Bain uses cookies to improve functionality and performance of this site. More information can be found in our Privacy Policy. By continuing to browse this site, you consent to the use of cookies.

Bain Moscow

SPIEF

SPIEF

Again this year, Bain & Company's thought leadership was prominently featured throughout the 2018 St. Petersburg International Economic Forum (SPIEF), an annual international conference dedicated to addressing the most pressing global macroeconomic and business issues facing Russia and the world.

The meeting gathered 15,000 business leaders, leading scientists, public figures and members of the media from all over the world under the auspices of the President of the Russian Federation.

Transformations of the Competitive Landscape: Antimonopoly Regulation in a Digital Economy

Transformations of the Competitive Landscape: Antimonopoly Regulation in a Digital Economy

Laurent-Pierre Baculard, partner and leader, EMEA Digital Transformations practice, was a panelist and discussed transformation of competition and competitive/antimonopoly regulation in the Digital Era. He spoke about the dynamics and distinctive features of digital competition; visible and hidden challenges driven by disruptive and rapid changes in the markets; implications for governments, enterprises and customers; and adoptions required for competitive regulation in the context of the Digital Era.

The digital economy is presenting new challenges to antitrust authorities across the globe. Most of the world’s competition authorities are now faced with the need to reevaluate their approach to the markets of the new economy as digital giants aggregate enormous pools of data. How can the market situation be assessed, what approaches and mechanisms can be used in this dynamic environment, and most importantly, how is competition itself being transformed? How is industry reacting to the new trends, and how can a new equilibrium be achieved between innovation in industry and antitrust control?

"Digital increasingly plays an important role in the economy. Digital is bringing disruption, unprecedented speed of changes, reshaping markets and industries, creating new ecosystems and increasing importance of data. Competition no longer looks the same. Market boundaries are blurring, market share is no more a reliable indicator of market power."

Laurent-Pierre Baculard, Bain Partner and Leader, EMEA Digital Transformations Practice

SPIEF 2018 Videos

Share and Earn: The Sharing Economy

Share and Earn: The Sharing Economy

Marc-Andre Kamel, partner and leader, Global Retail practice, talked about the change in consumer habits in recent years, the various models for sharing that are emerging across different industries, implications for consumers and companies, and key success factors behind these models.

The sharing economy is a fast-growing socioeconomic model that facilitates the rational use or exchange of resources. It reduces the burden on the environment while enabling people from various countries to earn additional income. The companies operating in this sphere generally see profits of up to 15% of total turnover, with the remaining benefit going to users. The development of the sharing economy has brought a number of changes to society: the creation of a digital ecosystem with the participation of millions of consumers, the emergence of the "online reputation" phenomenon, allowing strangers to trust each other, "thanks" system guarantees, consumers prioritizing use over ownership, and the development of microentrepreneurship. What opportunities and risks does the development of the sharing economy entail? What impact does it have on traditional business models? How is regulation in this area developing?

 

"The trajectory of the global economy over the coming year is hard to predict, but the business environment will be more volatile over the next 20 years. Being able to recover quickly from change will become a priority for business. The retail industry is currently going through major change due to evolving habits. Companies that don’t evolve with these changes will not be able to thrive."

Marc-Andre Kamel, Leader of Bain's Global Retail Practice, Partner, Bain & Company, SPIEF2018

 

"China and India will continue to contribute to global economic growth while Russia will also see positive growth after a slow 2017, thanks to oil and gas prices. The oil and gas industry is at a very interesting turning point as the market for natural gases expands and the transition to a lower-carbon future continues."

Peter Parry, Leader of Global Oil and Gas Practice, Partner, Bain & Company, SPIEF 2018

Want to continue the conversation?

We help global leaders with their organization's most critical issues and opportunities. Together, we create enduring change and results.