Business, Management, Marketing, Money, Tax, Law, People

To millennials and Gen Zers, wellness has become a daily, personalized practice rather than a set of occasional activities or purchases. As this shift takes hold, it’s influencing the direction of the $2 trillion global wellness industry, which is expanding beyond its core categories. Even though younger demographics may be pushing the industry forward, older consumers, too, are becoming more interested in an expanding definition of wellness. In our fourth…

Every year, millions of tourists flock to Italy to take in cultural sites and, of course, shop. Italy is home to major global fashion brands and storied craftsmanship, playing a critical role in the global fashion industry. There may be high foot traffic on Via Montenapoleone in Milan or Via Tornabuoni in Florence, but the Italian fashion sector nevertheless faces several challenges, some of which are homegrown, while others are…

Most CEOs recognize the transformation opportunities inherent in an M&A transaction. As we’ve noted previously, the deal can be a catalyst for reimagining the strategy of the combined business; identifying and pursuing new sources of value; enhancing operations, or the way the business executes on its strategy; and attracting and developing new talent and capabilities. Of those four opportunities, the last one—the talent factor—holds perhaps the most promise in terms of…

Advertising is the industry that won’t sit still. Over the past three decades, the industry has morphed again and again. Brands once reached people primarily through mass media like TV, print, and radio, gaining precious few consumer insights. The internet changed all that with targeted and interactive campaigns online. More recently, retail media networks (RMNs) helped retailers enter the media business. Leveraging shopper and transaction data, RMNs help brands reach prospective…

Medtech companies are at the forefront of healthcare innovation, developing life-changing devices and solutions to help clinicians diagnose diseases earlier, perform interventions more precisely, and monitor patient health more effectively. Innovations such as minimally invasive surgical robots, AI-powered diagnostic imaging, and connected diabetes management systems have transformed patient care. As the industry emerges from a period of margin compression and dampened multiples, AI, enhanced by gen AI, can play a…

Quick wins alone can’t solve long-term problems. For instance, as anyone who has tried to get healthier can attest, cutting calories can be a good first step, but making comprehensive changes in diet and exercise is most critical to achieving lasting results. The financial-services industry provides another example. Like other industries, it has experienced increased instability over the past decade. To address long-standing cost challenges, many financial-services companies have responded…

Scams, fraud, and abuse are an increasingly difficult problem for the payments industry. In this episode of Talking Banking Matters, David Excell, the founder of Featurespace, speaks with McKinsey partner and payments industry expert Grace Klopcic about how the company got its start in the gaming and sports betting world, and why it uses machine learning rather than a complex set of rules to understand consumer behavior and quickly identify…

Throughout 2024, the US dairy industry experienced numerous operational headwinds. Reduced herd sizes, inflation, and ongoing labor challenges put pressure on volume, prices, and costs across the dairy value chain, and in March 2024, avian influenza was discovered in North American cows. These challenges have evolved in 2025, and shifting international trade policies have added more unknowns.But the news hasn’t been all bad. Consumers increasingly choose dairy, driving overall volume…

Companies are now turning to building new businesses to fuel innovation and open new revenue sources. Half of CEOs surveyed in the fifth annual McKinsey Global Survey on new-venture building view the development of new businesses as one of their top three strategic priorities, and 90 percent of investors advocate for increased or maintained new-business-building investments. Furthermore, according to other McKinsey research, new ventures are expected to drive over half…