In a new issue of BRICS Business Magazine dedicated to global challenges, IEMS experts discussed the future of BRICS. According to the experts, BRICS countries have the potential to develop in order to respond to global challenges that the world is facing today. Four scenarios for BRICS development are identified and described in the article. In addition, the experts came to the conclusion that the BRICS have to develop five B.R.I.C.S. components in order to be successful: Business, Regions, Innovation, Culture and Sustainability.