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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…