I partner to grow SaaS, MedTech, Lifesciences, and Diagnostics Companies who've concluded that what got us here won't get us there: GM with PE Board Experience; Strong in Omni-Channel Sales and Marketing.
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
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
Conscious Leader | Visionary Strategist | Board Governance and Energy Innovation Expert | Blockchain Innovator | Turnaround Leadership and Sustainable Wealth Architect
Interested in what the future may hold? This McKinsey Global Institute article is a good read!
Global Executive & Team Coach, MCC ◾ Keynote Speaker ◾ Author ◾ Former Chairman, ICF Global Board
Arenas of competition are industries that transform the business landscape. Eighteen future arenas have been identified by McKinsey that could reshape the global economy and generate $29 trillion to $48 trillion in revenues by 2040. Check out the full McKinsey report here. https://buff.ly/3YcPQPI #business #strategy #competition #mckinsey
Arenas of competition are industries that transform the business landscape. Eighteen future arenas have been identified by McKinsey that could reshape the global economy and generate $29 trillion to $48 trillion in revenues by 2040. Check out the full McKinsey report here. https://buff.ly/3YcPQPI #business #strategy #competition #mckinsey
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
Head of Business Development, Channel Development Manager | B2B | Retail, Wholesale, E-commerce | RU & CIS, MENA, EU | ex-PepsiCo
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.
Senior Partner and Global Leader of Strategy & Corporate Finance Practice at McKinsey | Expertise in Energy, Materials & Industrials
A new report I co-authored with McKinsey Global Institute colleagues. Do check it out. While it is difficult to make predictions, especially about the future, we: (1) Look back to find "arenas", industries that transformed the business landscape. They earn greater profits, spawn global giants, and offer strong opportunities for new entrants. They differ significantly from non-arenas in growth and dynamism. (2) Identify the ingredients in the "arena-creation potion": business model or tech step-changes, escalatory investments, and a large or growing addressable market, leading to intense competition. (3) Attempt to look forward and suggest 18 possible arenas of the future (as well as 8 almost-emergent arenas), and set out the various swing factors and uncertainties. Thank you to my co-authors, Chris Bradley, Michael Chui, Kevin Russell, Kweilin Ellingrud, and Suhayl Chettih, as well as the many others involved.
Senior Fellow and Peter Brown Chair in Canadian Competitiveness, Fraser Institute. Chief Economist, ICBA
McKinsey has identified 18 industries likely to "transform the business landscape" to 2040. In keeping with past practice, they have also estimated the global revenues that may be generated by these rapidly growing, innovative sectors (US$ 29-48 trillion). The industries selected for analysis share two traits: high growth, and dynamism. Value creation and profit margins are notably higher for large firms in these industries than for the typical company.
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 report titled "The Next Big Arenas of Competition" from McKinsey & Company, authored by Chris Bradley, Michael Chui, Kevin Russell, and Kweilin Ellingrud, highlights 18 emerging sectors poised to redefine the #globalbusiness landscape. These arenas are expected to generate between $29 trillion to $48 trillion in revenue by 2040. Key Insights: Definition of Arenas: The report defines "arenas" as industries that fundamentally transform #business practices and #marketdynamics. These sectors not only present opportunities for growth but also carry #risks for businesses that fail to adapt. Identification of Future Arenas: The study identifies various sectors ranging from #healthcare, #technology, and #energy to #sustainability and #mobility. Each arena presents unique competitive advantages, driven by #technologicaladvancements, demographic shifts, and evolving #consumer preferences. Economic Impact: By 2040, the projected #revenues from these arenas could significantly alter the #globaleconomy, with implications for #investmentstrategies, #regulatoryenvironments, and #corporatestrategies. Strategic Recommendations: #companies are advised to explore these arenas for strategic positioning, fostering #innovation, and building resilience against #emergingdisruptions. Emphasis is placed on the need for businesses to pivot towards these #growthsectors proactively. Implications for Policy and Leadership: The findings urge #policymakers to create conducive environments for these industries, recognizing their potential to drive economic growth and societal benefits. Conclusion The McKinsey Global Institute report, "The Next Big Arenas of Competition," offers a forward-looking perspective on the industries that will shape the #globaleconomy over the next two decades. By identifying 18 transformative sectors expected to generate substantial revenues—between $29 trillion and $48 trillion by 2040—the report underscores the critical importance for businesses and policymakers to recognize and adapt to these emerging arenas. As companies navigate an increasingly complex landscape, embracing innovation and strategic foresight will be essential for capitalizing on these opportunities. The insights presented in the report not only highlight potential revenue streams but also emphasize the need for a proactive approach to industry transformation. Ultimately, the ability to harness the potential of these arenas will be a key differentiator for organizations aiming to thrive in the #futureeconomicenvironment.
Which industries will reshape the global economy in the next 15 years? New McKinsey Global Institute research by McKinsey & Company's Chris Bradley, Michael Chui, Kevin Russell, Kweilin Ellingrud, Michael Birshan, and Suhayl Chettih identifies 18 potential future industries that could generate $29 trillion to $48 trillion in revenues by 2040. Explore the report and leave your perspectives in the comments: mck.co/arenas #FutureOfBusiness #EconomicTransformation #Innovation
