Fortune 500’s World’s Top 10 Companies in 1997 vs 2022
23 December 2022•
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Economists around the world often look to the US to allude to what’s to come to the rest of the world. Just as America’s most powerful companies decades ago were heavy industrials, so were the Global 500’s powerhouses.
Twenty-five years ago, the Global 500’s top 10 companies in 1997 were Japanese and American heavy industrial corporations in energy, oil & gas, and automotive sectors, or were otherwise trading companies that shipped heavy industrial products and cars around the world.
Fast forward 25 years to 2021, only half of the Global Top 10 are industrials; the other half of the world’s largest companies are technology, healthcare and consumer retail companies.
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