The demand for consulting companies such as PWC, MCKINSEY, BCG, KPMG and others has increased since Trump’s tariff ads.Jacques Taylor/Strenger/Getty Emoz
Consulting companies have witnessed an increase in demand since President Donald Trump began to impose customs duties.
Tell the leaders of McKinsey, BCG, PWC, KPMG and SIB that both old and new clients alike communicate.
“We are witnessing a double growth in our revenues and reservations in many sectors,” KPMG said.
President Donald TrumpThe customs tariff shook the financial markets, prompted the storage of consumers, and forced companies ready to strike down.
While Trump’s other efforts, Dog, have It hurts the consulting industryThe definitions, which aim to narrow the trade deficit of $ 1.2 trillion in the goods imported by the United States in 2024, did not save the services sector, and leave it yet Consulting He did not affect a large extent.
This puts them in a unique position to help companies that are trying to move in the transfer of trade dynamics and high costs. I tell the leaders of MCKINSEY & Company, Boston Consulting Group, PWC, SIB Consulting and KPMG Business Insider that it is often exploited by existing and new clients looking for guidance.
Christine Bouleh, PWC partner for customs and international trade that leads The four adults The BI tariffs advisory work has been told that since Trump’s announcement on April 2, PWC “definitely sees an increase in demand.”
She said that the customs tariff is a multi -dimensional problem, so multiple lines of PWC business, including financing, taxes, logistics and technology, are in demand, which leads to “double or three times” in attention from customers.
MCKINSEY & Company launched the practice of “Geocolitics” more than a year ago, as it told Cindy Levy, a large partner in the company, BI. She said: “Since then, we have seen attention from both the long and new customers-especially about the planning of the scenario, the multifunctional response, and the movement in an increasingly unconfirmed global environment,” she said.
MCKINSEY is heard from companies in many sectors, but especially from “highly exposed to commercial transformations”, including semiconductors, advanced manufacturing, cars, and electronics. Levy said that the company also sees “increasing interest” from the consumer sectors, which are especially sensitive to pricing and sources.
Rich Leader, the global president of BCG and Bi, told the company that the company has many “new conversations” with existing customers. “Trade and definitions were not a hot topic a year ago,” he said.
It is a good timing, somehow. As part of Elon MuskEffort White House office Doog To reduce costs, federal agencies were asked to review and justify their spending on consultants.
Several consulting companies previously told BI that government contracts constitute a large part of their income, which threatens the end result. Therefore, increasing demand from current companies’ customers – and the new interest from new companies – to obtain advice on the movement of Trump’s trade war was the necessary victory for consulting companies.
Less number said that customers are largely looking for a “insight into how to see this toys.” However, the customs tariff discussions also brought “renewable energy” to long -term questions about the leadership leadership Dependence of artificial intelligenceHe added.
SIB, a consultant to reduce costs, told Bi that she had witnessed a “remarkable increase in the investigations received since April 2”, based on the 43 % jump he witnessed after Trump took office.
“This is the last wave of interest clearly related to the costs of the tariff, as business leaders are preparing to fluctuate prices and their effects on their ripples through their supply chains and sellers contracts,” SIB, Chief of SIB.
In KPMG, Paul Henkosky, the company’s national operations leadership, said it is natural to see a rise in demand when there is a change in the government, but the height was “particularly sharp” during the past six months. “We are witnessing a double growth in our revenues and reservations in many sectors, and our pipeline has risen a year on an annual basis.”
Henkoski said he witnessed a strong demand for the most -related working lines: tax and trade in KPMG, supply chain services, risk and organizational compliance. “Certainly, any kind of economic shrinkage can affect us, but at the present time, we haven’t seen any material impact,” he said.
The markets have been volatile since Trump announced the definitions in April.Charly Triballeau/AFP via Getty Images
Customers are largely resorting to consulting companies to obtain guidelines on how to move the expected uncertainty in the short term.
Liser said that BCG agents want to “land the 2025 plane in a reasonable way.” However, they are aware that this is just a “one leg of a long -term journey”.
While companies focus on managing instant disorders-from supply chain shocks to transformations in the competitive scene-many also restore their long-term strategies, including investment in capital and talent.
“Everyone feels that this is not a time to do big investments when you don’t know the environment in which she works,” said Lesser. “This begins to customize the capital, but it extends to the amount of employment that must be done in an uncertain scene.”
McKinsey tax said that the great anxiety of customers is to maintain competition. “We see companies focusing not only on the management of the turmoil, but also on the place where they can play the crime – whether it is diverse supply chains, moves faster than competitors, or discovering holes in a changing scene.”
The PWC tariff progress said that there is a request from current customers who already have dedicated dedicated strategies, but they need to know how to adjust the variable scene.
Big companies are concerned about their investment strategies, whether they can employ new people, The fingerprint manufacturingAnd how they can expand operations.
She said that PWC also hears from new companies that were not previously affected by definitions and lacks “muscle memory on how to be a strategy in this field.”
Industrial manufacturing companies said to help disrupt the customs tariff.Megan Gillinger/AFP via Getty Images
Bouleh said that the impact of definitions may be sufficient to survey the ability of smaller companies to continue to work. She said they want to understand the effects and work on possible strategies.
Hencoski from KPMG said his customers “are looking for calm in the storm.”
He said that the strongest demand comes from the industrial manufacturing sector, where companies need to find alternative sources for components and materials, and from the retail sector for consumers, as it comes to the product supply chain.
“There is absolutely a desire to take action now,” he added.
He said: “C-SUITE shareholders, their paintings, and their shareholders demand their review, and thus they actively accuse information while changing it every day and developing an action plan at the same time.”
SIB CEO also told BI that there is a sense of urgency from customers.
“We see a specific shift towards an immediate procedure. Most leaders realize that waiting may leave them open-especially if the sellers are already including the tariff increases in contracts or bills,” said Cobleland.
