Press Releases

Boston Consulting Group Reaches Resolution with US Department of Justice

BCG Voluntarily Self-Disclosed Matter to the DOJ and Fully Cooperated with the DOJBCG Will Disgorge Related Profits from Past Activities in AngolaSignificant Investments Made by BCG to Enhance Risk and Compliance ProgramsBOSTON—The US Department of Justice (DOJ) declined to prosecute BCG under the Foreign Corrupt Practices Act for conduct related to certain employees’ activities in Angola from 2011 to 2017. In declining to prosecute, the DOJ cited BCG’s voluntary self-disclosure, full cooperation, and compliance enhancements. In resolving the matter, BCG will disgorge $14.4 million, which the DOJ calculated to reflect BCG’s profits from the impacted work in Angola.

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Almost 40% of European High-End Buyers Are Looking to Purchase Their First Electric Vehicle in the Next 12 Months–If the Product Experience Is Right

A New Wave of High-End Buyers Is Ready to Make the Change From Internal Combustion Engines If Their Needs and Concerns Are AddressedCharging Experience and Range Are the Biggest Hurdles to AdoptionCharging and Range Concerns Significantly Lower for Those Who Have Driven a Battery Electric VehicleSafety, Comfort, and Sustainability Are the Key Purchasing Criteria, along with the Digital and Tech ExperienceBOSTON—After a slowdown in the European battery electric vehicle market, a new wave of high-end buyers shows potential to drive a recovery. Thirty-eight percent of high-end consumers looking at a car purchase of €80,000 or more within the next year are considering a battery electric vehicle. Among these prospective buyers, 64% would choose an electric vehicle over an internal combustion engine alternative if the models offered the same specifications. However, to capture this growing segment, electric vehicle manufacturers must prioritize addressing customer needs and alleviating key concerns. These are among the findings of a new Boston Consulting Group (BCG) study, Europe’s High-End Buyers Rethink EV Ownership, released today.

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GenAI Investment to Grow 30%, with High Maturity Companies Projecting Three Times Higher ROI Over the Next Three Years than Low-Adoption Peers

Boston Consulting Group’s Seventh IT Spending Pulse Survey Reveals Steady Modest Increase in Global IT Budgets, Rising to 3.3% in 2024 from 3.2% the Previous YearLeaders Will Focus Spending in High-Growth Areas, Including Artificial Intelligence and Machine Learning, Security Infrastructure, Cloud Services, and AnalyticsThe Primary Barrier to GenAI Adoption is the Technology’s Immaturity, Cited by 43% of High-Maturity Companies, 36% of Mid-Maturity Companies, and 50% of Low-Maturity CompaniesGenAI Allocation is Expected to Rise From 4.7% to 7.6% by 2027, with a 60% Growth Forecast Over the Next Three YearsBOSTON—With modest GDP growth and stagnant budgets, organizations around the world are finding it necessary to reallocate funds from mature areas to support IT investments. While cloud and security continue to be key priorities, generative AI (GenAI) is increasingly taking the spotlight as companies strive for significant productivity improvements. GenAI investment is expected to grow 30%, with leaders from companies with high GenAI maturity anticipating their return on investment will be three-times higher over the next three years than that of companies with little or no adoption of the technology, according to a new report by Boston Consulting Group (BCG) released today.

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Increasing the Share of Alternative Proteins to Half the Global Protein Market Would Cut Emissions as Much as Taking Half of Gas-Fueled Cars Off the Road

Animal Agriculture Produces 15% to 20% of Green House Gas Emissions, More than Cars, Motorcycles, and Passenger Light Vehicles Put TogetherIn 2023, 18% of Car Sales Were Electric VehiclesPlant-Based Meat Accounts for Only 1% of Meat Dollar Sales in US RetailThe Alternative Protein Industry Received $635 Million in Government Support in 2022, Compared with $40 Billion for Electric Vehicles BOSTON—Growing the share of alternative proteins to half of the global protein market, including dairy, would reduce agriculture and land use greenhouse gas emissions by almost a third by 2050. It would mitigate 5 gigatons of CO2 equivalents annually, the equivalent of taking 50% of gas-fueled cars off the road. However, while the electric vehicle industry grew from 0.2% of total new car sales in 2012 to 18% in 2023, the alternative protein share of the protein market remains relatively small. Plant-based meat has hovered around 1% of total meat dollar sales in US retail for the past five years. These are among the findings of a new report being released today by Boston Consulting Group (BCG), The Good Food Institute (GFI), and Synthesis Capital titled What the Alternative Protein Industry Can Learn from EV Companies.