uses for zombie buildings, turning them into everything from residential units to community art hubs. 

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Even the most nimble and successful companies are sometimes forced to replace huge swaths of their workforce when business strategy changes. But layoffs come with costs: hiring and firing workers is expensive. Letting workers go can also damage an institution’s reputation and demoralize the employees who remain. BCG’s Kevin Kelley explains how companies can reduce the need for layoffs by creating teams that are flexible enough to pivot as priorities shift. The key is to avoid turning teams into silos that know how to do only one thing and thus become obsolete when priorities change. 

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India has been experiencing a rapid transformation over the past decade. The government has made massive investments in physical and digital public infrastructure, and its share of affluent consumers has grown considerably. It’s also young – over half of India’s 1.4 billion people are under the age of 30. In this episode, BCG’s Kanika Sanghi imagines how India’s rising consumer class could change the global economy, from setting trends to pioneering new business models. Sanghi's advice is that business leaders across industries should start planning now to capitalize on India’s growth story. 

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It’s no secret the media business, which has long relied on advertising revenue, is in crisis. It’s not a stretch to imagine that few if any of the major TV networks, newspapers and magazines - the old guard bedrocks of U.S. media - will survive into the next decade. BCG’s Neal Zuckerman imagines a world where every business has a Chief Content Officer. From health insurers to snack-food companies, companies are creating their own content to entertain and educate their customers. Zuckerman also explores the future of on-demand streaming and how the news business could survive and even thrive. 

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How will advances in sustainable materials and modular construction change how homes are designed and built? And how will these innovations address the urgent need for affordable housing? BCG’s Matthias Tauber suggests ways to solve the housing crisis through changes in design, manufacturing, materials, permitting, and financing. Homes of the future will provide more alternatives, often by reimagining shared spaces and resources in flexible ways that allow for custom designs. The one no-regret move? Tauber says: invest in technology.  

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