Specialist consulting firms now have the long-term advantage from the current pandemic

Specialist consulting firms now have the long-term advantage from the current pandemic

While generalists from major consulting firms have historically thrived in the consulting landscape, advisory work needs to be more industry specific and trusted than ever before. The current Covid-19 crisis could lay the foundation for small and medium-sized consulting firms to become the new trusted and sparring partners for industries like aviation in the post pandemic era.

With the coronavirus pandemic resulting in a deep recession, the largest consulting firms are ultimately no more immune to the forces of disruption than any other industry. The consulting industry is primarily human-driven, and the golden rule of this industry is to charge the clients with hourly fees, rather than outcome or value-based pricing.

Consulting is much more than trading advice for money; it is more like a bundle of different types of services and functions bound up in a prestigious, expensive package.

Management consultancies, auditing firms and even creative agencies are all heading down the same road, but what got them here, might not take them further

As a client-driven industry, with clients' needs changing constantly, consulting firms are forced to adapt their services, structure and operations quickly to remain competitive. Being nimble, flexible and agile has arguably never been more apparent than during this unprecedented