McKinsey & Company

For years, McKinsey has tracked the steady rise of female-controlled assets and analyzed its potential implications in the United States and in Europe. McKinsey recently surveyed more than 13,000 US and European investors, of whom almost half were female financial decision-makers. The team also interviewed wealth managers in the United States and Europe to better understand the challenges involved in attracting and retaining female clients. The survey and interview responses…

People are asked to update the operating systems on their phones all the time. What if leaders applied that same kind of polishing and bug fixing to themselves? McKinsey research shows that executives who periodically review and revise their priorities, roles, time, and energy tend to be more productive, work more consciously, and drive change more effectively. In this episode of The McKinsey Podcast, McKinsey Senior Partner Arne Gast joins McKinsey…

The biopharmaceutical industry is experiencing a surge in demand for large molecules, driven by advances in biotechnology and the need for innovative treatments for complex diseases. With an annual growth rate of around 6 percent, the sector's role in global healthcare is more critical than ever. However, existing production capacities are struggling to keep up, even though the pharmaceutical industry is spending around $57 billion every year on new facilities.…

Latin America is consolidating as the world’s fastest-growing and most profitable region for insurance. Insights from McKinsey’s Global Insurance Report 2025 find that while it accounts for just 3 percent of the world’s insurance market, gross written premiums grew at 11 percent annually from 2019 to 2024, and the region retains significant room to grow. Penetration levels across Latin America remain lower than in other major markets (Exhibit 1). Claim levels have…

Resilience is critical in today’s organizations, given the state of uncertainty and permacrisis in which most teams and individuals operate. Yet McKinsey research suggests that many leaders and organizations aren’t spending enough time building that resilience. A full 84 percent of leaders report feeling underprepared for future disruptions, and 60 percent of board members say their companies are not ready for the next major event. Discussions with global CEOs reveal…

Now that the second quarter of 2025 is fully underway, it is increasingly evident that China’s consumer market has settled into a “new reality” characterized by single-digit consumption growth. Citing Chinese consumers’ “lack of confidence” and “trading down” behavior, market analysts continue to raise a series of challenging questions: Have pockets of growth narrowed? Has lower sentiment dampened spending intent? Our latest research reveals that, while challenges do remain, the…

The popular yarns about “work from home” and “return to the office” tend to be absolutist. First, there’s the notion that prior to the COVID-19 pandemic, everyone was in the office every day. Next, the idea is that during and after the pandemic, no one went in at all. Lately, the story goes that offices are packing up to the rafters yet again. The truth, underscored by the findings from…

The telecommunications (telco) industry has become an indispensable driver of economic growth worldwide. Mobile phones have transcended their traditional role as communication devices and developed into powerful tools that drive social and economic progress. From facilitating remote education and healthcare to empowering small businesses and boosting agricultural productivity, the impact of mobile technology is far-reaching—and expanding—especially in Africa. While African operators face headwinds, including regulatory complexities and infrastructure gaps, the…

There is an adage that people don’t leave their jobs; they leave their managers. This reality is particularly critical given how important managers are to the overall success of an organization and its people. Indeed, middle managers are the heart of any organization, deeply influencing talent, culture, and employee experience. They are the face of leadership for the front lines and the bridge from executive strategy to implementation. Middle manager performance…

In this edition of Author Talks, McKinsey Global Publishing’s Roberta Fusaro speaks with McKinsey Partner Tim Koller about the latest edition of the seminal practitioner guide, Valuation: Measuring and Managing the Value of Companies (Wiley, May 2025), coauthored with Marc Goedhart and David Wessels. Now in its eighth edition, Valuation has been a trusted resource for executives, financial professionals, and others seeking a deeper understanding of the valuation process and…

A global system of full economic integration—the aspiration of decades of negotiations and the worldwide underpinning of corporate strategy—has never been fully realized. The latest round of global trade talks sputtered to an inconclusive end in the early 2010s. But even as views on the benefits and fairness of the system diverged among countries, there was no overt challenge to the framework of global trade. That changed on April 2,…

In today’s business landscape, more and more companies are focused on reducing both carbon emissions and costs simultaneously. This dual mission is not just a strategic choice but a necessity driven by rising costs and increasing regulatory pressure, such as from Europe’s Carbon Border Adjustment Mechanism (CBAM) and European Trading Scheme (ETS, now extended under ETS2), and new disclosure standards taking effect in Australia and Japan. Yet to date, only…

In a world shaped by accelerating change, resilience is essential for both survival and success. Today’s leaders are increasingly seeing that resilience is about not only enduring crises but also thriving in the face of them. Strikingly, research from the World Economic Forum (WEF) and McKinsey suggests that 84 percent of companies report being underprepared for current trends and uncertainties. To understand the role resilience plays in large, global organizations, McKinsey…

Profitability and growth dynamics in the semiconductor industry have shifted dramatically in recent years. The industry as a whole has experienced impressive economic profit growth, rising from $38 billion in the 2000–09 period to $450 billion in 2010–19, according to McKinsey analysis. In October 2024, the McKinsey Global Institute noted semiconductors as one of 18 industries poised to transform the future business landscape, with anticipated value of between $1.7 trillion and…

As our America at 250 series highlights, today’s public sector leaders must navigate choppy seas—and the winds of change may only intensify. For both new and established government leaders, reality may look quite different from the bridge of their ship than from how they imagined it would be based on previous experiences. They must be prepared to learn and adapt. As retired US Navy Admiral Eric Olson notes in McKinsey’s new…

When is a medical-device manufacturer not just a medical-device manufacturer? When it’s also an online marketplace for consumers to buy wellness products and get advice from healthcare providers. Amid unrelenting pressure from digital-first competitors, McKinsey analysis finds that established companies across sectors are increasingly building new business-to-consumer (B2C) businesses to capture their share of the $25 trillion B2C market. B2C business building is gaining traction because the traditional corporate strategy…

Individual and collective health are paramount to productivity, happiness, and overall societal progress in America. Truly enhancing well-being requires adopting an approach to health that adds not only years to life but also life to years. Health is “not merely the absence of disease or infirmity,” according to WHO. Good workplace health involves holistic health, which is an integrated view of an individual’s mental, physical, spiritual, and social functioning. To…

Cutting through all the noise about AI, Vijay Guntur, chief technology officer and head of ecosystems at global IT consulting company HCLTech, talks about the inevitable pursuit of ROI and how he sees it not just in financial terms. In a conversation with Abhay Mital, a partner with McKinsey’s Technology, Media & Telecommunications Practice in India, Vijay opens up about deriving value from AI, the challenges of change management, going…

At a glance Achieving high-income status by 2045 would require Indonesia to increase productivity growth by 1.6 times. GDP would need to grow at 5.4 percent a year, and productivity would need to play a bigger part—accelerating its growth rate from 3.1 percent a year since 2000 to 4.9 percent because of changing demographics. Other countries that started with comparable per capita GDP achieved high-income status within 15 to 30…

There has been meaningful momentum toward the energy transition, but a number of forces are creating uncertainty. They include shifting geopolitics, policy uncertainty in many countries, the macroeconomic environment, and rising energy demand from the adoption of artificial intelligence tools, to name a few.But even in the face of these near-term uncertainties, it is important not to lose sight of the core—long-term—challenge at the heart of the transition. The energy…

McKinsey research shows that healthy organizations—those with strong performance cultures—consistently outdo their peers. To understand the state of organizational health in Southeast Asia, we analyzed data from more than 200,000 respondents to McKinsey’s Organizational Health Index (OHI) survey, covering nearly 40 companies over a five-year period (see sidebar, “Understanding organizational health”). Overall, we found organizational health in the region to be robust. Many organizations have built thriving cultures, characterized by…

On this page: Opportunity | Solution | Impact 0K+people trainedin digital & sustainable transformation 0%improvement in productivity0+companiesaccess upskilling & capability building The Opportunity Empowering Turkish manufacturers with innovation The Turkish Employers Association of Metal Industries (MESS) has been a cornerstone of the Turkish economy since it was founded in 1959 to help lead the development of the country’s metal industry. MESS encompasses more than 230,000 employees across major industries, including…

Logistics companies are striving to improve safety, efficiency, and sustainability. Yet, traditional methods often lack real-time data and insights to drive meaningful change. In this episode of McKinsey Talks Operations, Samsara’s CEO and cofounder, Sanjit Biswas, joins McKinsey’s Renee Jackson to discuss how AI-driven digital solutions are transforming logistics operations, from reducing accidents to optimizing asset utilization. This conversation has been edited for length and clarity. Daphne Luchtenberg: In a…

State and local governments across the United States confront pressure to reduce costs while meeting residents’ rising expectations. The Trump administration’s actions at the federal level may reduce or even stop federal funding across a range of programs, leaving state and local governments with the dilemma of whether to continue such services or let them sunset. At the same time, the changes originating in Washington, DC, offer many opportunities for…

At a glance Despite contributing to a substantial 290 million disability-adjusted life years (DALYs) of the global disease burden, mental health conditions only receive 2 percent of domestic government healthcare funding globally, resulting in an annual funding gap of $200 billion to $350 billion. Scaling known, cost-effective interventions to prevent, treat, and help people recover from mental health conditions (which include mental and substance use disorders) could avert 150 million DALYs…

Quantum computing has long been technology’s white whale. But in recent months, new developments suggest practical applications for this elusive technology could finally be within reach. “Quantum has been five to ten years away from fruition for many, many decades,” says McKinsey Partner Michael Bogobowicz. “Now it feels three to five years away.” In this episode of The McKinsey Podcast, Bogobowicz joins McKinsey Global Editorial Director Lucia Rahilly to discuss…

Is the US federal government as productive as it could be? It’s been a near-constant question for the past 50 years. The government’s role and workforce expanded considerably with Franklin Roosevelt’s New Deal. By 1971, Richard Nixon had seized on productivity as an antidote to the nation’s economic woes. In 1988, Ronald Reagan issued an executive order to enroll every agency in a productivity improvement program. Later, the Clinton administration’s…

The growth of the Global Lighthouse Network (GLN)—from 16 sites in 2018 to nearly 200 today, across 33 countries and 35 subsectors—underscores the progress leaders have made on the original challenge the GLN identified: integrating advanced technologies at scale to realize significant economic and financial benefits. The latest Lighthouses, awarded in October 2024 and January 2025, follow the same core principles identified when the network began. Their leaders recognize that…

Imagine you were a railway executive with a contract to transport valuable cargo across the country. You wouldn’t have a different engine pulling each individual car of cargo. It would be much more efficient and cost-effective to hitch as many cargo cars as possible to the same engine. In fact, you would want a standard set of trains and connectors that would allow you to pull different kinds of cargo…

As President Calvin Coolidge said, in so many words, “The business of America is business.” One hundred years later, his words still ring true, as American businesses have a profound impact on American lives and livelihoods. American businesses employ roughly 83 percent of the US labor force, equivalent to about 136 million jobs—nearly half of which belong to small businesses with fewer than 500 employees. And of course, all Americans…

This report is part of a research collaboration among McKinsey, the Mozilla Foundation, and the Patrick J. McGovern Foundation. Open source software has long been a critical part of the technology ecosystem. Commercial software typically requires a commercial license or subscription and restricts access to its core technology. However, open source tools are developed collaboratively and made available to the public to use, modify, and distribute with far fewer restrictions.…

Cue the fireworks: The United States will turn 250 next year. It’s a big birthday, and as anyone who has turned 18 or 50 or 75 will know, a milestone like this presents an occasion for both celebration and reflection. The cause for rejoicing is clear: By many accounts, the United States is the longest-lived constitutional democracy in history. The reasons for reflection are equally evident: The journey to this…

The automotive industry is amid the largest transformation to occur since cars began to replace horse-drawn wagons. Electric vehicles (EVs) continue to gain market share, cars are becoming more connected, and autonomous vehicles are increasingly starting to appear on more streets worldwide. But the transition to new technologies has not been without challenges and twists, especially in the EV sector. After rising rapidly for years, EV sales growth has slowed…

Globally, semiconductor companies plan to invest about $1 trillion through 2030 in new fabrication plants (fabs), and the global annual revenue of the industry is expected to reach more than $1 trillion by 2030. This does not include the significant potential revenue from the adoption of gen AI according to even modest upside scenarios. Beyond satisfying market demand, these investments will also help regions increase supply resilience across the semiconductor value…

On this page: Opportunity | Solution | Impact 0 ptincrease incustomer satisfaction (NPS)0Kservice agentstrained in first round0%increase infirst-time resolution rates YoY The Opportunity Giving individuals the skills they need, when they need them Deutsche Telekom serves a vast customer base, including 23.5 million private customers, 2.4 million SMEs, and 300,000 organizations across Germany. With more than 15,000 call center agents and 5,500 field service agents on the ground, the telecom…

At Bosch Mobility’s Suzhou factory (a member of the Global Lighthouse Network designated in 2021), the integration of lean principles and Industry 4.0 technologies has transformed operations, enhancing efficiency and sustainability. The use of AI for predictive maintenance and automated optical inspection has boosted productivity and failure pattern identification, and extensive virtual simulations have enabled the site to achieve more efficient ramp-ups in the production of mobility solutions. Talking with…

Since the United States’ announcement of reciprocal tariffs on April 2, 2025, financial markets around the world have seen heightened volatility, raising concerns about the impact on the global economy. The combined tariffs enacted by the US government since that date have rapidly raised the country’s weighted-average tariff rate to its highest level in the past 100 years, from approximately 2 percent at the start of 2025 to more than…

Alok Sama spent years in corporate finance as a managing director at Morgan Stanley before joining Softbank as CFO and plunging into founder-CEO Masayoshi Son’s world of high-speed, high-risk decision-making. For Sama, the shift involved many eye-opening experiences, which he later shared in a memoir titled, The Money Trap: Lost Illusions Inside the Tech Bubble (St. Martin’s Press, 2024). In this episode of Inside the Strategy Room, Sama speaks with…

Companies are striving for end-to-end visibility, efficiency, and agility in their supply chains. Yet outdated infrastructure, fragmented data, and supply chain disruptions make these goals difficult to achieve. Can gen AI bridge the gap? In this episode of McKinsey Talks Operations, host Daphne Luchtenberg speaks with Knut Alicke, author and leader of McKinsey’s Supply Chain Executive Academy; Alberto Oca, McKinsey partner and coleader of digital warehousing in North America; Asaf Somekh,…

In this episode of McKinsey on Building Products, McKinsey partner Rikki Singh sits down with Zeynep Inanoglu Ozdemir, chief marketing officer at Atlassian. With her varied background, Ozdemir helps her marketing team apply innovative, data-driven insights to their product-led-growth (PLG) approach. During their conversation, Singh and Ozdemir discuss the role marketing plays in Atlassian’s PLG efforts; how product, marketing, and sales teams can collaborate to achieve big goals; and how…