Andrei Chebanenko’s Post

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

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

In a transformative report, McKinsey Global Institute has identified 18 future arenas poised to reshape the global economy, projecting up to $48 trillion in revenue by 2040. These high-growth, dynamic industries—from AI software to modular construction and future air mobility—are set to expand their share of global GDP from 4% today to as much as 16% over the next two decades. Defined by rapid technological shifts, intense competition, and substantial market opportunities, these arenas present significant value-creation opportunities for businesses, investors, and policymakers alike. Chris Bradley Michael Chui Kweilin Ellingrud Michael Birshan Suhayl Chettih #futureofbusiness #strategy #innovation McKinsey & Company #economictrends https://lnkd.in/deDcbuFp

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.

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

🚀 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

The latest McKinsey Global Institute report reveals the 18 future arenas that could reshape the global economy between now and 2040. As traditional industries blur, the focus is moving to new competitive arenas where technology, customer experience, and sustainability intersect. The leaders who understand that competition now extends beyond their immediate market are positioning their organizations to succeed in ways we haven’t seen before. Great insights! Chris Bradley, Michael Chui, Kevin Russell, Kweilin Ellingrud, Michael Birshan, and Suhayl Chettih 

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.

🌍 The Future: 18 High-Growth Industries to Watch 🚀 One of the things I find hardest when recruiting is identifying what industries are worth focusing in. The market is constantly moving and candidates sometimes don't realize they are in a dying industry! So here is some info for you to base your next career moves on. McKinsey's latest report highlights 18 future industries poised to reshape the global economy, potentially generating $29 to $48 trillion in revenue by 2040. These "arenas of competition" are distinguished by high growth and dynamism, attracting major investments and driving innovation. Perfect spaces to make the most money 😉 Key Industries: - AI Software & Services - Cybersecurity - Future Air Mobility - Robotics - Nonmedical Biotechnology - Cloud Services - E-commerce - Electric Vehicles - Consumer Internet - Biopharma - Modular Construction - Streaming Video - Video Games - Space - Nuclear Fission Power Plants - Industrial Biotechnology - Batteries - Drugs for Obesity & Related Conditions This analysis provides valuable insights for businesses, investors, and policymakers preparing for the next wave of industry leaders. It also allows you to stay ahead of the game, know where to move next to maximize your career and grow. Source: Chris Bradley, McKinsey Global Institute. [Read more] https://lnkd.in/ehZH2yAk #Jakeittilyoumakeit #FutureTrends #BusinessGrowth #Innovation #GlobalEconomy #Investment #IndustryLeaders

📉German Automotive Sector Earnings Overview: 2024📉 Speaking with candidates and clients alike, one of the key factors always highlighted about why the freelance market has been difficult this year is the decline of Automotive. This year has been challenging for Germany’s automotive sector, as manufacturers face hurdles ranging from economic pressure to a slowdown in electric vehicle (EV) adoption. While earnings results vary, the overarching trends are shaping up as less optimistic than previously anticipated, with many manufacturers revising growth targets and adjusting to market demands. 💼 Key Takeaways 💼: 1. Market Demand & Production: Production volumes have slowed, especially in the latter half of 2024, due to rising inventories and a sluggish EV market in Europe. High prices for EVs, the reduction of consumer incentives in Germany, and a lag in infrastructure development have tempered growth projections for the year. Hybrid vehicles are gaining popularity, while EV growth lags behind expectations. 2. Earnings Adjustments: Leading automotive companies and suppliers, including ZF Friedrichshafen, have reduced their full-year earnings forecasts. For instance, ZF recently adjusted its EBIT margin target from 4.9–5.4% down to 3–4%, indicating broader pressures within the sector. Both original equipment manufacturers (OEMs) and parts suppliers are feeling the squeeze, with increased operational efficiencies being critical for sustaining profitability amid tighter market conditions. 3. Competitive Pressures: German automakers are grappling with rising competition from Chinese EV brands, especially in European markets. Some European automakers have faced stagnating sales, leading to further cost-cutting initiatives, layoffs and operational restructuring. While the recent EU tariffs on Chinese EV imports aim to level the playing field, the impact of these measures will take time to materialize fully. 4. Looking Forward to 2025: With expectations managed lower for the remainder of 2024, industry insiders are cautiously optimistic about stabilizing market conditions in 2025. Anticipated reductions in interest rates in both Europe and the U.S. may support consumer demand, and new policy interventions—such as potential EV subsidies in Germany—could provide a tailwind for the sector going forward. As Germany’s auto industry navigates these complex dynamics, all eyes are on how companies will adapt and reposition themselves in a rapidly evolving market. Operational efficiencies, policy support, and consumer preferences will play pivotal roles in shaping the industry’s trajectory over the coming year. Question is, is it too little to late? If you are looking for what industry is the most profitable, check out my previous post about "High Growth Industries to watch". #jakeittilyoumakeit #java #DACH #Germantech #Talent #THRYVE 🔗 Sources: PwC, Handelsblatt, ING