Management consulting set to rise in Russia-Impact on buyers and suppliers

• Consulting market in Russia grew by 17% in 2012 and expected to further increase in the coming years compared to other European nations with a minor growth of 4-5%.
• This increase is primarily driven by Russia entering into World Trade Organization driving foreign companies from energy, natural resources and consumer products to establish in Russia and drive the need for emerging market strategy, operations consulting and efficiency improvement service lines.
• This demand is leading top suppliers and local suppliers to expand their expertise by acquiring niche consulting firms in Russia.
• Buyers of consulting are expected to have more supplier options and high negotiation opportunities owing to the increased market softness in consulting.

  Author: Raviteja Kothuri