New Delhi: Tesla, Lululemon, MasterCard and Google has emerged as the best company in each industry in terms of readiness for their future in the post-pandemic, according to a global study released on Wednesday.
Future Readiness Indicators report, released by the Swiss Institute for Management Development (IMD), studied more than a decade of data (2010 to 2021) to rank public companies against their competitors by way of their future is for the Economic post- pandemic and possible survival they are in a world of rapid change and often.
It has analyzed 86 top-selling company in the four highest revenue industry – fashion and retail, automotive, financial services, and technology.
Although no Indian companies in the list, the US leads the chart with 40 companies, followed by seven each from China and Germany; six each from France and Japan; four each from Switzerland and the United Kingdom; three from South Korea; two from Sweden; and each of Argentina, Canada, Italy, the Netherlands, Singapore, Spain, and Taiwan.
Professor Howard Yu, author of The Future Readiness Indicators, said the number of unicorns from India surpassed China for the first time in 2021 and billion dollar companies like Flipkart, Snapdeal, and Ola had kicked a storm in the Indian startup ecosystem.
“IT companies established a long history of bringing multinationals to the region.
But our rankings reveal the barriers do not exist in private companies, but at the infrastructure level to India – and it’s a problem the country must step up to address, not only at national level , “added Yu.
According to the professor, there is no top-rated company in the automotive sector which originated in India, but it is not because companies like Tata and Mahindra could not innovate.
“They can (innovate).
But smart vehicles of tomorrow largely based on software and electronics that interact with the city’s infrastructure.
Even for EV takeoff, you need a network supercharger.” Chinese automakers – Nio and BYD – – Do not just rely on their own ingenuity.
But they also benefit from advanced infrastructure built by the state.
It is impossible for Nio to develop a battery exchange station without the support of the state level, “said Yu.” Ease of doing business is still important.
More than four decades of liberalization propel India forward, but it still has a long way to compete on a global scale.
“The way the government handles the technology disruption will not exceed the global competition.
But the state government can and should act to keep India on the global map of companies to look out to 2022,” said the professor.
The study found that the company oriented to the new trends before the pandemic outpace their competitors, while Covid-19 has served as a dramatic test case, a valuable company that builds their skills earlier and reveal the institutional inertia of those who do not.
Appropriate research, Lululemon and Nike Sportswear brand ranked first and second, followed by luxury brand Hermes, Burberry, Dry, and LVMH in the fashion and retail segments.
In the automotive segment, Tesla has captured the top spot, while four traditional auto makers – Toyota, BMW, Ford, and Hyundai – hold the second to fifth position.
In the financial services sector, MasterCard and Visa led the rankings, followed by Ant Group, Square, and Paypal.
In the technology space, five companies rank above – Google, Amazon, Microsoft, Facebook, and a semiconductor company based in the US – all have entrepreneurial orientation, willingness to branch out of their core business, the ability to increase rapidly, and inner vision together about the future front, according the study.