BAIN

Under 1% of unicorns are profiting at scale with true business success despite $1 billion-plus valuations--Bain & Company analysis

Retrieved on: 
Thursday, November 9, 2023
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Of some 225,000 companies founded during the past 20 years, only around 2,500 have achieved $1 billion market valuations (including public and private businesses).

Key Points: 
  • Of some 225,000 companies founded during the past 20 years, only around 2,500 have achieved $1 billion market valuations (including public and private businesses).
  • And just 15 companies generate more than $1 billion in cash and revenues – a tiny subset of unicorns that have transformed their marketplaces.
  • The 15 established and scale insurgent businesses that have achieved this status make up just 0.7% of the total number of unicorns.
  • They are focused on rapidly scaling a powerful customer franchise and building a cash generative business that can sustain itself.

Bain & Company makes pioneering deployments of state-of-the-art AI tools worldwide

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Tuesday, September 26, 2023
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The groundbreaking AI tools have been rolled out across the firm in planned phases since early in 2023.

Key Points: 
  • The groundbreaking AI tools have been rolled out across the firm in planned phases since early in 2023.
  • Sage provides Bain teams ability to generate incredible insights leveraging the wealth of Bain's collective propriety data and expertise in matter of seconds.
  • It was developed in collaboration with OpenAI, the company behind the large-language-model AI technologies ChatGPT and GPT-4, with which Bain & Company formed a global strategic alliance in February this year.
  • Still more AI tools are in development at Bain with the goal of deploying AI securely, safely and at scale in the firm.

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

Retrieved on: 
Monday, September 18, 2023
Acceleration, Dell, Interview, Waste management, Michelin, Consumer, Editor's Note, PET, Research, Recycling, Organization, Gold, Sustainability, IPhone, Apple, Growth, Bain & Company, Tungsten, Health, APEX, Cobalt, Safety, Software, Lumber

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.

Industry leaders urged to contribute to a comprehensive new climate report card to shape UN climate negotiations

Retrieved on: 
Monday, September 18, 2023
Nigerian Business Coalition Against AIDS, Private sector, Paris, Paris Agreement, COP28, Global stocktake, Interview, UNFCCC, Tropical rainforest climate, United Nations Framework Convention on Climate Change, Climate change, Science, Wind, UN, Frustration, Bain & Company, Renewable energy

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Following the publication of the United Nations Framework Convention on Climate Change (UNFCCC) Global Stocktake Synthesis Report, the report card on progress against the Paris Agreement, We Mean Business Coalition and Bain & Company are calling on businesses to take part in a supporting process—The Corporate Climate Stocktake—to shape UN climate negotiations.

Key Points: 
  • The first UNFCCC Global Stocktake represents a critical moment to course correct and accelerate climate action where it is most needed.
  • In contrast to the Global Stocktake, which focusses on country-level emissions, the Corporate Climate Stocktake examines the pace of clean energy adoption within economic sectors.
  • These are among the emerging insights of the Corporate Climate Stocktake, which will be published in full ahead of COP28.
  • Editor's Note: For more information or interview requests please contact Katie Ware at [email protected] or +1 646 562 8107.

LAZYDAYS WELCOMES TWO NEW BOARD MEMBERS

Retrieved on: 
Friday, September 1, 2023
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"We are deeply grateful for Erika's many contributions to the board over the past five years," said Chris Shackelton.

Key Points: 
  • "We are deeply grateful for Erika's many contributions to the board over the past five years," said Chris Shackelton.
  • "As an original board member when Lazydays went public, Erika has had a significant impact on our trajectory.
  • On behalf of the board and the entire company, I would to like thank Erika for her service."
  • "We are pleased to welcome Suzanne and Susan to Lazydays," said Chris Shackelton, Chairman of the Board.

Bain & Company acquires Max Kelsen's consulting and managed services divisions to bring enhanced machine learning and AI services to clients globally

Retrieved on: 
Tuesday, August 1, 2023
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BOSTON, July 31, 2023 /PRNewswire/ -- Bain & Company today announced that it has acquired Max Kelsen's consulting and managed services divisions (collectively referred to as "Max Kelsen Consulting"), a provider of artificial intelligence (AI) and machine learning (ML) solutions, to offer enhanced ML and AI capabilities to clients across the globe.

Key Points: 
  • Based in Australia and founded in 2015, Max Kelsen Consulting's team of full stack ML engineers deliver ML systems, AI-powered applications, and advisory services for clients.
  • Now, as one unified and integrated team under Bain's Advanced Analytics Group (AAG), Max Kelsen Consulting and Bain will together help enterprises develop and operationalize high-impact AI and ML enabled use cases.
  • "We are delighted to welcome the Max Kelsen Consulting team to Bain, and to bring their industry-leading machine learning expertise to bear to deliver even more powerful solutions to our clients," said Roy Singh , global head of Bain's Advanced Analytics Group.
  • "We are very excited about the quality of the Max Kelsen Consulting team and the innovative work they have done for clients in Australia and globally.

The biopharma sector is likely to see dampened returns over the next five years, with increasing headwinds in the years beyond

Retrieved on: 
Wednesday, July 26, 2023
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NEW YORK, July 26, 2023 /PRNewswire/ -- Biopharma companies have enjoyed 30 years of high productivity, with average total shareholder return (TSR) growing at a compound annual rate of 17%. New research from Bain & Company shows that the biopharma sector will continue to be productive but see dampened returns over the next five years. Beyond that, companies will face an increasingly challenging landscape.

Key Points: 
  • New research from Bain & Company shows that the biopharma sector will continue to be productive but see dampened returns over the next five years.
  • "The sector has consistently enjoyed strong financial returns as a result, even amid previous downturns.
  • However, that tune may be changing in today's tumultuous environment, and we expect pressures to intensify from multiple directions in the years ahead.
  • Biopharma companies' average TSR grew at a compound annual rate of 17% from 1990 to 2022.

Amid macro uncertainty, investors have ample incentive to get moving, reveals Bain & Company's Private Equity Midyear Report 2023

Retrieved on: 
Monday, July 17, 2023
Pressure, Private equity, Interview, Investment, DPI, Shock, Bain & Company, LP record, Growth, Environment, GP, IRR, Financial services, Bank, Renewable energy

BOSTON, July 17, 2023 /PRNewswire/ -- Bain & Company's Private Equity Midyear Report 2023 shows that after four quarters of relative inactivity, investors have ample incentive to get moving. With the clock ticking on a record $3.7 trillion in dry powder and buyout funds sitting on $2.8 trillion of unexited assets, limited partners (LPs) are feeling a liquidity crunch.

Key Points: 
  • BOSTON, July 17, 2023 /PRNewswire/ -- Bain & Company's Private Equity Midyear Report 2023 shows that after four quarters of relative inactivity, investors have ample incentive to get moving.
  • "Sitting around because the market is down has never been a particularly effective strategy in private equity," said Hugh MacArthur , chairman of the global Private Equity practice at Bain & Company.
  • And while investors need confidence in the five-year outlook for an industry and a company, a clearer picture is finally emerging.
  • Most of those assets are coming up against, or have passed, the typical five-year timeframe for a private equity exit.

Older workers will fill 150 million more jobs globally by 2030, exceeding a quarter of the workforce in high-income countries

Retrieved on: 
Thursday, July 13, 2023
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NEW YORK, July 13, 2023 /PRNewswire/ -- A global study from Bain & Company has found that 150 million jobs will shift to workers over the age of 55 by 2030. That figure is nearly equal to the entire working population of the US. In the Group of Seven (G7) countries, Bain predicts these experienced workers will comprise a quarter of the workforce by the end of the decade—nearly 10 percentage points higher than in 2011.

Key Points: 
  • In Japan, for example, workers 55 and older will approach 40% of the workforce by the end of the decade.
  • China's population of individuals 65 and older is set to double by 2050, and Brazil's proportion of workers over age 55 is creeping up to the midteens.
  • Bain's research shows that older workers feel more loyal to their companies and are more satisfied in work and life.
  • Through understanding the motivations of older workers, both individually and more generally, firms can design their way to success.

Bain & Company study shows 85% of business leaders view social issues as "urgent" concerns for their companies

Retrieved on: 
Tuesday, June 27, 2023
Learning, Gen, Interview, Face, Attention, EBIT, Generation Z, Sustainability, Diversity, Logic, Self-assessment, DEI, Bain & Company, ESG, Racism, Growth, Environment

NEW YORK, June 27, 2023 /PRNewswire/ -- Expectations about the role of business in society are changing dramatically. The impact of business on the environment is of vital importance to many corporate constituencies. Today, however, many more purely social concerns are coming strongly to the fore. And CEOs are playing close attention.

Key Points: 
  • A Bain & Company survey of nearly 300 global CEOs reveals that 85% of business leaders view social issues as "urgent" concerns for their companies.
  • "The companies that lead on social issues, such as DEI and socially responsible supply chain practices, don't view these efforts solely as risk mitigation," said Karthik Venkataraman , a partner in Bain's Diversity, Equity, & Inclusion practice.
  • A self-assessment of executives at companies who lead on social issues perceive their companies to have higher revenue growth and EBIT growth than their peers who lag on social issues.
  • Bain's study explores four areas of opportunity to translate action on social issues into economically sustainable business performance:
    Improving social and economic conditions in local communities.