Boston Consulting Group

Deep Tech Claims a 20% Share of Venture Capital, Surging Two-Fold in the Past Decade

Retrieved on: 
Tuesday, November 21, 2023

BOSTON, Nov. 21, 2023 /PRNewswire/ -- Deep technologies are technologies that aim to solve the world's most complex problems such as climate change, food shortages, and disease. Today, deep tech claims a stable 20% share of venture capital funding, up from about 10% a decade ago, according to a new report and research from Boston Consulting Group (BCG).

Key Points: 
  • Today, deep tech claims a stable 20% share of venture capital funding, up from about 10% a decade ago, according to a new report and research from Boston Consulting Group (BCG) .
  • The report, titled An Investor's Guide to Deep Tech , outlines the deep tech landscape for investors looking to enter the field.
  • But the size of the average deep tech investment has significantly increased, with many now reaching $100 million or more.
  • The US and China lead the world in absolute share of deep tech funding provided, with more than 60% and 12%, respectively.

VTEX Strengthens North American Team With Addition of Five Retail Industry Leaders to its Strategic Advisory Board

Retrieved on: 
Monday, November 20, 2023

The five new members bring significant retail and digital commerce experience from brands like Amazon, Overstock.com, and Louis Vuitton

Key Points: 
  • The five new members bring significant retail and digital commerce experience from brands like Amazon, Overstock.com, and Louis Vuitton
    NEW YORK, Nov. 20, 2023 VTEX (NYSE: VTEX), the global enterprise digital commerce platform, expands its Strategic Advisory Board with five retail industry leaders.
  • The five esteemed members joining the advisory board bring a wealth of experience and knowledge in the retail sector that will significantly enhance VTEX's ability to navigate the market's evolving opportunities.
  • Michael Relich has served as an advisory board member to multiple retail and ecommerce companies, such as Catch and Newmine, and has deep expertise in strategic planning, retail supply chain, investor relations, strategic planning, and more.
  • "We are honored to welcome these esteemed professionals to our Strategic Advisory Board," said Mariano Gomide de Faria, VTEX co-CEO.

$18 Trillion Capital Gap Is Threatening the Green Energy Transition

Retrieved on: 
Monday, November 20, 2023

BOSTON, Nov. 20, 2023 /PRNewswire/ -- Closing the $18 trillion gap to fund the green energy transition through 2030 is being slowed by negative investment conditions.

Key Points: 
  • BOSTON, Nov. 20, 2023 /PRNewswire/ -- Closing the $18 trillion gap to fund the green energy transition through 2030 is being slowed by negative investment conditions.
  • Total energy sector transactions exceeding $320 billion so far in 2023 show that the industry is fine-tuning capital frameworks for the energy transition, according to a publication released today by the Boston Consulting Group (BCG) Center for Energy Impact.
  • Titled Bridging the $18 Trillion Gap in Net Zero Capital , the report is based on an analysis of 260 of the world's largest energy companies across power and utilities, oil and gas, and private equity.
  • The publication builds on the recent BCG Center for Energy Impact report The Energy Transition Blueprint, which showed that an investment of $37 trillion is needed by 2030 to finance the energy transition.

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

Retrieved on: 
Thursday, November 16, 2023

CO2 AI and BCG surveyed 1,850 executives responsible for emissions measurement, reporting, and reduction in their organizations across 18 major industries and 23 countries.

Key Points: 
  • CO2 AI and BCG surveyed 1,850 executives responsible for emissions measurement, reporting, and reduction in their organizations across 18 major industries and 23 countries.
  • Each organization surveyed had at least 1,000 employees and annual revenues ranging from $100 million to over $10 billion.
  • "Doing so will not only help mitigate the impacts of climate change, but it will also deliver a boost to businesses' bottom lines."
  • According to the survey, just 10% of companies now report comprehensively measuring all their emissions, revealing no improvement relative to the 2022 survey.

Over 70% of HR Professionals Cite People Challenges and Talent Gaps as Their Companies' Biggest Business Obstacle

Retrieved on: 
Thursday, November 16, 2023

The need for digital technology will not go away—and smart, proactive investments in this area are necessary to anticipate and solve the most prominent business challenges.

Key Points: 
  • The need for digital technology will not go away—and smart, proactive investments in this area are necessary to anticipate and solve the most prominent business challenges.
  • However, just 35% of HR professionals today believe that their people management functions are using relevant digital technologies.
  • Further, only 30% agree that HR is using data and analytics to anticipate people challenges, and 72% cite people challenges and talent gaps as the biggest obstacle they currently face.
  • While nearly three-quarters of respondents cited people challenges and talent gaps as the biggest business obstacle they currently face, strategic workforce planning ranked only 18th overall among the 32 topics in terms of current capabilities.

Companies Are Investing Heavily in Business Building, Placing A Quarter of Annual Revenue into High-Growth Opportunities

Retrieved on: 
Wednesday, November 15, 2023

BOSTON, Nov. 15, 2023 /PRNewswire/ -- Business building, which consists of inventing, launching, and scaling new business lines, units, and services, or accelerating the growth of existing enterprises, is one of the most successful ways to accelerate growth. But only half (52%) of leaders said their companies are well prepared to pursue new high-growth opportunities, according to a new study by Boston Consulting Group (BCG) released today.

Key Points: 
  • The report, How Companies Can Speed Up the Business of Business Building , features findings from a survey of 1,051 senior leaders in 17 countries about their business-building efforts.
  • Of the executives surveyed, 73% said that business building is a major priority for them, and their companies have pursued, on average, five new high-growth opportunities each year since 2021.
  • Approximately 27% of these companies' annual revenue is typically invested in launching, acquiring, or co-launching startup ventures.
  • The Time Involved in Business Building: More Cause for Concern
    The survey also asked company leaders about the time involved in business building.

Plan International USA surpasses $200 million campaign goal to fight gender inequality

Retrieved on: 
Tuesday, November 14, 2023

WASHINGTON, Nov. 14, 2023 /PRNewswire/ -- Plan International USA surpassed its' $200 million fundraising goal for its We Are the Girls campaign. The funds raised as part of the campaign are supporting girl-led programs that fight gender inequality internationally and in the U.S.

Key Points: 
  • The We Are the Girls campaign supported girl-led programming internationally and in the U.S.
    WASHINGTON, Nov. 14, 2023 /PRNewswire/ -- Plan International USA surpassed its' $200 million fundraising goal for its We Are the Girls campaign.
  • The funds raised as part of the campaign are supporting girl-led programs that fight gender inequality internationally and in the U.S.
    Over the past five years, the campaign has impacted the lives of more than 15.5 million people through programs focused on girls' unique needs.
  • "We set out to ensure that girls were safe, educated and economically empowered," Shanna Marzilli, chief executive officer and president of Plan International USA, said.
  • As the world faces crises and growing inequality, you can join in the fight to achieve gender equality by joining Plan's community of We Are the Girls activists .

HERE Technologies appoints Mike Nefkens as new CEO to guide world’s leading location platform

Retrieved on: 
Thursday, November 9, 2023

Amsterdam - HERE, the leading location data and technology platform, is pleased to announce the appointment of Mike Nefkens as its new Chief Executive Officer (CEO) effective January 2, 2024.

Key Points: 
  • Amsterdam - HERE, the leading location data and technology platform, is pleased to announce the appointment of Mike Nefkens as its new Chief Executive Officer (CEO) effective January 2, 2024.
  • Mr. Nefkens brings a wealth of leadership and more than three decades of experience across technology, IT, software, cloud services, IOT, and automotive.
  • He is the former President and CEO of Resideo Technologies, a publicly traded company (a Honeywell spin-off), and longtime executive at Hewlett-Packard.
  • Mr. Nefkens served as President of HP Enterprise Services, responsible for a $20 billion P&L and 110,000 employees.

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

Retrieved on: 
Thursday, November 9, 2023

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.

Key Points: 
  • 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.
  • These are among the findings of the 2023 Black Friday consumer sentiment survey by Boston Consulting Group (BCG) .
  • The survey, which was released today, examines the spending plans of more than 7,000 consumers across seven markets (Australia, Canada, Germany, Switzerland, Poland, UK, and US).
  • It is especially gaining popularity in European markets—it's known by 56% of Polish consumers, 41% of German consumers, and 37% of Swiss consumers.

Cut Emissions by 7% Every Year to 2030 to Maintain 1.5°C Global Warming Limit

Retrieved on: 
Wednesday, November 8, 2023

BOSTON, Nov. 8, 2023 /PRNewswire/ -- Global emissions, which are continuing to rise by 1.5% a year, must be cut by 7% annually until 2030 to limit global warming to 1.5°C, as agreed by countries who signed the Paris Agreement in 2015. This size of emissions reduction is unprecedented, surpassing the percentage of reduced global emissions during the shutdowns caused by the Covid-19 crisis. Progress has been made in a number of areas, but significant gaps remain in national commitments and policies, corporate climate action, green-technology scaling, and funding.

Key Points: 
  • This size of emissions reduction is unprecedented, surpassing the percentage of reduced global emissions during the shutdowns caused by the Covid-19 crisis.
  • The publication underscores the worrying state of our planet's climate, and the urgency of taking immediate substantial action to combat global warming.
  • As of mid-2023, the share of global emissions covered by national net zero targets exceeded 80%—up from virtually zero only a few years ago.
  • However, only a third of global emissions are covered by net zero targets for 2050—the rough target date required to maintain a 1.5°C limit.