- Report year:2020
- Organisation: Foreign Policy
Today, a number of well-established legacy industries are facing growing pressure to innovate and transform to remain competitive in the global economy. ncreased governmental regulation; intensified global competition; and rising consumer, employee, and investor concerns over the environment, human rights, and global health are pushing companies to improve business practices and products. Failure to address and surmount these challenges could compromise these industries’ survival and may even render some companies obsolete.