St. Petersburg International Economic Forum

SPIEF

The Changing Economics of Transportation and Logistics
Yury Spektorov, Managing Partner of Bain's CIS region moderated a session on the key innovations that are transforming the economics of logistics and distance, and how far in the future they will begin to transform societies. The session discussed the next business models, and the impact of those for an individual's relationship to work and lifestyle choices as distance no longer acts as a major barrier to interaction.

The potent combination of innovations in transport, communications, and logistics for goods, services, and people is heralding a change in the way people make decisions on localities. Developments in transport and logistics can play a crucial role in global socioeconomic development, giving rise to new markets, innovative businesses, and new lifestyles, as well as expanding career prospects, and accelerated technological and social trends promise to impact work, life, and urban development. What are the key innovations that are transforming the economics of logistics and distance, and how far in the future will they begin to transform societies? What new business models should we anticipate? What does this mean for an individual's relationship to work and lifestyle choices as distance no longer acts as a major barrier to interaction?

Hydrocarbon Energy: A Vestige of the Past or the Basis for Development?
Peter Parry, Head of Bain's Global Oil and Gas Practice, contributed as a front row panelist.

More economies making environmental and energy security priority considerations in their energy policies have set in motion a trend towards reducing dependence on hydrocarbons. Russia enjoys immense hydrocarbon reserves, which are accessible, competitively priced, and for which there is broad demand. How – and most importantly how quickly – will global decarbonization policies progress and what technology and trends will speed up this process? Should we expect a 'demand peak' for oil? What can be done today to ensure maximum appraisal of hydrocarbon reserves and would it be practical to speed up their monetization? How can we use the successful experience of countries that have diversified their economies by making broader use of natural resources? Considering macroeconomic trends in the oil and gas sector, can market equilibrium be achieved through cooperation between major oil exporters, even if in the short term?

Watch interview with Peter Parry at SPIEF 2017 (source: St. Petersburg International Economic Forum)