A Gloomy Corporate Travel Prediction for Hedge Funds and Tech Firms
Photo Credit: Hedge funds are among the group of businesses that could never return to taking business trips. Unsplash / Ramon Kagie
Skift Take
A McKinsey partner has warned "digital adopters" may never see the point in returning to business travel as we used to know it.
Not only are consultancy firms, with their avid flyers, curbing travel, one of them now predicts hedge funds and technology firms could “never return” to taking business trips.
The likes of Capgemini and Cognizant plan to drastically reduce the number of business trips in 2022, while Bain wants to reduce the emissions caused by its own travel by about a third over the next five years.
Now, a partner at global consultancy McKinsey believes hedge funds and technology firms will call an end to business trips altogether.
“We think there are some themes on the different types of customers that will come back,” said Vik Krishnan during a webinar this week. “There’s the 'never returning' segment. T
