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Latest Reports
Report
Why leadership systems fail women and how to fix them

As we enter 2026, the global share of women in executive leadership has fallen below 31%, reversing decades of slow but steady progress – despite unprecedented investment in leadership development, diversity initiatives, and gender equity commitments. This is not a paradox. It is evidence of a system that no longer matches the realities of leade…

Diversity and Equity and Inclusion Leadership
By Ginka Toegel, Heather Cairns-Lee and Alexander Fleischmann
IMD White Paper, 1 January 2026
Why leadership systems fail women and how to fix them
By Ginka Toegel Heather Cairns-Lee and Alexander Fleischmann
IMD White Paper, 1 January 2026
Summary
As we enter 2026, the global share of women in executive leadership has fallen below 31%, reversing decades of slow but steady progress – despite unprecedented investment in leadership development, diversity initiatives, and gender equity commitments. This is not a paradox. It is evidence of a system that no longer matches the realities of leade…
Copyright ©2026
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Report
The global family office report

Family offices are experiencing a profound transformation. Once quiet back-office structures, they have become strategic engines at the heart of family wealth, legacy, and innovation. This report, a collaboration between IMD and FBN, explores how family offices evolve, adapt, and redefine themselves as families grow, generations shift, and the p…

Family Business
By Peter Vogel, Alexis de Blicquy, Christine Gaucher and Anouk Lavoie
IMD Global Family Business Center, December 2025
The global family office report
By Peter Vogel Alexis de Blicquy Christine Gaucher and Anouk Lavoie
IMD Global Family Business Center, December 2025
Summary
Family offices are experiencing a profound transformation. Once quiet back-office structures, they have become strategic engines at the heart of family wealth, legacy, and innovation. This report, a collaboration between IMD and FBN, explores how family offices evolve, adapt, and redefine themselves as families grow, generations shift, and the p…
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Report
The future of the energy transition: Building resilient energy systems for a fragmented world

This report reveals: • Which technologies are scaling profitably and which remain speculative. • How front runners are reconfiguring supply chains and capturing superior returns amid uncertainty. • The critical geopolitical risks that will shape the 2030s. • The strategic moves separating tomorrow’s leaders from the stranded. The path to cleane…

Sustainability
By Julia Katharina Binder and Knut Bjarne Haanaes
IMD White Paper, 1 December 2025
The future of the energy transition: Building resilient energy systems for a fragmented world
By Julia Katharina Binder and Knut Bjarne Haanaes
IMD White Paper, 1 December 2025
Summary
This report reveals: • Which technologies are scaling profitably and which remain speculative. • How front runners are reconfiguring supply chains and capturing superior returns amid uncertainty. • The critical geopolitical risks that will shape the 2030s. • The strategic moves separating tomorrow’s leaders from the stranded. The path to cleane…
Copyright ©2025
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Available Languages English
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Report
Built for shocks: The companies that keep winning when the game changes

What the 2025 Future Readiness Indicator reveals about tech, pharma, and fashion.

Future Readiness
By Howard H. Yu, Jialu Shan, Lawrence Tempel, Alexandre Sonderegger and Anqi Miao
IMD White Paper, 25 November 2025
Built for shocks: The companies that keep winning when the game changes
By Howard H. Yu Jialu Shan Lawrence Tempel Alexandre Sonderegger and Anqi Miao
IMD White Paper, 25 November 2025
Summary
What the 2025 Future Readiness Indicator reveals about tech, pharma, and fashion.
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Report
AI strategies that are working

IMD’s 2025 AI Maturity Index highlights how leaders of the most successful companies are scaling AI technologies across 10 industries for competitive advantage

Artificial Intelligence Strategy
By Tomoko Yokoi, Michael R. Wade and Jialu Shan
IMD White Paper, November 2025
AI strategies that are working
By Tomoko Yokoi Michael R. Wade and Jialu Shan
IMD White Paper, November 2025
Summary
IMD’s 2025 AI Maturity Index highlights how leaders of the most successful companies are scaling AI technologies across 10 industries for competitive advantage
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Report
Industrial policy since the great financial crisis

This paper extends the New Industrial Policy Observatory (NIPO) dataset from 2009 to 2023 by employing large language model techniques to identify policy motivations. We document widespread industrial policy adoption across advanced and emerging market economies since the Great Financial Crisis, which was implemented primarily through subsidies …

Economics
By Simon J. Evenett, Adam Jakubik, Jaden Kim, Fernando Martín Espejo and et al.
International Monetary Fund Working Paper 2025
Industrial policy since the great financial crisis
By Simon J. Evenett Adam Jakubik Jaden Kim Fernando Martín Espejo and et al.
International Monetary Fund Working Paper 2025
Summary
This paper extends the New Industrial Policy Observatory (NIPO) dataset from 2009 to 2023 by employing large language model techniques to identify policy motivations. We document widespread industrial policy adoption across advanced and emerging market economies since the Great Financial Crisis, which was implemented primarily through subsidies …
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Report
Assessing risk: A toolkit for measuring regional supply‑chain exposure to global shocks

This paper develops a new toolkit for analysing how global shocks affect the geographical and functional distribution of global value chains (GVCs) at the subnational level. Using the toolkit, which we call the shocks approach to indicator design, we derive a family of GVC indicators that distinguish between import and export‑side GVC exposure, …

Geopolitics Economics Supply Chain
By Richard Baldwin, Rebecca Freeman and Angelos Theodorakopoulos
Staff Working Paper No. 1,159, Bank of England, November 2025
Assessing risk: A toolkit for measuring regional supply‑chain exposure to global shocks
By Richard Baldwin Rebecca Freeman and Angelos Theodorakopoulos
Staff Working Paper No. 1,159, Bank of England, November 2025
Summary
This paper develops a new toolkit for analysing how global shocks affect the geographical and functional distribution of global value chains (GVCs) at the subnational level. Using the toolkit, which we call the shocks approach to indicator design, we derive a family of GVC indicators that distinguish between import and export‑side GVC exposure, …
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Report
IMD World Digital Competitiveness Ranking 2024: Reconfiguring digital strategies amid trade fragmentation

Switzerland leads 69 nations in digital competitiveness – but its position is threatened by trade fragmentation. Today’s trade fragmentation means countries and regions are in a race against time to find new strategic advantages in the digital sphere, says IMD’s 2025 Digital Competitiveness Ranking. Switzerland, the US, and Singapore are the mos…

Competitiveness Technology Management Digital
By Arturo Bris, William Milner, José Caballero, Fabian Grimm, Chinar Sharma and Alice Tozer
IMD World Competitiveness Center Report, November 2025
IMD World Digital Competitiveness Ranking 2024: Reconfiguring digital strategies amid trade fragmentation
By Arturo Bris William Milner José Caballero Fabian Grimm Chinar Sharma and Alice Tozer
IMD World Competitiveness Center Report, November 2025
Summary
Switzerland leads 69 nations in digital competitiveness – but its position is threatened by trade fragmentation. Today’s trade fragmentation means countries and regions are in a race against time to find new strategic advantages in the digital sphere, says IMD’s 2025 Digital Competitiveness Ranking. Switzerland, the US, and Singapore are the mos…
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Report
Can trading partners still hedge? U.S. poison pills and the limits of dual engagement

The United States has incorporated restrictive third-country provisions—informally referred to as “poison pills”—in three trade instruments: the 2018 United States-Mexico-Canada Agreement (USMCA), and very recently the 2025 United States-Malaysia Agreement on Reciprocal Trade (ART), and the 2025 United States-Cambodia ART. These provisions allow…

Geopolitics Economics
By Simon J. Evenett
Global Trade Alert, Zeitgeist Series Briefing no. 77, 31 October 2025
Can trading partners still hedge? U.S. poison pills and the limits of dual engagement
By Simon J. Evenett
Global Trade Alert, Zeitgeist Series Briefing no. 77, 31 October 2025
Summary
The United States has incorporated restrictive third-country provisions—informally referred to as “poison pills”—in three trade instruments: the 2018 United States-Mexico-Canada Agreement (USMCA), and very recently the 2025 United States-Malaysia Agreement on Reciprocal Trade (ART), and the 2025 United States-Cambodia ART. These provisions allow…
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Available Languages English
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Report
One by one: Bringing ASEAN trading nations into Washington’s orbit

Ahead of the 2025 ASEAN Leaders Summit in Kuala Lumpur, Malaysia, four texts were released by the White House relating to trade, investment, and security matters. The full text of two trade accords were released for Cambodia and Malaysia. Progress reports on talks with Thailand and Vietnam were released. What follows are reflections on the texts…

Economics Geopolitics
By Simon J. Evenett
Global Trade Alert, Zeitgeist Series Briefing no. 75, 27 October 2025
One by one: Bringing ASEAN trading nations into Washington’s orbit
By Simon J. Evenett
Global Trade Alert, Zeitgeist Series Briefing no. 75, 27 October 2025
Summary
Ahead of the 2025 ASEAN Leaders Summit in Kuala Lumpur, Malaysia, four texts were released by the White House relating to trade, investment, and security matters. The full text of two trade accords were released for Cambodia and Malaysia. Progress reports on talks with Thailand and Vietnam were released. What follows are reflections on the texts…
Copyright ©2025
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Available Languages English
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Report
Hinrich-IMD Sustainable Trade Index 2025

The STI weaves together the economic, societal, and environmental factors that underpin sustainable trade, assisting decision-makers in setting priorities for inclusive, long-term growth. This year’s report centers on the strategic trade-offs in sustainable trade. Developing economies often face direct tension between economic priorities and env…

Economics Global Business
By Arturo Bris, Christos Cabolis, Deborah Elms and Chuin Wei Yap
IMD World Competitiveness Center Report, October 2025
Hinrich-IMD Sustainable Trade Index 2025
By Arturo Bris Christos Cabolis Deborah Elms and Chuin Wei Yap
IMD World Competitiveness Center Report, October 2025
Summary
The STI weaves together the economic, societal, and environmental factors that underpin sustainable trade, assisting decision-makers in setting priorities for inclusive, long-term growth. This year’s report centers on the strategic trade-offs in sustainable trade. Developing economies often face direct tension between economic priorities and env…
Copyright ©2025
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Available Languages English
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Report
The future of supply chain

A decade of IMD survey data and interviews with five seasoned supply chain executives from diverse industries reveals supply chain has moved from the sidelines to the center of business strategy. Yet progress remains uneven. Based on the responses of more than 1,000 senior executives across 20 industries, this white paper finds: – Significant g…

Supply Chain
By Ralf W. Seifert
IMD White Paper, October 2025
The future of supply chain
By Ralf W. Seifert
IMD White Paper, October 2025
Summary
A decade of IMD survey data and interviews with five seasoned supply chain executives from diverse industries reveals supply chain has moved from the sidelines to the center of business strategy. Yet progress remains uneven. Based on the responses of more than 1,000 senior executives across 20 industries, this white paper finds: – Significant g…
Copyright ©2025
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Available Languages English
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Report
Voluntary biodiversity credits: A guide for business

This guide aims to help businesses navigate the rapidly evolving voluntary biodiversity credit (VBC) markets and decide whether and how to engage in VBCs. It is intended for companies that want to help halt biodiversity loss or restore and regenerate biodiversity in the context of nature-positive strategies. It is relevant for those with biodive…

Sustainability Strategy
By Adrian Dellecker, Julia Katharina Binder, Peter J. Stephenson and Luca Fumagalli
IMD White Paper, 23 September 2025
Voluntary biodiversity credits: A guide for business
By Adrian Dellecker Julia Katharina Binder Peter J. Stephenson and Luca Fumagalli
IMD White Paper, 23 September 2025
Summary
This guide aims to help businesses navigate the rapidly evolving voluntary biodiversity credit (VBC) markets and decide whether and how to engage in VBCs. It is intended for companies that want to help halt biodiversity loss or restore and regenerate biodiversity in the context of nature-positive strategies. It is relevant for those with biodive…
Copyright ©2025
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Report
IMD World Talent Ranking 2025

Moving the cogs in a country’s productivity system requires the right kind of talent. Let’s consider them the oil. The usefulness of this oil depends on all manner of inputs, such as the quality of the education system and the attractiveness of the country to foreigners. The output? A well-greased talent competitiveness machine. Of course, this …

Competitiveness Talent Management Data Analytics
By Arturo Bris, José Caballero, Fabian Grimm, Chinar Sharma, William Milner and Alice Tozer
IMD World Competitiveness Center Report, September 2025
IMD World Talent Ranking 2025
By Arturo Bris José Caballero Fabian Grimm Chinar Sharma William Milner and Alice Tozer
IMD World Competitiveness Center Report, September 2025
Summary
Moving the cogs in a country’s productivity system requires the right kind of talent. Let’s consider them the oil. The usefulness of this oil depends on all manner of inputs, such as the quality of the education system and the attractiveness of the country to foreigners. The output? A well-greased talent competitiveness machine. Of course, this …
Copyright ©2025
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Available Languages English
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Report
The August 2025 US-EU trade framework: The epitome of a binding-free trade understanding

Yesterday’s document amounts to little more than an update on the price the EU is prepared to pay to retain some access to the United States’ market and the plan of action—such as it is—going forward. To paraphrase Churchill, this represents the end of the beginning–not the beginning of the end. As this is not a binding accord, risk premia will…

Geopolitics Economics
By Simon J. Evenett
Global Trade Alert, Zeitgeist Series Briefing no. 72, 22 August 2025
The August 2025 US-EU trade framework: The epitome of a binding-free trade understanding
By Simon J. Evenett
Global Trade Alert, Zeitgeist Series Briefing no. 72, 22 August 2025
Summary
Yesterday’s document amounts to little more than an update on the price the EU is prepared to pay to retain some access to the United States’ market and the plan of action—such as it is—going forward. To paraphrase Churchill, this represents the end of the beginning–not the beginning of the end. As this is not a binding accord, risk premia will…
Copyright ©2025
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Available Languages English
Contact

Research Information & Knowledge Hub for additional information on IMD publications