Contribution on revenue

Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , beauty , design , and more. How do four septuagenarian Swedish pop stars pull off a dazzlingly energetic 20-song set list before thousands of fans in a custom-built stadium? Easy: They get their holograms to do it. ABBA Voyage , a stunning marriage of art and technology architected by the visual effects company Industrial Light & Magic (ILM), has been a critical and financial success. It’s also a symbol of how the live performance industry is being transformed by technology, as digital elements are deployed to deepen fan immersion while staying true to what makes a live music experience so irreplicable. With concerts becoming increasingly visual extravaganzas, artists have access to new mediums to explore their creative … [Read more...] about The 10 most innovative companies producing live events in 2023

Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , architecture , design , and more. Nature has typically been the first place that beauty companies turn to for solutions to aging and skin imperfections. Now there’s a new source—biotech—and it takes its inspiration from the pharmaceutical industry. The move toward lab-generated ingredients that promise to improve on what scientists would find in nature dovetails with society’s larger embrace of personalized medicine, including cell and gene therapy, says Sarah Broyd, a partner at Durham, North Carolina–based Clarkston Consulting who specializes in consumer healthcare and pharmaceuticals. “Even the mRNA technology used in some of the COVID vaccines has contributed to a greater general understanding of how biotechnology works, which has … [Read more...] about The 10 most innovative companies in beauty of 2023

UPDATE The smelly, murky water putting off tourists from swimming in the sea at Maenam Beach in Koh Samui , southern Thailand , is not an oil spill but caused by a plankton bloom , which is a natural phenomenon, according to the Director of Koh Samui Harbour Authority, Arun Buppako. The photos circulating of green murky water at the beach show dead plankton floating on the surface of the water, said the director. Officials inspected the area and found no oil spills, he added. According to NaewNa , the director said… “Plankton blooms are a natural phenomena that happen every year. One main contributing factor is that when wastewater from the community is released into the sea, it acts as nutrients for plankton, causing them to multiply quickly. When the oxygen in the water depletes, the plankton dies, turning the seawater green. Related news Three mpox cases found in Thailand 4 hours ago Strikes in Germany force Thai Airways to … [Read more...] about Murky water at Koh Samui beach caused by plankton bloom, not oil spill: officials

Eventbrite is No. 42 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Halloween. That’s the tell for Eventbrite . If the haunted yacht cruises and cemetery tours are reaching out to the event planning and digital ticketing platform to list and promote their events, then the Thanksgiving Eve bar crawls, holiday light shows, and New Year’s Eve specials will follow. During Halloween 2022, the number of paid events on Eventbrite grew 30% over 2019, and ticket volume beat the company’s prior record by more than 50%. The reinvigorated enthusiasm for live experiences has been a boon to Eventbrite’s fortunes—and a success made possible only because Julia Hartz, cofounder and CEO, has spent the past few years effectively re-founding the company, which she created with her husband, Kevin, and their technical cofounder Renaud Visage in 2006. After the pandemic hit in … [Read more...] about How Eventbrite CEO Julia Hartz brought the ticketing platform back from the brink

Airbnb is No. 3 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Spring 2020 felt like a “near-death business experience,” says Airbnb cofounder and CEO Brian Chesky, as bookings dropped 80% within a few weeks . It was also an opportunity to trim back the company’s distracting side projects—tours, hotels, even an airline—and, he says, “focus on the core”: the design and experience of Airbnb’s home-rentals platform. “If not for the pandemic and the crisis, I don’t know how I would have made that pivot,” Chesky says. “But I had to basically rebuild the company a bit from the ground up.” Last spring, that work led to the biggest change to Airbnb in a decade : a top-to-bottom redesign that lets people search accommodation by category, rather than just destination, which has the benefit of introducing travelers to places and properties they might have otherwise … [Read more...] about After a “near-death business experience,” Airbnb’s Brian Chesky is perfecting his home-rentals platform

3dar is No. 47 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. 3dar, which started almost 20 years ago as an animation studio led by two filmmakers and brothers, has grown its profile and expanded its scope, growing into a leading production studio in virtual and augmented reality, using the technology to engage users and tell stories. The Buenos Aires, Argentina–based company was among Meta’s biggest AR filter partners in Latin America last year—creating selfie filters and social games for Instagram and Facebook throughout the year. It also earned a Lion at the 2022 Venice Film Festival in September for Eggscape , an immersive, mixed-reality game that turns a player’s environment into the backdrop for VR gameplay, in which players use the Meta Quest 2’s pass-through mode to guide an anthropomorphic egg through an AR obstacle course. 3dar’s mix of real-world … [Read more...] about From video games to Bad Bunny, this Argentinian studio is breaking new ground in AR and VR

Flashfood is No. 36 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Even as prices have soared, heightening food insecurity, the average grocery store discards up to $10,000 worth of items every day. “Food waste is such a stupid problem,” says Josh Domingues, founder and CEO of Flashfood . “We have so many people who are hungry, and so much food going to waste.” Flashfood’s mission is to divert food from landfills—where it emits methane that contributes to global warming—and onto people’s plates. The five-year-old startup created an app that lets grocers alert shoppers to food that’s nearing its expiration date (mostly meat, dairy, and produce) and offer them instant discounts—an average of 50%—to purchase those items. Shoppers buy the products in-app, before collecting them from dedicated Flashfood fridges and dry racks in-store. … [Read more...] about This app is tackling food insecurity and reducing grocery store waste

Ramp is No. 9 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Ramp cofounder and CEO Eric Glyman may lead an enterprise software company, but he’s not the type of guy who relishes the hard sell. (Ramp’s first sales hire, he says, was focused on customer success, not deals.) Instead, he likes to let Ramp’s products, including a corporate card and spend-management platform, do the talking. “We try to show the value first and let customers come to their own views,” Glyman says. A free calculator on the company’s website, for instance, predicts the dollar amount that prospective customers can expect to save if they switch to Ramp, based on their recent financials. If last year is any indication, Ramp’s product-first, gimmick-free approach has struck a chord, especially with small-business owners. More than 13,000 businesses now use the platform, a threefold increase year … [Read more...] about This company is making expense reports way less of a hassle

Bristol Myers Squibb is No. 18 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In 2022, Bristol Myers Squibb found itself on the cutting edge of drug development—reflected not only in groundbreaking products but in a sweeping diversity agenda. The New York City–based company, which reported 2022 revenue of $46.2 billion, had three drugs approved by the FDA last year: Opdualag, a first-line treatment for advanced melanoma, in March; Camzyos, a first-in-class cardiac drug for symptomatic obstructive hypertrophic cardiomyopathy, in April; and, in September, Sotyktu, the first new oral treatment for moderate-to-severe plaque psoriasis in nearly 10 years, discovered by BMS scientists. In 2022, these three new drugs had $284 million in combined sales. For most other pharma companies, that would be sufficient to appease investors and grow the business, but alongside its work … [Read more...] about This pharma giant is making sure new medicine works for more people

Refilling the U.S. Strategic Petroleum Reserve may take years, U.S. Energy Secretary Jennifer Granholm said this week, reversing plans the Biden administration announced late last year to repurchase at lower prices oil it sold from the reserve in 2022. However, the relatively limited size of the planned repurchases in proportion to global oil demand makes assessing the impact on U.S. crude oil markets somewhat difficult—especially amid current global economic trends and geopolitical challenges. KEY TAKEAWAYS U.S. Energy Secretary Jennifer Granholm said this week it may take years for the government to replenish its Strategic Petroleum Reserve. It's a reversal of plans the government announced last year to repurchase oil it sold from the reserve at lower prices. Current global economic concerns and geopolitical conditions, however, present challenges in assessing the market impact of the decision. Granholm told a House panel Thursday that the U.S. likely would not … [Read more...] about US to Take Years to Refill Its Strategic Petroleum Reserve