Bain & Company

ESG is Causing Very Real Business Headaches in 2023 and is More than Just a PR Concern, According to ALM's New Pacesetter Report

Retrieved on: 
Wednesday, September 13, 2023
Diamond, Boston Consulting Group, Intelligence, Pressure, GHD, Korn Ferry, AXA, EY, PwC, GEP, FTI Consulting, Risk management, Anthesis, Research, McKinsey & Company, BCG, BDO, ALM, Allianz, ESG, Bain & Company, KPMG, Piper, ROI, DLA Piper, Sales

NEW YORK, Sept. 13, 2023 /PRNewswire-PRWeb/ -- New York, NY - September 13, 2023–A new report from Law.com Compass Pacesetter Research (previously known as ALM Intelligence Pacesetter Research) finds that professional service providers and their clients are facing growing pressure to implement ESG-related programs from legislators, investors, and the business ecosystem (e.g., media, consumers, stakeholders, customers). This pressure from stakeholders to hold businesses accountable is countered by vague standards and metrics, uncertain ROI, and the growing politicization of the ESG concept, putting organizations between a rock and a hard place. As a result, the service emphasis among innovators in professional services has moved from a compliance checklist approach to one that is proactive and strategic, elevating the importance of incorporating ESG principles into an active risk management strategy. This grounding of ESG in a business and risk management context has favored those service providers best able to align an effective, proactive ESG framework with the overall business strategy to deliver long-term value.

Key Points: 
  • This grounding of ESG in a business and risk management context has favored those service providers best able to align an effective, proactive ESG framework with the overall business strategy to deliver long-term value.
  • As detailed in the report, Innovators in 2023 focus on risk mitigation and optimizing opportunities, helping clients build long-term value.
  • In this three-part Law.com Compass Pacesetter Research series on ESG, our first 2023-2024 report is on the "E": Environmental.
  • To learn more about the research or to obtain the full version of the ESG: Environmental report, go to: https://www.alm.com/intelligence/pacesetter-research-2/esg-environmental/ .

Bain & Company and KLAS study finds 80% of US healthcare providers are accelerating spending on IT and software with AI top of mind

Retrieved on: 
Tuesday, September 12, 2023
Interview, Health, Marketing, Health care, RCM, Research Institute of Healthcare Organization and Medical Management of Moscow Department of Healthcare, Research, KLAS, Privacy, IT, Hospital, Investment, EHR, Academic medical centre, Patient, Ethics, Growth, Bain & Company, Health information management, Software, Nursing, Medical device, AI

NEW YORK, Sept. 12, 2023 /PRNewswire/ -- A new study from Bain & Company and KLAS Research shows US healthcare providers are accelerating spending on IT and software. The research shows nearly 80% of healthcare executives say they increased spending materially over the past year, spurred by emerging technologies—particularly generative AI—labor shortages, and cost pressures. The survey of more than 200 US healthcare provider executives showed nearly 75% are expecting growth in software and technology spending to continue over the next year. These are among the findings of Bain and KLAS's 2023 Healthcare Provider IT Report, released today.

Key Points: 
  • NEW YORK, Sept. 12, 2023 /PRNewswire/ -- A new study from Bain & Company and KLAS Research shows US healthcare providers are accelerating spending on IT and software.
  • The survey of more than 200 US healthcare provider executives showed nearly 75% are expecting growth in software and technology spending to continue over the next year.
  • These are among the findings of Bain and KLAS's 2023 Healthcare Provider IT Report , released today.
  • "Increasingly, healthcare technology is helping providers improve outcomes, engage patients, optimize finances, and enhance operations—which is driving increased spending on IT and software," said Adam Gale, CEO of KLAS Research.

Bain & Company forecasts US retail sales to grow by 3% this holiday season, the lowest holiday growth rate since 2018

Retrieved on: 
Monday, September 11, 2023
Food, Yoy, Growth, Bain & Company, Editor's Note, Lead, Interview, Face, Marketing, Retail

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- Bain & Company forecasts nominal US retail sales to slow this holiday season, with the lowest growth rate since 2018. Unadjusted seasonal sales are expected to grow 3.0% year-over-year (YoY) in November and December, reaching nearly $915 billion, with 90% of the growth coming from nonstore (e-commerce and mail-order) sales. However, adjusting for inflation, real US holiday retail sales growth will be sluggish at just 1.0%, well below the 10-year average and the lowest real sales growth since the financial crisis. Bain explores this and other insights for the upcoming holiday season in its annual Retail Holiday Newsletter series.

Key Points: 
  • NEW YORK, Sept. 11, 2023 /PRNewswire/ -- Bain & Company forecasts nominal US retail sales to slow this holiday season, with the lowest growth rate since 2018.
  • However, adjusting for inflation, real US holiday retail sales growth will be sluggish at just 1.0%, well below the 10-year average and the lowest real sales growth since the financial crisis.
  • Bain explores this and other insights for the upcoming holiday season in its annual Retail Holiday Newsletter series.
  • According to Bain & Company's analysis, US retail sales have been relatively slow in 2023, up 4.0% YoY, on a nominal basis.

Energy sectors returning increasing amounts of capital to shareholders instead of reinvesting into low-carbon growth areas

Retrieved on: 
Thursday, September 7, 2023
Rivers State Ministry of Energy and Natural Resources, Mineral, Interview, Metal, Tax, Energy, Research, Bain & Company, Recycling, IRA, Natural Resources, Public expenditure, Nature, Climate change, Investment, Nickel, Inflation Reduction Act of 2022, Growth, Cobalt, Lithium, Renewable energy, EU

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Although the world's committed investments fall far short of the annual capital required to reach net zero by 2050, capital itself isn't necessarily the constraining factor in the energy transition. It's available in most energy and natural resource industries, but instead of being reinvested into low-carbon growth areas, an increasing percentage is being returned to shareholders. In the oil & gas sector, for example, only 43% of capital was reinvested for growth in 2022, down from 58% in 2018. The mining sector reinvested 44% in 2022, down from 56%. These are among the findings of Bain & Company's Global Energy and Natural Resources report.

Key Points: 
  • It's available in most energy and natural resource industries, but instead of being reinvested into low-carbon growth areas, an increasing percentage is being returned to shareholders.
  • In the oil & gas sector, for example, only 43% of capital was reinvested for growth in 2022, down from 58% in 2018.
  • The report reveals that only 19% of energy and natural resource executives surveyed see capital scarcity as a barrier to scaling up low-carbon businesses.
  • According to Bain research, 125 of the top energy and natural resource firms by market capitalization continue to modestly increase capital allocated to low-carbon growth areas.

ZoomInfo Executives to Host Go-To-Market Event Series in San Francisco During Dreamforce 2023

Retrieved on: 
Wednesday, September 6, 2023
Software, Professional Services, Business, Search Engine Marketing, Data Management, Technology, Small Business, Artificial Intelligence, Digital Marketing, Data Analytics, Marketing, Content Marketing, Communications, Partnership, Food, Marriott Marquis, Schuck, Research, Splash, Anthropization, Snowflake, SPIN, Bain & Company, GTM, Salesforce, AI, Washington Marriott Marquis, ZI, Management, Sales, The District, ZoomInfo

ZoomInfo (NASDAQ: ZI), the go-to-market platform to find, acquire, and grow customers, will host a series of go-to-market (GTM) events surrounding the Dreamforce 2023 conference Sept. 12-14 in San Francisco.

Key Points: 
  • ZoomInfo (NASDAQ: ZI), the go-to-market platform to find, acquire, and grow customers, will host a series of go-to-market (GTM) events surrounding the Dreamforce 2023 conference Sept. 12-14 in San Francisco.
  • “We’re excited to bring our GTM leadership series and AI + GTM workshop to downtown San Francisco next week,” ZoomInfo CEO Henry Schuck said.
  • ZoomInfo wraps up the week in San Francisco with a ping pong tournament at SPIN.
  • (Thursday, Sept. 14 from 4:00-7:00 p.m. at SPIN, 690 Folsom St. #100)
    For more information or to reserve your spot at any of these events, please visit ZoomInfo’s Dreamforce 2023 landing page .

Comstock Appoints former JBGS Executive David Paul to Board of Directors

Retrieved on: 
Wednesday, September 6, 2023
Commercial Building & Real Estate, Urban Planning, Construction & Property, REIT, Other Transport, Interior Design, Rail, Building Systems, Architecture, Transport, Other Construction & Property, Comstock, Tuck School of Business, Business, JBG, MBA, Multimedia, Vanderbilt University, Bain & Company, Trust, Retirement, Investment, Trustee, Dartmouth, CHCI, Bain, Growth, NYSE, Management

View the full release here: https://www.businesswire.com/news/home/20230906582762/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230906582762/en/
    Mr. Paul is a seasoned real estate executive and former President and Chief Operating Officer of JBG SMITH (NYSE: JBGS), a publicly traded real estate investment trust.
  • Mr. Paul holds a bachelor’s degree from Vanderbilt University and an MBA from the Tuck School of Business at Dartmouth.
  • “David is an excellent addition to the Comstock Board, bringing a wealth of industry-specific knowledge and experience that will greatly benefit Comstock’s growth and expansion plans,” said Chris Clemente, Chairman and Chief Executive Officer of Comstock.
  • I look forward to applying my real estate experience as a board member to help Comstock continue to build a high-performing portfolio of assets.”

Christophe Van de Weyer Joins Telesign as New CEO

Retrieved on: 
Tuesday, September 5, 2023
Van de Weyer, Christopher Van Hollen (diplomat), Telecom, Continuity, Business, Stanford University, Proximus, Stanford Graduate School of Business, Digital identity, Proximus Group, Acquisition, Route Mobile, Growth, Bain & Company, DI, Management, TeleSign

LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Telesign , the leading provider of customer identity and engagement solutions, announced today the appointment of Christophe Van de Weyer as CEO, effective September 15, 2023.

Key Points: 
  • LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Telesign , the leading provider of customer identity and engagement solutions, announced today the appointment of Christophe Van de Weyer as CEO, effective September 15, 2023.
  • As CEO, Van de Weyer will lead Telesign in its next stage of growth as a leading provider of customer identity and engagement solutions.
  • Upon close of the deal, Van de Weyer will lead Digital Identity (DI) activities across the group.
  • “I’m honored to be appointed CEO and to be part of an organization that contributes positively to building a safer digital world,” said Van de Weyer.

Sung-Dae Hong Joins StatLab as Chief Executive Officer

Retrieved on: 
Thursday, August 31, 2023
Other Manufacturing, Research, Medical Devices, Hospitals, Chemicals, Plastics, Manufacturing, Health, General Health, Science, Interim, Multimedia, Thermo Fisher Scientific, Strategic management, DAE, Bain, Growth, Bain & Company, Management

StatLab Medical Products (“StatLab” or “the Company”), a developer and manufacturer of diagnostic supplies and equipment, is pleased to announce that its Board of Directors has appointed Sung-Dae (Dae) Hong as Chief Executive Officer (CEO) and Board Member, effective August 28, 2023.

Key Points: 
  • StatLab Medical Products (“StatLab” or “the Company”), a developer and manufacturer of diagnostic supplies and equipment, is pleased to announce that its Board of Directors has appointed Sung-Dae (Dae) Hong as Chief Executive Officer (CEO) and Board Member, effective August 28, 2023.
  • Joe Bernardo, Executive Chairman and Linden Operating Partner, has been serving as Interim CEO and will continue in his role as Board Chairman.
  • Dae's experience in driving strategic growth through manufacturing and M&A aligns well with the opportunity facing the Company."
  • Dae brings over twenty years of global strategy and general management experience to StatLab.

SureWerx Appoints Steve Alden as its Chief Financial Officer

Retrieved on: 
Wednesday, August 30, 2023
Other Retail, Other Manufacturing, Chemicals, Plastics, Technology, Supply Chain Management, Manufacturing, Retail, Other Technology, University, Personal protective equipment, Senior advisor, AAR Corp, MBA, Certified Public Accountant, BBA, Acquisition, AIR, University of Massachusetts, Corporation, CPA, Harvard Business School, CFO, Growth, Bain & Company, KPMG, Financial management, NYSE, Maintenance (technical), Safety, Corporate development, Management, Culligan

SureWerx, a leading global supplier of personal protective equipment, safety gear, and tool solutions, is pleased to announce the appointment of Steve Alden as its Chief Financial Officer (CFO), effective today.

Key Points: 
  • SureWerx, a leading global supplier of personal protective equipment, safety gear, and tool solutions, is pleased to announce the appointment of Steve Alden as its Chief Financial Officer (CFO), effective today.
  • In this role, Steve will be responsible for the financial management of the company in addition to driving strategic growth and operational excellence.
  • Steve succeeds outgoing CFO Kevin Karr, who will continue work in a part-time role as the Senior Advisor, Corporate Development at SureWerx.
  • With a proven track record of financial leadership, Steve brings to SureWerx significant experience in acquisition integration, system enhancements, and value creation across distribution, manufacturing, and services businesses.

Consumers want more sustainable product packaging, but struggle to identify it

Retrieved on: 
Wednesday, August 30, 2023
Pressure, Uncertainty, Carbon accounting, Shoulder, Interview, Research, Bain & Company, Carbon, Biodiversity, Biodiversity loss, Forestry, EBITDA, Sustainability, Water, Paper, Packaging and labeling, Artificial intelligence, Growth, Transport, Glass, Geography, Renewable energy, Security (finance), Recycling

NEW YORK, Aug. 30, 2023 /PRNewswire/ -- In light of overflowing landfills and oceans littered with plastic waste, packaging companies are under growing scrutiny from regulators and consumers to develop more circular, sustainable products.

Key Points: 
  • But while consumers are increasingly concerned, many struggle to identify sustainable packaging.
  • However, when it comes to picking a packaging material—from paper to plastic to metal to glass—there's no clear winner.
  • Paper may have an edge, but the most sustainable option can vary greatly by application and geography.
  • As the industry grows, so too do its decarbonization ambitions, but most paper and packaging companies can do much more.