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Global Boards Show Progress in Sustainability, But AI and Geopolitical Risks Loom Large, Reports Heidrick & Struggles

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New global survey by Heidrick & Struggles, BCG, and INSEAD, reveals growing confidence in sustainability governance, but boards and CEOs still lack confidence in each other’s leadership

LONDON, Nov. 19, 2024 /PRNewswire/ — Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, has teamed with Boston Consulting Group (BCG) and the INSEAD Corporate Governance Centre, to publish a report exploring how boards are responding to complex trends and disruptions they currently face. Boards and Society: How Boards Are Evolving to Meet Challenges from Sustainability to Geopolitical Volatility reveals boards have made meaningful advances to address sustainability topics, but are less confident when it comes to their understanding of other issues such as the rising importance of generative AI, intensifying trade and geopolitical disruptions. These four interconnected pillars are forcing directors and CEOs to navigate an increasingly unpredictable environment filled with conflicting and often politically charged demands.   

Additionally, the report shows evidence of simmering discord among company leadership on how best to enhance competitiveness amid the challenges they face.

Key Findings from the Boardroom

77% of boards believe their company has a responsibility to address sustainability concerns36% feel prepared to leverage the disruptive potential of AI37% believe their company has a sufficient strategy around geopolitical risk29% of directors do not have faith in their CEO to navigate uncertainty26% of CEOs do not have faith in their board’s effectivenessHalf of respondents are not confident their company is equipped to identify new threats and opportunities related to sustainability, generative AI and geopolitics

The report reveals that 77% of the global board members surveyed believe their company has a responsibility to address societal concerns, although more than half (54%) believe that business objectives should remain the primary focus. In contrast to this enthusiasm around sustainability, only 36% of directors feel prepared to leverage the disruptive potential of AI, while just 37% agree that their companies have sufficient strategies in place to manage geopolitical risks.

These findings highlight an urgent need for greater balance between traditional governance with forward-looking strategies and increased investment in board competency. Despite lower levels of confidence for the prevailing risks and emerging technologies of our time, it is encouraging to note that more than 60% of directors stated that their boards are “leaning in” on risk management, suggesting a desire to tackle these challenges head on, regardless of their complexity.

Lack of Confidence Amid Growing Complexity
In a concerning indication of division within the boardroom, the new report reveals that 29% of directors lack confidence in their CEO’s ability to navigate disruption and boost long-term value. Meanwhile, a comparable number of CEOs (26%) are equally skeptical of their board’s effectiveness, reflecting an increasing tension between top leadership teams grappling with a more complex and diverse range of issues than ever before.

The report also finds that roughly half of directors are not confident their company is equipped to identify new threats and opportunities related to sustainability, generative AI and geopolitics, nor are they able translate them into a competitive advantage. As global business landscapes continue to shift, the ability of boards to stay cohesive, align with leadership, and adapt to new challenges with innovative corporate strategy will be more critical than ever. Effective governance that embraces both foresight and resilience will be key in turning these disruptions into opportunities, allowing businesses not only to survive but to thrive in an increasingly volatile world.

Commenting on the findings, Jeremy Hanson, Partner with Heidrick & Struggles and Co-author of the report, commented: “While it is encouraging that boards are stepping up on sustainability, this year’s survey reveals tensions between directors and management regarding each other’s capacity to navigate disruption. With so much at stake—and an increasing complexity to unpack—alignment between board directors and management isn’t just a best practice; it’s essential for addressing both today’s challenges and those of the future. Importantly, alignment does not mean boards should shy away from constructive debate with management. In fact, fostering open, even difficult, conversations is crucial for boards to reach resilient, well-rounded decisions in today’s demanding environment.”

Sonia Tatar, Executive Director of INSEAD Corporate Governance Centre, said, “Boards today can benefit from moving from being reactive to proactive. Beyond understanding disruptions, they can focus on looking ahead—anticipating future shocks and potential risks and finding ways to capitalize on the emerging trends to leverage opportunities. By translating insights that inform decision-making into strategic actions, they will be better positioned to guide companies in becoming more resilient and navigating change effectively.” 

Also commenting on the report, David Young, Managing Director and Senior Partner of BCG added: “Boards are facing new and increasingly complex challenges, amid geopolitical uncertainty, rapid advances in technology, and continued concerns over the impact of climate change. But boards have made notable progress in tackling sustainability–and now there is opportunity for them to learn from these efforts as they engage in deep conversations with executive leadership to confront this expanding agenda.”

Media Inquiries:
Heidrick & Struggles: heidrick@cw8-communications.com
BCG: Gregoire.Eric@bcg.com
INSEAD: news@insead.edu 

About Heidrick & Struggles:
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world’s top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 70 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time. For more, please visit www.heidrick.com

About BCG:
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

About INSEAD:
As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures, and ideas to develop responsible leaders who transform business and society. Its research, teaching and partnerships reflect this global perspective and cultural diversity.

With locations in Europe, Asia, the Middle East, and North America, INSEAD’s business education and research spans four regions. 159 renowned Faculty members from 41 countries inspire more than 1,500 degree participants annually in the Master in Management, MBA, Global Executive MBA, Specialised Master’s degrees (Executive Master in Finance and Executive Master in Change) and PhD programmes. In addition, more than 18,000 executives participate in INSEAD Executive Education programmes each year. 

INSEAD continues to conduct innovative research and innovate across all programmes. The organisation provides business leaders with the knowledge and awareness to operate anywhere. Its core values drive academic excellence and serve the global community as The Business School for the World. For more information, please visit www.insead.edu.

About INSEAD Corporate Governance Centre:
The INSEAD Corporate Governance Centre (ICGC) has been actively engaged in making a distinctive contribution to the knowledge and practice of corporate governance globally. Its vision is to be the leading center for research, innovation, and impact in corporate governance. Through its educational portfolio and advocacy, the ICGC seeks to build greater trust within the public and stakeholder communities, so that businesses are a powerful force for improvement, not only of economic markets but also for the global societal environment. For more, visit www.insead.edu/centres/corporate-governance.

SOURCE Heidrick & Struggles

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GA Telesis Launches Cutting-Edge Digital Innovation and R&D Center in Türkiye, Pioneering the Future of Aerospace Digital Technology

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November 19, 2024

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FORT LAUDERDALE, Fla., Nov. 19, 2024 /PRNewswire/ — GA Telesis, a global leader in aerospace ecosystem solutions, announces the launch of its cutting-edge Digital Innovation and R&D Center in Ankara, Türkiye, marking a significant milestone in the Company’s digital transformation strategy. This new facility will serve as the latest addition to GA Telesis’ Digital Innovation Group, further strengthening and enabling the Company to insource the development of both its aerospace digital twin WILBUR product and AI initiatives.

Located in one of the world’s most dynamic and strategically positioned technology cities, the Ankara Center will focus on developing and implementing advanced digital technologies aimed at revolutionizing the aerospace industry with Blockchain and Web3-enabled technologies. The center will be tasked with the development and commercialization of the Company’s WILBUR program while it will also be enabled to drive innovation in areas such as predictive maintenance, artificial intelligence, machine learning, and big data analytics, empowering airlines and aerospace partners to optimize operations, reduce costs, and enhance the safety and efficiency of aircraft records management.

In July of 2024, at the Farnborough Airshow, GA Telesis announced the launch of Wilbur, GA Telesis’ industry-leading Web3-enabled Parts Provenance and Records Platform. WILBUR will provide a revolution in securing aircraft and parts authenticity and drive maximum levels of aviation data security within the sector. This collaboration will empower stakeholders to meet the highest standards for product documentation and verification set by all global regulatory bodies.

With this launch, GA Telesis reaffirms its commitment to investing in cutting-edge digital solutions that transform the aerospace sector, contributing to the region’s growing reputation as a hub for technological innovation.

“We chose Ankara for our new Digital Innovation and R&D Center because it is uniquely positioned at the crossroads of Europe, Asia, and the Middle East, offering unparalleled access to a diverse talent pool and thriving tech ecosystem,” said Jason Reed, President of GA Telesis’ Digital Innovation Group. “Ankara’s dynamic tech environment aligns with our vision to drive transformative change in the aerospace industry, and this center will allow us to accelerate development in predictive maintenance, AI, and provenance analytics, empowering our partners with innovative, data-driven solutions that enhance safety, efficiency, and operational insight.”

About GA Telesis

GA Telesis, a global leader in aerospace solutions, is renowned for its unmatched excellence in aftermarket services and lifecycle management. The GA Telesis Ecosystem™ is a vast global network spanning 54 locations in 30 countries on six continents. The company’s integrated solutions include parts and distribution services, logistics solutions, inventory management, leasing and financing, engine overhaul, and MRO services.

GA Telesis is committed to sustainability through innovative sustainability initiatives and advanced technologies, including digital transformation, and using advanced materials. The company’s aerospace systems and connected aircraft technologies drive efficiency and performance, while its MRO network and 24/7 AOG support provide unparalleled reliability.

For further information, please contact Rylan France at Rfrance@gatelesis.com

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SOURCE GA Telesis, LLC

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XVIVO Wins Two Davey Awards: A Gold and a Silver for Two Animation Programs

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November 19, 2024

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XVIVO has been recognized with two prestigious Davey Awards: A Gold for an animation showcasing a target to address hyperexcitability in epilepsy and a Silver for an animation illustrating the mechanism of action for a treatment targeting WHIM Syndrome.

WETHERSFIELD, Conn., Nov. 19, 2024 /PRNewswire-PRWeb/ — XVIVO, a trusted leader in digital animation and marketing for the life sciences industry announced today that the Academy of Interactive and Visual Arts has selected XVIVO as a Gold Davey Award winner for their Mechanism of Disease (MOD)/Mechanism of Action (MOA) animation created for Biohaven’s BHV-7000 molecule. XVIVO also received a Silver Davey Award for its collaboration with X4 Pharmaceuticals, showcasing the MOA of XOLREMDI, a treatment for WHIM Syndrome.

XVIVO earns Gold and Silver Davey Awards for their medical animations that bring complex science to life, showcasing the innovative mechanisms behind Biohaven’s BHV-7000 and X4 Pharmaceuticals’ XOLREMDI™

A Gold award was given for an MOD/MOA animation created for Biohaven’s BHV-7000 molecule. The animation effectively informed healthcare providers about the role of Kv7 in regulating neuronal excitability and its potential as a target for CNS disorders. XVIVO developed teaser visuals and a conference booth animation to introduce the science behind BHV-7000, followed by a full-length animation to further explain its function and the needs of epilepsy patients. Animation located here: https://xvivo.com/examples/kv7-moa-animation/

The Silver Award recognized an animation created with X4 Pharmaceuticals that illustrates the mechanism of action of XOLREMDI™ (mavorixafor). This CXCR4 antagonist is designed to treat WHIM Syndrome by increasing circulating mature neutrophils and lymphocytes in patients aged 12 and older.

One of the main goals was to communicate that WHIM syndrome is complex, and XOLREMDI cuts through this complexity, by targeting the underlying cause of the disease. XVIVO delivered a highly successful 3D medical animation, as well as 3D imagery for a brochure, for their launch of their new therapeutic. Animation located here: https://xvivo.com/examples/kv7-moa-animation/

The Davey Awards is in its 20th year and is overseen and sanctioned by the Academy of Interactive and Visual Arts (AIVA), an invitation-only body consisting of top-tier professionals from a “Who’s Who” of acclaimed media, communications, advertising, creative, and marketing firms.

About XVIVO 

XVIVO is the premier creator of medical animation and scientific media dedicated to the life sciences industry. For over 20 years, XVIVO animation studio has been developing 3D animations, educational videos, medical illustrations, and interactive science applications, including virtual reality and augmented reality.

Contact Info

For more information, please contact Marie Urban at 610.390.9065; marie@xvivo.net; http://www.xvivo.com

Media Contact

Marie Urban, XVIVO, 1 610-390-9065, marie@xvivo.net, www.xvivo.com

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SOURCE XVIVO; XVIVO

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Automotive Speaker Market worth $12.92 billion in 2029 – Exclusive Report by MarketsandMarkets™

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November 19, 2024

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DELRAY BEACH, Fla., Nov. 19, 2024 /PRNewswire/ — The global automotive speaker market is expected to reach USD 12.92 billion in 2029 from USD 9.49 billion in 2024, at a CAGR of 6.4% during the forecast period according to a new report by MarketsandMarkets™. Car speakers are meant to improve the car’s audio experience and deliver clearer bass, midrange, and treble sounds. They are designed specifically to withstand the harsh conditions of the automotive environment, including adverse vibrations, temperature variations, and humidity, while simultaneously delivering high-fidelity sound and good durability. Advanced materials increase clarity and minimize distortion in the sound, including polypropylene cones and neodymium magnets. Given the vigorous drive for high quality by consumers, manufacturers are expanding on innovation to bring powerful units in line with the constantly evolving preferences of modern vehicle owners.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192832677

Browse in-depth TOC on “Automotive Speaker Market” 
324 – Tables
56 – Figures
112 – Pages

Automotive Speaker Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 9.49 billion

Estimated Value by 2029

$ 12.92 billion

Growth Rate

Poised to grow at a CAGR of 6.4%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Vehicle, Installation, Technology and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

High competition and price sensitivity

Key Market Opportunities

Increasing demand for electric vehicles with quieter cabins

Key Market Drivers

Increasing strategic partnerships between automakers and premium audio brands

The coaxial speaker segment is expected to hold the largest market share during the forecast period.

The coaxial speakers hold the largest market share during the forecast period. Coaxial speakers are also called full-range speakers as they pack the woofer, tweeter, and crossover in a single unit, making it one of the most in-demand speakers while upgrading a car’s audio system. They are easy to install and come in the standard factory space fitting with good sound through all frequencies without special modifications. They also have different ranges of price and performance options to fit the budgeted requirements to upgrade the car’s audio system. Brands like Clarion, JBL, and Stillwater Designs top this list with popular models and thus meet the demand for good-quality sound in cars to propel market growth.

The door speakers segment is dominating the automotive speaker market.

Door speakers are the market leaders of automobile speakers because they can deliver quality sound to the passengers, enhancing the overall sound quality during audio playback within the car. The speakers are placed strategically for a well-balanced, high-quality sound for playing music, navigating, or even receiving calls. This demand for better sound makes car manufacturers fit more speakers per door with woofers and tweeters. Brands like Meridian Audio have used advanced tech to produce immersive sound. Thus, door speakers have become the most popular market for those who need quality audio within their vehicles.

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US in the North America region to dominate the automotive speaker market during the forecast period

The US dominates the automotive speaker industry in North America primarily because consumers demand quality in-car audio and entertainment systems. This market is also driven by the trend toward electric vehicles, considering most tend to be equipped with premium infotainment sets. Recent government investments in building infrastructure for EVs have helped further boost sales growth. Car manufacturers heavily depend on advanced audio systems, and the US is commanding a lead in the automotive speaker market.

Key players

The automotive speaker companies includes significant Tier I and II players like Panasonic Holdings Corporation (US), Bose Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Alps Alpine Co., Ltd. (Japan), Pioneer Corporation (Japan), Sony Group Corporation (Japan), Masimo Corporation (US), Clarion (US), Focal (France), Elettromedia S.p.A. (Italy), JVC KENWOOD Corporation (Japan), Stillwater Designs (US), Rockford Corp. (US)  are some of the key players in the automotive speaker market.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Wireless Audio Device Market by Product (True Wireless Hearables/Earbuds, Headsets, Earphones), Technology (Bluetooth, Airplay, Wi-Fi), Application (Consumer, Home Audio, Automotive), Functionality (Smart, Non-smart) and Region – Global Forecast to 2029

Hi-Fi System Market by System (Product, Device), Connectivity Technology (Wired, Wireless (Bluetooth, Wi-Fi, Airplay, Others)), Application (Residential, Automotive, Commercial, Others), and Geography – Global Forecast to 2025

Smart Speaker Market by IVA (Alexa, Google Assistant, Siri, DuerOS, Ali Genie), Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone) and Software), Application, and Region – Global Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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