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BCG in the News

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    Forbes

    How to Make Sure Your Employees Enjoy Their Work

    In her column for Forbes, BCG’s Deborah Lovich urges business leaders to experiment with GenAI to reduce the tediousness of administrative work and allow more time for employees to connect. A BCG survey found that activities involving collaboration with others and team building are most closely linked with enjoying work, and those who enjoy their work are 40% less likely to look for another job. “Companies everywhere are generating flexible new technology and GenAI-driven ways to deliver customer value and productivity. The data tells us that we need to add joy at work to the list of goals as well,” Lovich writes.

    Business Standard

    Despite Headwinds, M&A Activity Expected to Pick Up in 2024  

    Business Standard highlights the 20th edition of BCG’s global M&A Report, which revealed that deal volume decreased by 14% and deal value fell by 41% through the end of August 2023 compared to the same period in 2022. Although challenges for dealmakers remain, the report found that M&A activity appears to be stabilizing as sustainability and digital initiatives remain pivotal drivers for both acquisitions and divestitures. “We’re relatively optimistic about the outlook for 2024, as deal activity shows promising signs of recovery,” says BCG’s Jens Kengelbach.

    The Economic Times

    Digital Health Care on the Rise in India

    In The Economic Times, BCG’s Priyanka Aggarwal explains that post-pandemic, accessing health care digitally has become a new habit for Indian consumers. Joint research from BCG and B Capital found that India’s digital health care industry could generate $37 billion in revenue by 2030—up from $2.7 billion in 2022. Aggarwal says that partnerships on the supply side, such as business-to-business or innovative insurance plays, have led to an evolution of ecosystems instead of siloed business models across the industry.

    City A.M.

    Retailers: To Remain Competitive, Embrace GenAI

    In City A.M., BCG’s Ajay Chowdhury urges retailers to incorporate GenAI into their online shopping platforms to remain competitive against increasingly powerful e-commerce forces. Beyond personalized shopping recommendations, GenAI can also provide enhanced customer service, increased fraud protection, optimized supply chain routes, and better inventory management. “We’re certainly recommending to all our clients that they start experimenting with this. And you will get left behind if you don’t do it,” Chowdhury says.

    Vogue Business & Business of Fashion

    Fashion Industry Faces Massive Shortage of Sustainable Raw Materials

    In Vogue Business and Business of Fashion, BCG’s Jocelyn Wilkinson explains that fashion brands must dramatically increase their use of sustainable raw materials to meet their decarbonization targets and comply with increasing sustainability regulations. According to a report from BCG, Quantis, and Textile Exchange, the fashion and apparel industry could face a sustainable raw materials shortage of 133 million tons by 2030 if brands do not invest in these materials and incentivize suppliers to change their operations. “I do think this is a business model change,” says Wilkinson.

    The Wall Street Journal & USA Today

    BCG’s Game Changer Is a National Bestseller

    BCG’s new book, Game Changer: How Strategic Pricing Shapes Businesses, Markets, and Society, is a national bestseller, debuting at #4 on The Wall Street Journal’s Hardcover Business Bestselling Books, and at #18 on USA Today’s Best-Selling Booklist. The book, authored by BCG’s Jean-Manuel Izaret and Arnab Sinha, highlights an approach to strategic pricing that promises winning strategies for greater and fairer value to the buyer and seller, and to society at large.

    Bloomberg

    GenAI’s Long Runway

    On Bloomberg’s Tech Disruptors podcast, BCG’s Global Chair Rich Lesser predicts that as business leaders regain confidence in the economy and the GenAI revolution accelerates, there will be a big push for innovation in the coming years. Lesser encourages leaders to utilize AI to rethink function operations, bring new capabilities to customers, and build competitive advantage. “I have been doing this for 35 years, and I have never seen a technology have such a fundamental change in the dialogue with clients in such a short space of time,” Lesser says.

    Planta Doce

    Cómo la IA y la tecnología pueden elevar la calidad de la atención médica

    La Inteligencia Artificial aplicada a Sanidad crecerá un 85% hasta 2027. Pero para desarrollar todo el potencial de la IA en el sector es fundamental, en palabras de María López, Managing Director & Partner, líder del área de Health Care en Iberia y Sudamérica en Boston Consulting Group "que los responsables de hospitales y las organizaciones médicas comprendan que la generación de valor con la IA va más allá de los algoritmos y la infraestructura tecnológica. De hecho el 70% de ese valor reside en la transformación de los procesos internos y en la capacitación del personal que debe liderar la adaptación de la organización".

    Forbes

    Reimagining Childcare for Frontline and Hourly Workers

    Writing in Forbes, BCG’s Deborah Lovich explains that when rigid work schedules collide with sick children or ill caregivers, “deskless” workers—those who cannot work remotely—are often left to choose between jobs and family. But, when companies start to think creatively about care offerings, employees feel more supported, unplanned absences decrease, and business outcomes improve. “There are so many ways we can improve work for all employees and create value for the organization, the worker, and their families,” Lovich says.

    Fortune

    Spiking Long-Term Interest Rates: Bad Omen or Sign of Strength for US Economy?

    Writing in Fortune, BCG’s Philipp Carlsson-Szlezak and Paul Swartz explain that rising long-term interest rates are not necessarily a sign of imminent recession and may instead be a sign of economic strength for the US economy. Despite signs that the financial system is vulnerable to shifts in the interest rate environment, monetary policy works via channels of financial stress and business failure. “Real and present microeconomic stress and pain should not obscure the fact that high long rates are a result—and a sign—of macroeconomic strength,” note the authors

    Reuters

    Carbon Removal Aims to Shed Its “Wild West” Reputation

    In Reuters, BCG’s Global Chair Rich Lesser explains that carbon removal techniques such as direct air capture must be a part of net-zero strategies to ultimately achieve reasonable temperature ranges. Despite some doubt about the efficacy of carbon removal, an increasing number of companies are purchasing carbon removal credits to help reach their carbon emissions goals. “If we don’t think removals are important, then I don’t think we’re looking at the science,” Lesser says.

    The Wall Street Journal

    Bringing the Office to Remote Workers

    In The Wall Street Journal, BCG’s Brian Gross and Caroline Giese explain how opening satellite offices to accommodate employees who relocated during the pandemic can help companies attract and retain talented workers. A BCG survey underscored the importance of flexible work options, revealing that employees who are dissatisfied with their work flexibility are more than twice as likely to consider leaving their organization in the next year. Although employees in satellite offices often don’t work on the same teams, staff members are exposed to company culture and have opportunities to collaborate, Gross says.