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18 category of industries #McKinsey describes it as: The #future_arenas that transform the #global_business landscape. And could reshape the #global_economy to generate up to $48 trillion in #revenues by 2040. 🔶 A Report by McKinsey Global Institute, titled “ The next big arenas of competition “, October 23, 2024. #growth , #resilience , #strategy , #research , #development , #innovation , #competitiveness #Summerized

The next big arenas of competition. Arenas are industries that transform the business landscape. Eighteen future arenas could reshape the global economy and generate $29 trillion to $48 trillion in revenues by 2040. In this insightful and highly expert article, Chris Bradley, Michael Chui, Kevin Russell, Kweilin Ellingrud, Michael Birshan and Suhayl Chettih of McKinsey & Company describe the strategy behind global companies that are reshaping the global economy.

I have just listened to the McKinsey report on the future competitive landscape. Thanks to the McKinsey team for the valuable insights! Here's what stood out to me about e-commerce: 1) E-commerce could be one of the leading areas in the future: As digital technologies evolve and new product categories emerge, e-commerce is well positioned to drive the global economy. 2) In developed markets, e-commerce already accounts for about 20% of retail sales: In regions such as North America, Asia-Pacific, and Europe, about 20% of retail sales are made online, with room for even more growth. 3) Enormous growth potential in emerging markets: In places like Latin America, Africa, and the Middle East, e-commerce represents a smaller share of retail sales, but the growth of smartphones and Internet access creates great expansion opportunities. I believe that the same will happen in Moldova, and the MD market needs to change.

CORTMA highlights the key competitive arenas identified in McKinsey & Company's report.   https://lnkd.in/dfKzgTBQ These arenas represent industries that are poised to change the business landscape. According to the report, eighteen (18) emerging arenas could reshape the global economy, potentially generating between $29 trillion and $48 trillion in revenue by 2040. Explore the report for more details_ ______ Stay ahead by embracing our innovative ideas and aligning with our strategic thought process, ensuring you make the most intelligent business decisions. At a glance:   At Mactur, we provide advisory services on corporate turnarounds (operationalising restructurings and enterprise-wide transformations). At CORTMA, we apply an entrepreneurial ecosystem-based approach to facilitate the lower mid-market (MSME) business transfer. Thank you for choosing my content curation. I hope you find it insightful and enjoyable. ______ #Management #Entrepreneurship #Leadership #Economy #Technology #Ecosystems #Directorship #BusinessContinuity #Businessnetworking #EU #BusinessTransformation #Investing #Data #Competition

McKinsey's new report highlights 18 industries they think will have the fastest growth rate. Should you care? They call them arenas. Arenas are industries with "high growth and high dynamism. Due to their growth, they capture an outsize share of the economy’s overall expansion; in terms of dynamism, market share within them changes hands to an outsize degree." So who are you? You are a leader at a company that has a history of success in a given market and has earned that history through a better product, better execution and better strategy. "But Jared, knowing the 18 arenas of the future early will allow me to pivot my business. A rising tide lifts all boats." That adage is only true in some industries. In other, a rising tide lifts one boat because of their ability to accrue monopoly power through IP protections, predatory pricing or regulatory advantage. The real opportunity isn't chasing high-growth arenas - it's understanding how your company's core capabilities can create value in a world of changing markets. This is where Strategic Renewal comes in. Rather than pivoting into hot new sectors, it helps established companies identify their fundamental capabilities and find new ways to apply them. Think of retailers who offer white label logistics. They realized their true capability, which opened up new growth opportunities in e-commerce while leveraging their existing strengths. The best companies don't chase trends. They use Strategic Renewal to: 1. Reframe their understanding of their capabilities and markets 2. Renew their strategy to capture emerging opportunities  3. Restart how they communicate their value to the world So should you care about McKinsey's arenas? Yes, but not to pivot - use them to understand how your core capabilities might create value in evolving markets. That's how established companies turn change into sustainable growth. #strategy #leadership #change #growth https://lnkd.in/gs6vTFbD

🚀 A $48 Trillion Business Opportunity You Can't Ignore Just finished a deep dive into McKinsey's latest research on emerging business arenas, and it's a game-changer. Here's what you need to know: 18 new business arenas are emerging that will generate between $29T-$48T by 2040. The biggest opportunities: • AI Software/Services: $4.6T • E-commerce: $20T • Cloud Services: $3.4T • Digital Ads: $2.9T • Space Tech: $1.6T But here's what makes this truly fascinating... These aren't just "growing industries." They're complete business transformations that share three critical elements: 1. Technology/business model breakthrough 2. Escalating investment cycles 3. Large addressable markets When you see all three, pay attention. That's where the next decade of wealth creation will happen. The key insight? Early movers in these arenas capture an average of 33% market share. And the top players end up controlling 75%+ of the value. Translation: The window for positioning yourself is now. Your action plan: • Map these arenas to your industry • Identify intersection points • Build strategic partnerships • Invest in capability building • Focus on scalable solutions The next 15 years will create more business value than the last 50 combined. The only question is: Will you be positioned to capture it? Thoughts on this transformation? Drop them below. 👇 #BusinessStrategy #Innovation #FutureOfBusiness #Leadership https://lnkd.in/gD2pGdaY

Arenas are industries that transform the business landscape. In this study from McKinsey Global Institute we have identified 18 future arenas that could reshape the global economy and generate $29 trillion to $48 trillion in revenues by 2040.

18 industries have the potential to transform the business landscape and the world—the next big arenas of competition ️🏟️ ⏩ Swipe to explore key findings from the McKinsey Global Institute’s new report. Dive deeper: mck.co/arenas #NeverJustTech

Interested in what the future may hold? This McKinsey Global Institute article is a good read!

As we near the start of 2025, check out this McKinsey report to best position yourself for the future. Identify potential new business opportunities, stay ahead of market trends, develop innovative products and services, adapt to changing consumer needs, and even potentially create a new career path with significant growth potential! "Understanding potential arenas is relevant for entrepreneurs and incumbent companies that want to compete directly in arenas, other companies that would be affected by the emergence of arenas, as well as investors looking to allocate capital to these industries, along with people seeking jobs in the winning industries of the coming decades, and policy makers interested in how and where these industries affect their nations."