Editor's Note

40% of pharma executives are baking expected savings from Generative AI into 2024 budgets

Retrieved on: 
Monday, February 12, 2024

NEW YORK, Feb. 12, 2024 /PRNewswire/ -- The generative artificial intelligence (AI) transformation is well underway in pharma, and pharma companies have high confidence in its value. Already, 40% of executives say they are baking expected savings into their 2024 budget, and 60% have set targets for cost savings or productivity boosts, according to a recent Bain & Company survey.

Key Points: 
  • NEW YORK, Feb. 12, 2024 /PRNewswire/ -- The generative artificial intelligence (AI) transformation is well underway in pharma, and pharma companies have high confidence in its value.
  • Already, 40% of executives say they are baking expected savings into their 2024 budget, and 60% have set targets for cost savings or productivity boosts, according to a recent Bain & Company survey .
  • Generative AI is top of mind for most pharma companies, with 75% citing it as a C-suite and board priority.
  • The best companies will establish an organizational center of gravity with several executives who act as generative AI champions.

Bain & Company Named as a "Leader" in IDC MarketScape: Worldwide Experience Design Services 2023-2024 Vendor Assessment

Retrieved on: 
Monday, January 29, 2024

BOSTON, Jan. 29, 2024 /PRNewswire/ -- Bain & Company has been recognized as a Leader in the IDC MarketScape: Worldwide Experience Design Services 2023-2024 Vendor Assessment (Doc # US49988123, December 2023).

Key Points: 
  • BOSTON, Jan. 29, 2024 /PRNewswire/ -- Bain & Company has been recognized as a Leader in the IDC MarketScape: Worldwide Experience Design Services 2023-2024 Vendor Assessment (Doc # US49988123, December 2023).
  • Bain's Innovation & Design (I&D) team is comprised of more than 350 global experts and has unique Design competencies to support a variety of opportunities in Service Design, Physical Design, and Experience Design.
  • The firm hires broad-skilled designers who can bridge various design domains, a key differentiator in the consultant landscape.
  • "It's an honor to be recognized as a worldwide Leader in the IDC MarketScape in Experience Design Services," said Arpan Sheth , a Bain partner and head of the firm's global Innovation & Design practice.

55% of large businesses have made circularity commitments, but linear mindset is holding back progress

Retrieved on: 
Monday, September 18, 2023

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- A new study from Bain & Company reveals that 55% of large businesses have made commitments to circularity, but a linear mindset is preventing them from truly embedding it into their businesses. Bain's research shows more than half of the circular initiatives businesses pursue are narrowly confined to recycling or waste management strategies, rather than embracing the full suite of technologies and business models needed for a circular economy—include re-engineering products to last longer, embracing repairability, adopting leasing models, reducing virgin material use, and providing complimentary services throughout the lifecycle of a product. These are among the finding of Bain's new brief, Strategy in a Circular World, which is based on a survey of 400 leading organizations.

Key Points: 
  • NEW YORK, Sept. 18, 2023 /PRNewswire/ -- A new study from Bain & Company reveals that 55% of large businesses have made commitments to circularity, but a linear mindset is preventing them from truly embedding it into their businesses.
  • Circularity leaders monitor for turning points to assess the moments at which infrastructure, regulation, and consumer behavior signal the acceleration of the circular economy.
  • These businesses may find growth opportunities in reverse logistics and infrastructure businesses or supplying circular feedstock.
  • Editor's Note: For more information or interview requests please contact Katie Ware at [email protected] or +1 646 562 8107.

Mon Power and Potomac Edison Improve Wastewater Treatment Process at West Virginia Power Plants

Retrieved on: 
Monday, September 11, 2023

FAIRMONT, W.V., Sept. 11, 2023 /PRNewswire/ -- As a part of their commitment to minimizing the environmental impact of operations, FirstEnergy (NYSE: FE) subsidiaries Mon Power and Potomac Edison have begun construction on two projects that will improve the wastewater treatment process at the companies' regulated power plants in West Virginia.

Key Points: 
  • FAIRMONT, W.V., Sept. 11, 2023 /PRNewswire/ -- As a part of their commitment to minimizing the environmental impact of operations, FirstEnergy (NYSE: FE) subsidiaries Mon Power and Potomac Edison have begun construction on two projects that will improve the wastewater treatment process at the companies' regulated power plants in West Virginia.
  • Currently, water from nearby streams is used to wash coal ash from the bottom of the plants' furnaces for disposal.
  • The new process will create less wastewater, which must undergo careful treatment before it can be safely discharged back into the river to ensure the protection of aquatic ecosystems.
  • Potomac Edison serves about 275,000 customers in seven counties in Maryland and 155,000 customers in the Eastern Panhandle of West Virginia.

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

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.

Newsweek Ranks 10 Select Medical Inpatient Rehabilitation Hospitals Among Nation's Best Physical Rehab Centers

Retrieved on: 
Thursday, August 24, 2023

Kessler Institute for Rehabilitation - West Orange, Saddle Brook & Chester - #1

Key Points: 
  • Kessler Institute for Rehabilitation - West Orange, Saddle Brook & Chester - #1
    Cleveland Clinic Rehabilitation Hospital - Avon, Beachwood & Copley/Edwin Shaw* - #2
    Editor's Note:  All hospitals represent joint venture partnerships between Select Medical and the health system named with the exception of California Rehabilitation Institute which is a three-partner joint venture between Select Medical, Cedars Sinai and UCLA Health; and, Kessler Institute for Rehabilitation which is wholly owned by Select Medical.
  • Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider, examined physical rehabilitation centers from every U.S. state.
  • This year Newsweek awarded 280 inpatient facilities, based on the results of an online survey of over 4,400 experts on physical rehabilitation.
  • More information about the ranking criteria and methodology can be found here .

Unveiling E'maj Entertainment Television Network: A New Era of Media Empowerment for People of Color

Retrieved on: 
Friday, June 16, 2023

The launch marks a significant milestone in media representation, coinciding with the commemoration of African Americans' emancipation.

Key Points: 
  • The launch marks a significant milestone in media representation, coinciding with the commemoration of African Americans' emancipation.
  • E'maj is committed to revolutionizing the media landscape, providing an opportunity to shape narratives and access diverse educational, news, and media content.
  • With programming across up to 100 channels, from thought-provoking independent films to captivating TV series, E'maj promises an unparalleled viewing experience.
  • Anticipating the Juneteenth launch, E'maj is poised to provide a platform celebrating the richness and diversity of people of color.

FirstEnergy Reminds Public to Have a Safety-First Summer

Retrieved on: 
Tuesday, June 13, 2023

AKRON, Ohio, June 13, 2023 /PRNewswire/ -- With the first day of summer fast approaching, FirstEnergy Corp. (NYSE: FE) is reminding the public to be cautious of potential electrical hazards associated with popular outdoor activities. Celebrating responsibly will help keep customers safe and the electricity flowing reliably this season.

Key Points: 
  • AKRON, Ohio, June 13, 2023 /PRNewswire/ -- With the first day of summer fast approaching, FirstEnergy Corp. (NYSE: FE) is reminding the public to be cautious of potential electrical hazards associated with popular outdoor activities.
  • Foil balloons and fireworks are two of the most common and festive ways to celebrate summer events, including graduation parties, weddings and Independence Day.
  • Over recent months, foil balloons were to blame for more than 50 power outages across FirstEnergy's six-state service area.
  • Visit FirstEnergy online at www.firstenergycorp.com and follow FirstEnergy and its operating companies on Twitter @FirstEnergyCorp , @OhioEdison , @ToledoEdison , @IlluminatingCo , @W_Penn_Power , @Penn_Power , @Penelec , @Met_Ed , @JCP_L , @PotomacEdison , @MonPowerWV .

Solar-Powered EV Charging Station in Service at Mon Power Headquarters

Retrieved on: 
Tuesday, April 18, 2023

The battery supplies a Level Two EV charger capable of accommodating a vehicle for charging, which delivers eight to 24 miles of range per hour of charging.

Key Points: 
  • The battery supplies a Level Two EV charger capable of accommodating a vehicle for charging, which delivers eight to 24 miles of range per hour of charging.
  • Aside from a small cost to the company to maintain the site going forward, the installation will be a self-sufficient, standalone renewable power generator.
  • Most other EV chargers in the state pull power from the electric grid where the energy source is a mix of nuclear, hydro, gas, coal and other power resources.
  • "Mon Power is committed to the environment and improving reliability for customers by bolstering and diversifying the region's energy mix."

Bain & Company acquires Houston-based digital product studio, Umbrage, to help clients reach new levels of growth and efficiency through world-class software capabilities

Retrieved on: 
Wednesday, February 1, 2023

BOSTON, Feb. 1, 2023 /PRNewswire/ -- Bain & Company today announced its acquisition of Umbrage, a Houston-based digital product studio that partners with its clients to design, develop, and scale world-class software solutions.

Key Points: 
  • BOSTON, Feb. 1, 2023 /PRNewswire/ -- Bain & Company today announced its acquisition of Umbrage , a Houston-based digital product studio that partners with its clients to design, develop, and scale world-class software solutions.
  • The announcement comes as new digital business models are increasingly being enabled by new developments in enterprise software, and companies are seeking new avenues to unlock growth.
  • The move will further support clients with the end-to-end delivery capabilities necessary to conceptualize, design, build, and scale next-level, software-driven business models and products.
  • It does this by embedding technical experts within Bain's consulting teams, working as one joint team to help clients achieve their digital ambitions.