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One-Third of Corporate Leaders List Cost Management as Their Most Critical Priority for 2025

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New BCG Survey Reveals Cost Management Remains Top Priority for Executives Around the World for Third Consecutive Year—up 8 Percentage Points from 2024Despite Years of Navigating Disruptions, 40% of Business Leaders Feel Unprepared for Market Shocks in 2025; Still, Many Express Optimism About the Growth Potential for Their MarketsFollowing the US Election Outcome, 31% Have Launched Contingency Plans for Tariff and Regulatory Changes86% of Executives Plan to Invest in AI and Advanced Analytics for Cost Reductions in Customer Service, Sales and Marketing, and Supply Chains this Year

BOSTON, Feb. 3, 2025 /PRNewswire/ — Business leaders around the world are entering 2025 facing significant challenges and opportunities. Many are responding to policy shifts in the United States as economic and geopolitical uncertainty collides with the need for strategic investment. Nearly one-third of executives have already launched contingency plans to mitigate potential disruptions from expected tariff and regulatory changes. In the face of all of these factors, one-third of corporate leaders list cost management as their most critical priority in the year ahead.

These are among the findings of a new publication by Boston Consulting Group (BCG) titled, BCG’s Guide to Cost and Growth: Strategic Insights for Navigating Economic Uncertainty. Based on results from BCG’s third annual survey of C-suite executives from around the world (570+ respondents), the publication reveals that cost management remains a primary goal for more leaders, compared to other areas, for the third consecutive year across regions and industries, ranking ahead of growth/expansion and revenue management, and up eight percentage points over 2024.

The survey also reveals that—despite years of navigating major disruptions ranging from COVID to supply chain upheaval to the rise of AI—40% of corporate leaders feel unprepared for market shocks in 2025. Nevertheless, some leaders are expressing cautious optimism, searching for opportunities to innovate and grow, despite possible turbulence. Given recent inflation and rising interest rates, cost management will be central to this effort.

The survey respondents achieved only an average of 48% of their cost-saving targets in 2024, and most say their companies struggle to maintain cost efficiencies. Still, many of those surveyed plan to implement and sustain cost savings in 2025, recognizing that sustainable cost management is vital. In fact, BCG research shows that companies falling short of their cost targets tend to underperform on total shareholder returns by an average 9 percentage points, compared to the average total shareholder return (TSR) of peers that meet their targets.

Despite the challenging economic landscape, executives are still focused on growth and expansion for 2025, including innovation programs, with 70% believing they have enough visibility into the medium-term future to make informed investment decisions and 67% planning to reinvest savings from cost-reduction efforts in these areas. Others plan to use their savings to support strategic investments in areas such as talent advancement, sustainability, and operational excellence. And 86% plan to invest in AI and advanced analytics for cost reductions in customer service, sales and marketing, and supply chains.

According to the survey, the top five cost drivers executives are prioritizing in 2025, and the industries where each cost action is top of mind, are:

Supply chain optimization (Consumer; Industrials)Product portfolio simplification (Insurance; Technology; Finance)Operating model and workforce productivity (Industrials; Healthcare)Customer service operations (Insurance; Finance)Sales and marketing (Consumer; Technology)

“We remain in a challenging and dynamic business landscape. As a result, we see executives prioritizing cost management, and there is no one-size-fits-all approach. It must be tailored to focus on areas that strengthen the company’s competitive advantage,” said Paul Goydan, a managing director and senior partner at BCG, and global lead for the firm’s cost and efficiency offer. “In a complex and challenging environment, global executives are zeroing in on effective cost management as the primary tool for growing margins.”

Download the publication here:
https://www.bcg.com/publications/2025/cost-efficiencies-remain-an-executive-priority-in-2025

Media Contact:
Eric Gregoire
gregoire.eric@bcg.com 

About Boston Consulting Group
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.

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SOURCE Boston Consulting Group (BCG)

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Beyond Claims: How Kuky Helps Health Insurers Enhance Community Well-Being

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SYDNEY, March 14, 2025 /PRNewswire/ — In 2022-23, Australia spent more than $8 billion on state and territory specialised mental health services. Already staggering, the amount does not include Australian Capital Territory jurisdictional or non-Commonwealth numbers, which were not available when the government released the national data in February 2025. The country’s total mental health expenditure for 2022-23 stood at $13.2 billion, an increase from 2018-19’s $11.8 billion.

 

How private insurers can help

Given the mental health challenge, the private insurance industry in Australia has the opportunity to be part of the solution, in turn boosting their own offerings aimed at a more community-centric clientele. Kuky, a new platform intended to foster real connections among people navigating the same health & wellness journey, is one service that insurers can tap to reach out to a broader range of policyholders.

Through the Kuky app, insurance providers can help connect post-surgery patients, expectant mothers, or families of those undergoing chemotherapy with others currently at the same point in their lives. Think social media but on a deeper and more impactful level. The goal is to bring together compatible and like-minded users and assist them in benefitting from shared experiences and meaningful interactions.

What’s in it for the health insurance industry? 

With more and more private health insurers advocating for preventative and holistic healthcare to ease the burden in the public space, leveraging technology to actively improve health outcomes can offer a host of benefits while providing better value to insureds.

One perk of adding mental health platforms to an insurer’s portfolio of services is enhanced member engagement. By offering an app that helps people address their mental health issues, insurance companies can engage with policyholders beyond the hospital setting, reaching even those opting for in-home care and also making insurance more attractive and accessible to a younger demographic.

With a wider client base that includes young Australians, health insurers can ensure the sustainability of their funds, for the benefit of both their operations and the people they serve. Once on board, customers also have more reasons to stay insured, given the benefits they can access through their policies in addition to claims.

Forming meaningful connections

In the same way that Kuky connects app users who have similar experiences and interests, insurers will be wise to align themselves with other businesses and changemakers that can provide mutual benefits for their funds and members. Tapping those with additional expertise – in Kuky’s case, experienced developers – can mean a positive difference to both insureds and insurance firms.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/beyond-claims-how-kuky-helps-health-insurers-enhance-community-well-being-302401620.html

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Ubiqconn Co-hosts APSCC 2025, Marking 31 Years of Excellence in Asia’s Satellite Industry

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TAIPEI, March 14, 2025 /PRNewswire/ — The Asia-Pacific Space Community Council (APSCC), the largest and most influential satellite industry alliance in Asia, has celebrated over 30 years of leadership, continuously connecting space and satellite professionals across the Asia-Pacific region. APSCC’s members span various sectors, including communications, Earth observation, satellite services, and emerging space technologies, serving as a key platform for industry leaders to exchange insights on policy, technology, and innovation. As a unified voice, APSCC actively advocates for policies, regulations, and technical advancements aimed at strengthening and expanding the development of the space industry in the region.

APSCC’s First Invitation to Taiwan, Promoting Regional Cooperation and Innovative Development

For the first time, APSCC is being invited by Ubiqconn to hold its annual conference in Taiwan, which carries special significance for the satellite industry in Taiwan. This event will provide local enterprises with valuable opportunities for international exchange, helping them move towards global markets and showcasing Ubiqconn’s commitment to enhancing Taiwan’s position in the satellite industry.

Ubiqconn, as a leading satellite solutions provider, is proud to be one of only two members of APSCC in the Taiwan region and will serve as the main co-host for the APSCC 2025 conference scheduled for November 4th – 6th, 2025, in Taipei. This conference will showcase Ubiqconn’s innovative technologies in satellite communications and offer the latest collaboration and exchange opportunities for the satellite industry.

Ubiqconn Drives Taiwan’s Satellite Industry Forward at APSCC 2025 Conference

Ubiqconn is dedicated to promoting the development of Taiwan’s satellite industry. The hosting of the APSCC 2025 conference will provide Taiwanese satellite industry manufacturers with a platform to connect with international counterparts, facilitating the exploration of global satellite market opportunities. The event will gather industry experts, technology leaders, and policymakers from around the world, allowing participants to share the latest insights, technological trends, and best practices to foster exchange and collaboration.

Ubiqconn believes that through collaborative efforts, a solid foundation for the continued growth and innovation of Taiwan’s satellite industry will be established, contributing to further developments in Asia’s global satellite landscape.

About Ubiqconn Technology

Ubiqconn Technology is a leading provider of rugged mobile solutions, focusing on key industries such as satellite communication, agriculture, logistics, maritime, transportation, and government projects. We are committed to delivering value-added ODM/OEM services to critical enterprises and startups across various vertical markets, while also providing innovative solutions through our own brand, RuggON.

Ubiqconn Technology is dedicated to listening to customer needs and thinking from the client’s perspective. Upholding the vision of “Seamless Connectivity,” we strive to design solutions that effectively address customer pain points. We connect with industries, users, materials, supply chains, and ecosystems, executing agile go-to-market operations to help our clients realize their visions.

For more information, please visit our website: www.ubiqconn.com.

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LOWELL OBSERVATORY RECOGNIZED AS ONE OF THE WORLD’S 100 GREATEST PLACES BY TIME

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FLAGSTAFF, Ariz., March 13, 2025 /PRNewswire/ — Today, TIME recognized Lowell Observatory in its annual list of the World’s Greatest Places, which highlights 100 extraordinary destinations to visit and stay. 

“Each year, TIME solicits nominations of places—including hotels, cruises, restaurants, attractions, museums, parks, and more—from its international network of correspondents and contributors, as well as through an application process, with an eye toward those offering new and exciting experiences,” describes the introduction to the list. “The result: 100 extraordinary destinations to stay and to visit this year.” Special consideration is given to new experiences.

Lowell Observatory, included in the “Places to Visit” section of the list, is highlighted in the introduction, “In Flagstaff, Ariz., The Lowell Observatory—famous as the site of Pluto’s discovery—now features an open-air planetarium, where visitors can get live commentary on that night’s sky from the comfort of heated seats.”

Lowell Observatory has been a leading center of astronomical research and education since its founding in 1894. The open-air planetarium is part of Lowell’s new public education facility, the Marley Foundation Astronomy Discovery Center, which opened this past November.

This recognition from TIME comes on the heels of Lowell Observatory also being voted as Newsweek’s Best Science Museum on March 6.

“Congratulations to Lowell Observatory for being named by TIME as one of the world’s 100 greatest places this year,” said Arizona Senator Mark Kelly. “For more than a century, Lowell Observatory has been at the forefront of space exploration and scientific discovery, inspiring generations of astronomers and deepening our understanding of the universe. This well-deserved honor reflects its lasting contributions to science and education. I am proud that Arizona is home to this world-class institution, and I look forward to seeing Lowell Observatory continue to push the boundaries of discovery.”

Arizona Governor Katie Hobbs said, “Congratulations to Lowell Observatory on this well-deserved recognition. For over 130 years, Lowell has led the way in astronomical research and education. It stands as a crown jewel of Arizona, yet its impact reaches far beyond, shaping science, education, the economy, and culture worldwide.”

Lowell Observatory was the first permanent scientific organization established in Flagstaff and laid the groundwork for the community to grow into a major center for astronomical research and education that now includes Northern Arizona University, the United States Geological Survey Flagstaff Science Campus, the Naval Observatory Flagstaff Station, and Coconino Community College, as well as the Flagstaff Dark Sky Coalition.

“The world will now know what Flagstaff has known for more than 100 years,” said Flagstaff Mayor Becky Daggett. “Planetary scientists and astronomers at Lowell Observatory are not only conducting innovative research, but the observatory’s education team is translating it into thrilling firsthand programming. The new Astronomy Discovery Center at Lowell Observatory guarantees that future planetary scientists and astronomers will be created right here in Flagstaff.”

TIME’s announcement comes on the 170th anniversary of the birth of Lowell Observatory founder Percival Lowell, who was born on March 13, 1855, and the announcement of Lowell Observatory’s discovery of Pluto on March 13, 1930.

“We are honored to be named as one of the world’s greatest places,” said Lowell Observatory Executive Director Dr. Amanda Bosh. “We think of Lowell Observatory as a portal between our world and other places in our solar system, galaxy, and universe. Our research brings space closer to us through our understanding of it, and we invite the public to join us in exploring the wonders of our universe as well.”

Links:
Lowell Observatory: lowell.edu
TIME Listing for Lowell Observatory: time.com/collections/worlds-greatest-places-2025/7263157/lowell-observatory
TIME World’s Greatest Places Full List: time.com/worldsgreatestplaces
Newsweek Announcement: newsweek.com/readerschoice/best-science-museum-2025
Flagstaff, Arizona: discoverflagstaff.com 

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

About Flagstaff, Arizona
Flagstaff is a four-season destination that provides an ideal home base for visitors to explore some of the most spectacular scenery in the world, including the Grand Canyon and other national parks and monuments, Route 66, a charming historic downtown with trains, shopping, art galleries, events, music, restaurants and nightlife. This mountain town is the world’s first international dark-sky city and is also in the world’s largest ponderosa pine forest and surrounded by Native American culture. Please stay and play responsibly.

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SOURCE Lowell Observatory

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