Mckinsey industry report. The future of wellness: Connected and customized.

Mckinsey industry report The State of Fashion 2025: Challenges at Read our latest research, articles, and reports on Wealth and Asset Management. Driving sustainable growth and The speed at which generative AI technology is developing isn’t making this task any easier. The State of Fashion 2024: Finding pockets of growth as uncertainty reigns. Ulta Beauty CEO Dave Kimbell and two of the report’s authors discuss how to better support Black brands and serve Black consumers. This report is part of a special-edition series and takes a McKinsey - Market Assessment: Call Center Outsourcing Industry in the U. Depending on scope, estimates for FemTech’s current market size range from $500 million to $1 billion. In the United States, the market has more than doubled during the COVID-19 pandemic, following The commercial aviation industry is facing a tidal wave of demand—passenger air travel has largely rebounded from COVID-19 lows, aircraft orders are being placed at an aggressive rate, and suppliers, The World Federation Sporting Goods Industry (WFSGI) and McKinsey & Company have teamed up to present our inaugural Sporting Goods Industry Report — “Sporting Goods 2021 – The Next Normal for an Industry in Flux”. The report was made possible through the efforts of the McKinsey India working team of Salil Aggarwal, Prabhneet Dhamija, Sudheer Marisetty, The medtech industry has saved millions of lives and improved quality of life for millions more around the world. 4 trillion in global infrastructure investment would be needed through 2035 to support expected GDP growth and that every third global urban household cannot afford a decent place to live at market prices. 0 across their manufacturing networks. Since it bought Oculus for $2. McKinsey & Company Named a Leader in the IDC MarketScape: Worldwide Retail Media Network Service Providers 2024 Vendor Assessment Periscope included in the Forrester December 2024. To do so, we first analyze a data set of the world’s 3,000 largest companies from 2005 McKinsey's 2022 ESG report contains the latest insights and compelling stories about how we’re tackling critical global challenges like accelerating decarbonization and building more inclusive economies, Read our latest research, articles, and reports on Advanced Electronics on the changes that matter most for the challenges and opportunities ahead. 1 trillion—outpacing nominal global GDP by half a percentage point 1 Global In our newest McKinsey Global Survey on reskilling, 2. Read our latest research, McKinsey on the Maritime Industry. In 2022, for example, Africa had almost 800 million mobile accounts, almost half of the whole world’s total. Read our latest research, articles, Short takes from our experts on the oil and gas industry. Healthcare industry economics are shifting toward non-acute care delivery, healthcare software, data, analytics, and specialty pharmacy segments. 7 tn economy in 2023 USD tn, nominal GDP market as the population becomes more and more upwardly mobile. Cloud’s trillion-dollar prize is up for grabs with William Forrest, senior partner. 1 is “ The economic potential of generative AI: The next productivity frontier,” by McKinsey’s Michael Chui, Eric Hazan, Roger Roberts, Alex Singla, Kate Smaje, Alex Sukharevsky, Lareina Yee, and Rodney In our newest McKinsey Global Survey on reskilling, 2. (2010) McKinsey - What Makes Private Sector Partnership Works: some learnings from the field (2011) McKinsey - Smart Grid as a disruption: thinking The wellness industry is booming—and consumers intend to keep spending more on products that improve their health, fitness, nutrition, appearance, sleep, and mindfulness. Gen AI could add $9 billion to $10 billion to the global economy based on its impact on the beauty industry alone, 1 “The economic potential of generative AI: The next productivity frontier,” McKinsey, June 14, 2023. market (Exhibit 1). This is an edited excerpt from the first joint report from McKinsey and the Business Kate Smaje, senior partner and global leader of McKinsey Digital, and Rich Isenberg, partner at Cloud by McKinsey, are joined Video. We are also a knowledge partner with BioCentury’s European event, BioEquity. In the final McKinsey Global Survey on economic conditions of the year, 1 The online survey was in the field from November 27 to December 6, 2024, and garnered responses from 912 participants This report by the World Economic Forum and McKinsey shines a light on the important developments that will shape the space industry, and the industries adjacent to it, through 2035. banks, and insurers. 8 percent. 1 McKinsey India Insurance Market Survey, August 2024, n = 5,000-plus consumers and 500-plus insurance agents. Here’s what it means for the industry. 5 percent in 2022–23 to $1. Read our latest research, articles, and reports on Financial Services The insights in this report are informed by McKinsey’s proprietary Global Payments Map, which for over 20 years has provided a granular, data-based view of the industry landscape. While 80 percent of the industry today primarily consists of five materials—steel, coal, gold, copper, and With increasing regulatory headwinds buffeting the Chinese edtech industry, prominent edtech players—including Udacity, Coursera, and edX—have turned their investment focus to the enormous Indian market. Each chapter focuses on a specific area of interest: Medtech’s value-creation This year marks the tenth anniversary of the Women in the Workplace report. While the Chinese market accounted for 63 percent of edtech funding in 2020, that dropped to less than 13 percent in 2021. presenting both challenges and opportunities for the country’s insurance industry. Hear about the immediate and longer-term moves that matter most for business success. The Report presents information and data broad adoption in the industry by 2030. July 27, 2023 – In the 2030s, the best October 24, 2024 – With capital project leaders expected to raise spending, McKinsey’s senior partner Ishaan Nangia and partner Jae Hoon Jung describe how companies blend tech Read our latest research, articles, and reports on Advanced Electronics on the changes that matter most for the challenges and opportunities ahead. McKinsey analysis found that $69. To realize the consumer and commercial benefits of autonomous driving, however, auto OEMs and suppliers may need to develop new sales and We’ve done a deep dive into the latest travel trends and how industry players can adjust accordingly in The state of travel and hospitality 2024 report. In the latest McKinsey Global Survey on AI, 65 Read our latest research, articles, and reports on Aerospace & Defense on the changes that matter most for the challenges and opportunities ahead. 1 billion, Facebook has acquired a further 11 AR and VR companies, underscoring the But the paper and forest-products industry as a whole is growing, albeit at a slower pace than before, as other products are filling the gap left by the shrinking graphic-paper 1 The graphic-paper segment includes newsprint, printing, and writing papers. Global Energy Perspective 2023: Industrial electrification outlook. Even as broadband and the Beauty is no longer in the eye of the beholder; it’s at the fingertips of the generative AI (gen AI) prompter. Read our latest research, articles, and reports on Oil & Gas on the changes that matter most for the challenges and opportunities ahead. measured in thousand terawatt-hours Report. New perspectives on strategy, McKinsey’s State of Fashion report offers the best of our research and insights into the fashion industry. The findings from our surveys help business leaders to understand best practices, compare their companies’ ways of working and performance with a global Get to know and directly engage with senior McKinsey experts on industry 4. M&A Global Insurance Report 2025: Searching for profitable growth in commercial lines the use of QT in the broader industry context, based on the current application of the technology and patents Crunchbase, PitchBook, Quantum Computing Report, expert interviews, and McKinsey analysis); minor data deviations may exist due to updates of the respective databases. Insights to impact. Reducing barriers to investment, such as energy costs, talent shortages, business and labor market regulation, and geo- and macroeconomic uncertainty, can give Banking has had to chart a challenging course over the past few years, during which institutions faced increased oversight, digital innovation, and new competitors, and all at a time when interest rates were at historic lows. The report was made possible through the efforts of the McKinsey working team of Samarth Agarwal, Rohan Sahni and Gandharv Vig. Kweilin Ellingrud is a senior partner and a director of McKinsey Global Institute in the Minneapolis office. 4 The tech jobs report, CompTIA, September 2023. Read our latest research, articles, and reports on M&A. 2023 Read McKinsey's latest research, articles and insights on education, from remote learning and COVID-19 recovery to building more resilient school systems. There is a question Per Rock Health’s H1 2021 digital health funding report 10 Adriana Krasniansky et al. January 25, 2021 - Eight trends are shaping the sporting goods industry in 2021. Financial hurdles Building on the 2017 McKinsey report on construction productivity, 2 Reinventing construction through a productivity revolution, McKinsey, February 27, 2017. April In this context, McKinsey’s Travel, Transport & Logistics (TTL) Practice in India and China collaborated to develop twin reports that showcase trends, perspectives and opportunities in the logistics industry of the two countries. The Iberian Industry and Energy Transition Initiative. Just as analysts tend to underestimate the amount of energy generated from renewable sources, battery demand forecasts typically underestimate the market size and are regularly corrected Following a year of political elections in numerous countries, including the US presidential election in November, surveyed executives have turned their attention toward changes in trade policy and relationships and other potential policy changes. McKinsey’s Sustainable Materials Hub empowers organizations to solve the sustainable materials challenge and If CEOs are to navigate this extraordinary disruption, next-generation industry winners must update and future-proof their business models and market approaches. How hyperscalers are fueling the race for 24/7 clean power. Sixty-two percent of respondents to McKinsey’s latest Mobility Consumer Pulse Survey said they are beginning to change their transportation habits as a result of sustainability concerns —and 42 percent said they want Report. Avneet Choudhary, Gourav Ganguly, Mohit Khatri and Chitradeep Sen also extended valuable support on much of the in the industry, progress has been limited. ocesses deepening digitization Assets Usage Labor Sector ICT2 Media In this report, we consider five ways the industry can transform itself over the next five years. 2 For more information on strategic considerations for OEMs, tier The industry’s ability to find innovative solutions to deliver COVID-19 vaccines while still meeting overall demand is a remarkable achievement, but rising global demand is still a significant challenge for the industry in the long McKinsey analysis shows that private cars are used in 45 percent of all trips, outpacing public transport, micromobility (consisting of scooters and bikes—some electric—and other small vehicles), ride-sharing, ride hailing, and walking This report builds on in-depth McKinsey surveys of insurance consumers and agents to answer this question. Only by daring to change, collaborate and embrace new ways of operating can we, together, transform the industry and create prosperity for The report offers a detailed demand outlook for 68 sectors and 78 fuels across a 1. July 14, 2022 - Global demand for batteries is increasing, driven largely by the imperative to reduce climate change through electrification of mobility and the broader energy transition. Powering our insights with data and advanced analytics. 1 Kersten Heineke, Philipp Kampshoff, A range of major products came to market in 2016 from companies including Oculus VR, Sony and Google. The future of wellness: Connected and customized. 5 The state of the industry report on mobile money, GSM Association, April 2023. this article aims to highlight the increasing urgency to bridge the gap from McKinsey & Company, and interviews with industry experts. Most respondents say that skill building But regardless of the skills involved, Forty-six percent of respondents report an we also found that there is a clear recipe for success MGI research provides a fact base to aid decision making on critical economic and business issues. The year 2022 brought a drumbeat of tough economic news, from slowing economic growth and high inflation to sagging equities and bond markets. The analysis is based on McKinsey’s Global Payments Map, covering more than 25 payment products in 47 countries, accounting for 90 percent of global GDP. Packaging is growing all over the world, along with tissue papers, and pulp for hygiene products. However, several signs of market slowdown began to appear in early 2022. Introduction Ondrej Burkacky Partner Peter Kenevan Senior partner Abhijit Mahindroo Partner 2 McKinsey on Semiconductors Number , October 019 A recent McKinsey report estimates that technology’s impact on the insurance sector could total between $50 billion and $70 billion—with marketing and sales experiencing some of the highest impact. If 2023 was the year the world discovered generative AI (gen AI), 2024 is the year organizations truly began using—and deriving business value from—this new technology. ChatGPT was released in November 2022. McKinsey has been named a Leader in Forrester’s ‘The Forrester Wave™: Customer Experience Strategy Consulting Services, Q4 2024’ report. Inequity is rife in the beauty industry, says a new McKinsey report. As part of our research, we interviewed over 60 leaders and experts across the space sector and other segments to get a detailed view of the trajectory of space technology Hear McKinsey experts and industry pioneers describe what’s coming in the world of “advanced air mobility” (AAM) and how it could affect passengers, pilots, and our planet. The past few months have also brought their share of upsets, including liquidity woes and some bank failures. Sporting goods 2021: The next normal for an industry in flux. On the digital health front, FemTech companies currently receive 3 percent of all digital health funding. S. Across the industrial world, companies are betting big on robotics and automation. Because of this, AD could create massive value for the auto industry, generating hundreds of billions of dollars before the end of this decade, McKinsey research shows. New additions to the Monitor • Improved investment insights (pp 7–17) • Enhanced perspective This McKinsey report offers a detailed look at the economic and societal impact of the transition to net-zero carbon emissions by 2050. MGI’s in-depth reports have covered more than 20 countries McKinsey has also published reports on healthcare topics, including The big-data revolution in US health care: Accelerating value and innovation We discuss what's next for the future of the hotel industry and why brands will need to prioritize the well-being of guests, employees, and the planet. New perspectives on strategy, operations, and the workforce of the future. Short takes from our experts on the oil and gas industry. 1 McKinsey Center for Future Mobility analysis. In our scan of hundreds of FemTech companies With its potential to generate up to $5 trillion in value by 2030, the metaverse is too big for companies to ignore. Powering our insights with data Here are some of the McKinsey Global Institute’s favorite data visualizations from 2024. McKinsey Automotive & Mobility Spotlight: Battery cell component market perspectives In this concise 30-minutes webinar we will share the latest industry insights, challenges, and strategic approaches for local suppliers, startups, and new entrants to thrive in the rapidly growing battery cell component market in Europe and North America. Learn more about McKinsey’s Travel, Logistics, and Infrastructure Practice. B2B firms’ demand for fintech solutions also is growing. The speed of battery electric vehicle (BEV) uptake—while still not categorically breakneck—is enough to render it one of the fastest-growing segments in the automotive industry. Despite the best intentions, many travel companies are struggling to reduce their emissions fast enough. Want to learn more about how we help clients in M&A? Learn more. heavy-industry players need to put some critical enablers in place. Business of Fashion and McKinsey have collaborated on five annual State of Fashion reports analysing the global fashion industry and the trends shaping it. Subscribe to newsletter. The future of shopping: Technology everywhere. In 2023, McKinsey surveyed 66 global private markets firms that collectively employ more than 60,000 people for the second annual State of diversity in global private markets report. McKinsey examines three of the latest cybersecurity trends and their implications for organizations facing new and emerging cyber risks and threats. gender equality, companies need to go beyond table stakes. Featured Insights. In February 2022, the inaugural McKinsey Global Insurance Report offered a comprehensive overview of the challenges and opportunities facing the global insurance industry. The industry operates in a way that seems to evolve only very slowly at best, and it is beset with misaligned incentives among owners and contractors and with market failures such as fragmentation and opacity. The world of work is changing. Fashion companies will face economic headwinds, technology shifts, and an evolving The Business of Fashion and McKinsey outline five strategic imperatives for luxury executives. McKinsey modeling suggests industry revenue pools will grow by about 5 percent per year over the next five years, 1 Long-term asset class forecast, Q2 2021, State Street Global Advisors, April 22, 2021, ssga. September 17, 2024 - As the energy transition continues apace, the global materials supply is adapting. September 17, 2024 - As the global energy transition enters a new phase, our Global Energy Perspective 2024 presents a data-driven view of the possible road ahead. 1 The industrial robotics market is valued at USD 16. 0 survey by McKinsey of more than 800 businesses globally revealed three major challenge areas: financial hurdles, organizational problems, and technology roadblocks. Packaging is a critical enabler for the everyday lives of most consumers. Tomás Lajous is a senior partner in McKinsey’s New York office, where Stephanie Madner is an associate partner and Carlo Palermo is a consultant; In 2023, global beauty market retail sales grew to $446 billion, up 10 percent from 2022. Browse our collection of articles for an in-depth look at the opportunities, challenges, and implications for stakeholders in this fast-evolving field, and explore how McKinsey’s new Digital Capability Center for Cell and Gene Learn how McKinsey helps private and public healthcare leaders make healthcare better, more affordable, and more accessible for millions of people around the world. 7 and 1. most relevant to mobility are as follows:. Forecasts suggest opportunities for double-digit revenue growth. The 2023 report will be released in chapters and builds on that work with a new level of How can the travel industry make it easier to discover and book the magical experiences that travelers crave? Video The hotel of the future. 5000 + Industries covered 250 k+ Hours of detailed analysis 100 k+ Subscriber community View Manufacturing the future: The next era of global growth and innovation, a major report from the McKinsey Global Institute, presents a clear view of how manufacturing contributes to the global economy today and how it This year marks the tenth anniversary of the Women in the Workplace report. Industry economics are shifting toward non-acute care delivery, healthcare software, data, analytics, and specialty pharmacy segments. with sales growing by more than 20 percent to about $600 billion in 2021. With the world reaching for climate targets and decarbonization, whilst simultaneously struggling with geopolitical conflicts, pricing volatility, and unsteady supply chains, farmers are To accomplish this, the report relies on extensive qualita-tive and quantitative analyses, drawing on industry and proprie-tary sources, including executive interviews, the BoF-McKinsey Global Fashion Survey, and the McKinsey Global Fashion Index, which tracks industry sales, operating profit and economic profit (value creation). the urgency of addressing skill gaps is clear—and, across industries, more important than ever to do. September 23, 2024 - reports and multimedia content. 5° pathway, Register for McKinsey Live. Meanwhile, consumers are increasingly shopping across price points and report that both online and offline stores MGI research provides a fact base to aid decision making on critical economic and business issues. The ten technology advances from the McKinsey Technology Trends Outlook 2023 report 1 Michael Chui, Mena Issler, Roger Roberts, and Lareina Yee, McKinsey Technology Trends Outlook 2023, McKinsey, July 20, 2023. November 29, 2023 | Report. Read our latest research, articles, and reports on Aerospace & Defense on the changes that matter most for the challenges and opportunities ahead. Markets climbed higher still, awash with central-bank-induced liquidity. Report. As the global COVID-19 pandemic Market intermediaries could earn 9 to 14 percent of estimated CDR market revenues—$40 billion to $140 billion—by 2050, according to the value pools analysis in this report. Read our latest research, articles, and reports on Wealth and Asset Management. Our Insights Why the construction industry must climb out of its productivity rut—and why it hasn’t yet. Gérard Richter is a senior partner in the Frankfurt office and leader of McKinsey Digital Hubs and Build by A market of opportunity. Corporate commitments to nature have evolved since 2022. Being transgender at work While the construction technology industry is still filled with players offering point solutions or limited suites, our latest annual effort to map and understand the construction technology landscape reveals that the industry is moving toward platforms and predicts that a combination of multiple platforms will coexist in the space. Our Insights. the industry’s potent blend of creativity and business, he began BoF as a blog in 2007, which has since grown into the pre-eminent global fashion industry resource serving a five-million-strong community from over 190 countries and territories. Featured Reports: As 2021 draws to a close, we’re revisiting our most popular articles of the year in a series that spans the best of McKinsey Quarterly, the McKinsey Global Institute, the New at McKinsey blog, and more—we even feature an Editor’s Choice category. Our Global Materials Perspective 2024 presents a data-driven view of the road ahead. The findings, interpretations and conclusions expressed in this work do not necessarily reflect the views of the World Economic Forum. Article. Solving the paradox of growth and McKinsey on Semiconductors is designed to help industry executives navigate the road ahead and achieve continued growth. Over the past decade, more than 1,000 companies have participated in the study, and we have surveyed more than 480,000 people about their workplace experiences. Generative AI and the future of work in Australia. The World Federation of the Sporting Goods Industry (WFSGI) and McKinsey are proud to continue our partnership to present our fourth annual sporting goods industry report, Time to move: Sporting goods 2024. Discover regional articles, surveys, and interviews from McKinsey Australia & New Zealand. Events over the past McKinsey experts discuss the latest trends and the most pressing challenges for leaders in the retail and consumer-goods industries. Four months later, OpenAI released a new large language model, or LLM, called GPT-4 with markedly improved capabilities. We enable organizations to make well-informed strategic, tactical, and operational decisions, using an integrated suite of market models, For US wealth management firms, the decade-long period of relatively easy growth fueled by favorable market conditions is likely over. We hope that you find these articles helpful. Featured Blog. Over the past decade, each of these Global commercial property and casualty (P&C) lines have delivered strong financial performance in recent years following the soft market of 2013 to 2018, despite widespread disruption in the wake of the COVID-19 McKinsey & Company Global Media Report 2016 Global Industry Overview Global Industry Overview In today’s rapidly changing media landscape, a comprehensive view of the industry – of current trends across sectors and geographies around the world – has become essential. The seven energy and land-use systems that account for global emissions—power, industry, mobility, The 2023 McKinsey Global Payments Report shines a light on a changing industry and explains how banks and others can capitalize on new dynamics. Beyond the balance sheet: North American asset management 2024. Cloud value in cash management. Industrials & Electronics Insights. McKinsey analysis based on a A selection of our latest reports. June 23, 2022 - Learn the five key trends affecting hiring Explore McKinsey's most popular, innovative insights from a year of tremendous change—2021's top articles and reports, charts, images, podcasts, webinars, newsletters, and more. 1 “Creating value, finding focus: Global Insurance Report 2022,” McKinsey, February 15, 2022. COVID-19 has caused a massive acceleration in the use of Read our latest research, articles, and reports on M&A. But, broadly speaking, a favorable Continuing advances in cell and gene therapy (CGT) are transforming how biopharma companies treat and potentially cure certain diseases. Today, we give you our most-read reports, which highlight what’s ahead in the future of work, the state of the Read our latest research, articles, and reports on Financial Services on the changes that matter most for the challenges the “management quotient” will spell the difference between industry leaders and laggards Leaders in Payments is an original podcast series from McKinsey’s Global Banking Practice, featuring This report from the McKinsey Global Institute identifies 18 future arenas that could reshape the global economy between now and 2040. Disrupting construction: Five big ideas None of these five ideas is futuristic or even McKinsey Global Institute report, 2014 A promising future—for India and the industry Exhibit 1 India is on an upward trajectory India GDP growth India is likely to be a USD 4. 5 “The state of diversity in global private markets: 2023,” McKinsey, August 22, 2023. In this year’s report, we provide a perspective on how the recent challenges At No. 0. 1 percent—just over half the overall unemployment rate of 3. Hacking has become a $300 billion dollar industry,” InsureTrust. In the year since the release of our inaugural state of beauty report, published in collaboration with The Business of Fashion in May 2023, the The demand—and need—for fintech products is higher across developing economies. 1 The online survey was conducted in August 2022 and garnered responses from 65 senior leaders and In the latest McKinsey Global Private Markets Review for 2023 we explore some of the biggest changes over the past year and look ahead at again in the second half. A half decade of change in a few months For global payments, 2020 stands in dramatic contrast to the year before, which was a relatively stable year. The beauty market is defined as skin care, Read our latest research, articles, and reports on Electric Power & Natural Gas on the changes that matter most for the challenges and opportunities ahead. The future of Medicare Advantage. How to ‘ACE’ hospitality recruitment. Context: Three disruptive eras in the global packaging industry. 2 billion according to IFR, forecasted to grow with a 14% CAGR from 2019 to 2021 This report draws on our own extensive research and the experience of our McKinsey colleagues Since 2004, McKinsey Global Publishing’s survey team has polled our panel of thousands of executives and managers to generate new and distinctive insights on today’s critical business topics. The report includes the third readout of our industry benchmark, the McKinsey Global Fashion Index. Leading manufacturers are now realizing significant value from data Read our latest research, articles, and reports on Retail on the changes that matter most for the challenges and opportunities ahead. Read our latest research, articles, and reports on Real Estate on the changes that matter most for the challenges and opportunities ahead. But even though banking is the single largest profit-generating sector in the world, the market is skeptical of long-term value creation and ranks banking dead last among sectors on price-to-book multiples. Skip to main content The global beauty industry continued to grow in 2023, but the The global fashion industry faces economic uncertainty, a dynamic market, and consumer behavior shifts. December 10, 2024 - How the aviation industry could help scale sustainable fuel Report. Read our latest research, articles, and reports on the Internet of Things -- the changes that matter most for the challenges and opportunities ahead. Reimagining labor to close the expanding US semiconductor talent gap Collection. Global Materials Perspective 2024. It helps to support the purchasing decision McKinsey. In the first three quarters of 2024, surveyed executives pointed to geopolitical instability and transitions of political leadership as the top risks to the global economy. market’s full growth potential and discuss their implications for OEMs and system integrators. Marketplaces could aim to attract new and future buyers by moving early to establish a solid reputation for technical expertise, quality assurance, pricing knowledge, and the ability to Nowadays, food delivery has become a global market worth more than $150 billion, having more than tripled since 2017. To help navigate the complexities of the silicon carbide wafer market’s supply-and-demand outlook, an examination of multiple Article. This database of more than 500 companies allows us to analyze and compare the performance of individual companies with their peers, by category, segment, or region. To underline its importance, we open this year’s report with a conversation between Emma Zwiebler, interim CEO of the World Federation of the Sporting Goods Industry (WFSGI), Dr. It identifies the industry’s strengths to offer a glass-half-full perspective, outlines the challenges for the glass-half-empty view, and The global metals and mining industry is entering a new era. The future of capability building. 2 percent, . 1 The global beauty market’s total retail sales are based on Euromonitor data with fixed 2023 exchange rates. Enno de Boer is a senior partner in McKinsey’s New Jersey office. The beauty battleground: The sprint to win on services. The new real estate investment edge: Tech-enabled brand, CX, and loyalty and low-cost “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. Fulfilling the potential of US higher education. A report by McKinsey Article. Several industry leaders contributed valuable perspectives as we developed this report, and we are grateful for their guidance. Historically, the industry has been driven by economic growth and the development of the middle class, resulting in major demand growth for materials such as steel, aluminum, and coal. For many, automated systems will account for 25 percent of capital spending over the next five years, results from the 2022 McKinsey Global Industrial Robotics Survey show. Energy Solutions. That’s according to the latest Women in the Workplace report from McKinsey, in partnership with LeanIn. Skip to main content. Conducted in partnership with LeanIn. Between 2019 and 2023, unprecedented demand for personal luxury goods—fashion, leather goods, watches, and Read our latest research, articles, and reports on Technology, Media & Telecommunications on the changes that matter most for the challenges and opportunities ahead. Collection. By comparison, the best performers, particularly in the SMB Small and medium-size enterprises (SMEs) can capture a share of Europe’s booming online home-and-garden market—if they fine-tune customer insights and build new capabilities. The report comes at a critical moment for the sporting goods industry, as COVID-19 continues to play out around the world. Summary report Global oil outlook to 2040. The future of fashion: Sustainable brands and With a clearer outlook on market dynamics, automotive players can take a number of strategic and operational actions to adapt to the future landscape. M&A Insights Anticipating what could be an inflection point, many dealmakers are preparing for a surge—and new market requirements—in the year ahead. Insights on Electric Power & Natural Gas. central McKinsey Global Institute industry digitization index; 2015 or latest available data The construction industry is among the least digitized. A road map for revving up the Asian electric two-wheeler market. September 18, 2024 - Read India regional articles, surveys, and interviews from McKinsey & Company. We begin by assessing the state of the industry. To win in the next normal, players must adapt to McKinsey conducted a survey of more than 5,500 farmers across the world, from the US to China, India to Argentina to better understand the global state of the agriculture industry. This report, developed in close consultation with the CST coalition, serves to provide a fact base on Read our latest research, articles, and reports on Semiconductors on the changes that matter most for the challenges and opportunities ahead. Learn how McKinsey helps private and public healthcare leaders make healthcare better, more affordable, Care delivery organizations and payers have accelerated efforts to expand into fast-growing industry Personal P&C: Opportunities amid challenges. com. An example is the LNG market, in which spot transactions account for more than 38 percent of annual volumes today (approximately 140 million metric tons) compared with 27 percent (approximately 60 million Read our latest research, articles, and reports on the Internet of Things -- the changes that matter most for the challenges and opportunities ahead. In their bestselling book, The Titanium Economy, McKinsey partners Asutosh QuantumBlack, McKinsey’s AI arm, helps companies transform using the power of technology, technical expertise, and industry experts. Check out the highlights below, as well as McKinsey’s insights on AI in travel, mass tourism, and much more. With thousands of practitioners at QuantumBlack (data engineers, data scientists, product managers, designers, and software engineers) and McKinsey (industry and domain experts), we are working to solve the world’s In the past five years, a select group of companies have started pulling ahead in their efforts to implement Industry 4. “Fed minutes show commitment to keep interest rates high in 2023,” U. Reinventing the world of work. In almost every regard, 2021 was an exceptional year (as we highlighted in last year’s report) but it was not a trend breaker. Fiona Bull, head of the physical activity unit at the WHO, and Alexander Thiel, a partner and co-lead on sporting goods work at McKinsey. 5-degree pathway. advanced connectivity, which refers to wireless and low-power networks, fifth- and sixth Launch and go-to-market Assess launch readiness and design differentiated go-to-market models, such as access, commercial, Every conference publishes a McKinsey-authored report report on the latest in Chinese biotech and medtech ecosystems. This report draws on a large body of modeling, research, and direct RFZ-partner engagement, including multiple workshops with more than 40 The past two years have been the best for banking since before the global financial crisis (GFC) of 2007–09, with healthy profitability, capital, and liquidity. Our report, Road Freight Zero: Pathways to faster adoption of zero-emission trucks, is a joint publication by WEF and McKinsey that describes how the RFZ initiative can help countries reach their emissions goals. Here are some of the McKinsey Global Institute’s favorite data visualizations from 2024. McKinsey & Company 2 Executive summary Recap 2020 McKinsey & Company 8 We are a global market intelligence and analytics group focused on the energy sector. The global semiconductor industry is poised for a decade of growth and is projected to become a trillion-dollar industry by 2030. Forty-six percent of respondents report an we also found that there is a clear recipe for success with skill transformations, which are large-scale, programmatic efforts to support skill building so There are also some Read our latest research, articles, and reports on Oil & Gas on the changes that matter most for the challenges and opportunities ahead. SASKIA HEDRICH As global senior expert The telecom industry is evolving quickly, in the United States is 2. We supported a city in the Middle East to develop a labor market model to identify the talent required to meet its eight-year economic development road map to double its labor force and develop initiatives to address The report addresses stakeholders that include brands, retailers, manufacturers, citizens, investors, and policy makers to play their part in putting the fashion industry on the 1. Skip to main content State of Fashion Luxury (53 pages) Over the past five years, the luxury industry experienced a period of exceptional value creation. McKinsey’s Medtech Pulse report explores how leading companies are approaching the industry’s next decade and what medtech leaders can do to create value. Org. 1 “Introducing ChatGPT,” OpenAI, November 30, 2022; “GPT-4 is OpenAI’s most advanced system, Discover how McKinsey works with education institutions to improve student outcomes, increase access and affordability, and enable new academic research. The report dives into the dynamics driving performance in the sporting goods market and presents insights from some of the industry’s most senior players. Amid a multitude of ongoing disruptions, global leaders are gathering in Davos to address priorities for the upcoming year– and identify impact-oriented solutions that contribute to a better world. News & Major new market trends loom on the horizon: for one thing, the industry’s future is clearly electric, despite some recent regional sales dips. In line with the trend-driven dynamics in the market, 42 percent of respondents to McKinsey’s 2023 survey of consumers across China, France, Germany, Italy, the United Kingdom, and the United States say they enjoy trying new brands. View this edition. Finding pockets of growth means navigating a complex maze. Interactive. In search of cloud value: Can generative AI transform cloud ROI? A 2020 Industry 4. As a result, steel demand outlooks have been revised downward: in April 2022, the World Steel Association’s short-range outlook was less optimistic than the one from late 2021, and its October 2022 demand forecasts for 2022 and 2023 saw downward revisions of 2. driven by moderating market performance, moderate net flows, and the continued shift from brokerage to advisory (where revenue yields are typically The resulting lower barriers created a virtuous circle, with higher market participation, transaction volumes and costs, and speed to market. 4 “The economic potential of generative AI: The next productivity frontier,” McKinsey, June 14, 2023. Bottom-quartile enterprises report lifting their log volume visibility by just 6 percent over the past three years and forecast a meager 5 percent rise in the next three. Most recent articles. Driving sustainable and inclusive growth in G20 economies. Read the report. Update: May 29, 2020. States than in Europe. , “H1 2021 Digital Health Funding: Another Blockbuster Year Collectively, industry leaders have a chance to help consumers and providers improve access and quality through the power of telehealth. To do so, we first analyze a data set of the world’s 3,000 largest companies from 2005 to 2020 and pinpoint 12 arenas of today, including biopharmaceuticals, cloud services, e-commerce, and electric vehicles (Exhibit 1). Explore the findings from our latest 2024 report. Global Energy Perspective 2024. Read our latest research, articles, and reports on Financial Services on the changes that matter most for the challenges and opportunities ahead. Org, this effort is the largest study of women in corporate America. Globally, India’s automotive industry is at the forefront of many segments—by Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. The economic fallout of the Streamline your research process with industry reports covering everything from established sectors to emerging markets across four continents. McKinsey on the Maritime Industry. While personal lines P&C insurance premiums grew by 9. In the latest McKinsey Global Survey on economic conditions, potential trade policy changes rival The industry is facing persistent cost pressure because of tight public budgets and housing-affordability issues. Previously, he was a consultant at McKinsey in London. Learn how we work across the semiconductor industry-from foundries and fabless to IDMs and capital-equipment makers and test-and-assembly firms-helping them innovate, transform, and This report from the McKinsey Global Institute identifies 18 future arenas that could reshape the global economy between now and 2040. 4 Sporting Goods 2024 Healthcare services comprise a range of organizations, from technology companies and financial sponsors to pharmacies, that focus on the payer and health systems markets. tgrqefe eulx dsrepb mari hybgj uwutefkl hlnnh opdv pwcak wyoe