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1023 Results
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    Despite Climate Concerns, Just 14% of Companies Reduced Carbon Emissions in Line with Ambitions Over the Past Five Years

    CO2 AI and BCG’s Third Annual Carbon Emissions Survey Indicates Companies Are Falling Short on Reduction Ambitions, Citing a Wide Array of ChallengesCompanies Have Significantly Improved Partial Measurement and Reporting of Scope 3 Emissions—Up 19 Percentage Points Since 2021, From 34% to 53%Asia Pacific Respondents Improved Comprehensive Emissions Reporting by 7 Percentage Points (PP) Since 2021; South American and North American Respondents Improved Scopes 1 and 2 Emissions Reporting By 9 PP Points and 5 PP, RespectivelyWhen Asked to Quantify Decarbonization, 40% of Survey Respondents Estimate an Annual Benefit of at Least $100 Million to Their BusinessWithin the Next Three Years; 30% of Companies Plan to Expand the Deployment of AI-Powered Tools to Improve Accuracy, Efficiency, and Decision-Making in Emissions ManagementBOSTON—As climate-related disasters intensify in frequency and severity, so does the economic impact on communities and businesses. Despite a responsibility to mitigate the crisis with emissions reductions in their operations and supply chains, companies have not made much progress in comprehensively measuring and reducing their emissions over the past year, according to a new study by CO2 AI and Boston Consulting Group (BCG) being released ahead of COP28, which begins at the end of the month.
    Bargain Hunters Set to Drive Record Black Friday | Hero

    Record Black Friday Predicted with 74% of Consumers Planning to Shop, as Cost-of-Living Crisis Drives Hunt for Bargains

    Average Spend Around November Sales Events Is Expected to Increase Between 3% and 22% Versus 2022, Depending on the Country SurveyedConsumers Are Turning to November Sales Less for High-End Items and More to Cover Their Basic NeedsConsumers Expect a Minimum 30% Discount for a Good Black Friday DealBOSTON—With the rising cost of living continuing to pinch household budgets, 74% of consumers say they intend to take advantage of deals during November sales events this year—an increase of 7 percentage points versus 2022. Over the course of this Black Friday, Cyber Monday, and Singles’ Day, US consumers plan to spend the most ($460), followed by Switzerland ($390), and Germany ($385). What’s more, average spend is expected to exceed 2022—in some countries, by as much as 22%. This record consumer spending, while partially driven by year-over-year inflation, also reflects a growing focus on deal hunting as consumers shift December holiday shopping to November to benefit from bargains.
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    E-Commerce Poised to Capture 41% of Global Retail Sales by 2027—Up from Just 18% in 2017

    New Research by Boston Consulting Group Explores E-Commerce Trends from the Beginning of the Pandemic to TodayE-Commerce Sales Increased by 3% in Europe and 7% in Both the US and Asia in 2022Global E-Commerce Growth Is Expected to Achieve a 9% Compound Annual Growth Rate Through 2027—More than Double Projected Brick-and-Mortar Retail Growth of a More Moderate 4%BOSTON—After tremendous acceleration throughout the pandemic, many retail and consumer packaged goods (CPG) companies faced a marked slowdown of online sales growth in 2022. And while consumers are returning to brick-and-mortar shops, e-commerce is still forecast to constitute 41% of global retail sales by 2027, a significant increase from its share of just 18% in 2017, according to new research released today by Boston Consulting Group (BCG).