Skip to Main

Press Releases

1135 Results
    " "

    Putting the Customer at the Center Can Turbocharge the Energy Transition

    Customer Centric Energy Transitions Can Move Two to Five Times Faster than Supply-Led TransitionsCustomer Centric Transitions Can Have a Rapid Impact in Three Sectors: Residential and Commercial Buildings, Transportation, and IndustryThe Opportunity Within These Sectors Covers 60% of Global Energy Demand and a Third of Greenhouse Gas EmissionsBOSTON—Low-carbon technologies currently deliver 42%, or 32 exajoules, more primary energy than in 2015, the year of the Paris Agreement, largely driven by supply-side forces. However, hydrocarbon demand also grew by 31 exajoules during the period. Addressing the demand as well as the supply side of the equation by placing the customer at the center of new sustainable energy offerings, could significantly accelerate the transition. Customer centric energy transitions can move two to five times faster than supply-led transitions, and have more staying power. These are among the findings of a new Boston Consulting Group (BCG) study, Turbocharging the Energy Transition by Boosting Customer Demand: Shifting from Should to Want, released today.

    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.
    " "

    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.
    " "

    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.
    Alternative Protein Industry Can Learn from EV Companies_hero_rectangle.jpg

    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.
    The-GenAI-Era-Unfolds-rectangle.jpg

    Global Financial Wealth Rebounds by 7% in 2023, Driven by Buoyant Equity Markets

    Financial Wealth Rebounded by Almost 7% in 2023, to $275 Trillion, After a 4% Decline in 2022Global Net Wealth—Composed of Financial Wealth, Liabilities, and Real Assets—Grew by 4.3% in 2023, to $477 TrillionNorth America Was Among the Fastest-Growing Regions, Accounting for More Than 50% of all New Financial Wealth in 2023BCG’s 24th Annual Global Wealth Report Highlights Generative AI as an Enabler for Operational Efficiencies and Improved Client ExperienceBOSTON—Global net wealth staged a significant recovery of 4.3% in 2023, after a difficult year in 2022. Much of the growth was due to a rebound in the financial market, as financial wealth—a subset of global net wealth—rose by almost 7%, following a 4% decline in 2022. Over the next five years, an estimated $92 trillion of financial wealth will be created.