In this episode of our competition podcast, Thinking Competition, Gonçalo Machado Borges and Álvaro Nascimento discuss economies of scale, efficiencies and corporate consolidation. Álvaro Nascimento is an economist with a PhD in Finance from the UK’s Cass Business School. Among many other achievements, he was a director and later Chairman at Caixa Geral de Depósitos and a consultant to BPI and Sonae. He headed the Católica Porto Business School for several years and is currently Dean at Fernando Pessoa University. In this episode, we talk about the advantages and limitations of consolidation and the way companies organize themselves in today’s markets.