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.
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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 next big arenas of competition
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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
The next big arenas of competition
mckinsey.com
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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
The next big arenas of competition
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This article highlights the transformative power of emerging industries in the global economy. The need for innovation, investment, and skill reevaluation is clear. Embracing these changes is essential for sustainable growth and competitiveness. Exciting times ahead! #innovation #Economicgrowth #investmentstrategy #futurearenas
The next big arenas of competition
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🌍 Emerging arenas are set to revolutionize the global economy. **18 future arenas** could generate $29 trillion to $48 trillion in revenues by 2040. Dive into the insights here: https://mck.co/48h3dTJ #FutureOfBusiness #EconomicTransformation #Innovation
The next big arenas of competition
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The McKinsey Global Institute's report identifies 18 key arenas that are expected to significantly shape the global economy by 2040. These arenas represent industries characterised by technological advancements, evolving business models, and substantial market opportunities. A competitive arena is defined by three main ingredients: significant business model or technological changes, escalatory investments, and a large or growing addressable market. These factors create fertile ground for innovation and competition. Among the identified arenas are sectors like electric vehicles, semiconductors, modular construction, batteries, biotechnology, e-commerce, and artificial intelligence. Each of these areas presents unique challenges and opportunities for businesses. Companies that strategically position themselves within these arenas are likely to gain a competitive edge. For businesses and policymakers, understanding these emerging arenas is crucial for making informed decisions about investments, regulatory frameworks, and innovation strategies. McKinsey's report serves as a roadmap for understanding the future landscape of competition, highlighting the importance of innovation and strategic investment in key industries that will define the global economy in the coming decades. https://lnkd.in/dgX4dCcd
The next big arenas of competition
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The identification of 18 future arenas poised for significant economic impact underscores a transformative shift in global markets. These sectors, characterized by high growth and dynamism, highlight the importance of technological advancements and innovative business models in driving competition. The projected revenue potential of $29 to $48 trillion by 2040 reflects not just economic opportunity but also the need for strategic foresight among businesses and policymakers. As industries evolve, understanding the interplay of investment, market dynamics, and technological change will be crucial for stakeholders aiming to thrive in these emerging landscapes.
The next big arenas of competition
mckinsey.com
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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. https://mck.co/4fbE2E4
The next big arenas of competition
mckinsey.com
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The identification of 18 future arenas highlights industry evolution. - High growth and significant market fluctuations - Unique opportunities for innovation and investment - Importance of understanding technological advancements, market demand, and competitive strategies - Necessity to reevaluate workforce skills and policy frameworks - Adapting to shift from traditional sectors to emerging arenas - Key to sustainable growth Embracing these changes is crucial for thriving in a competitive global market. #innovation #Economicgrowth #investmentstrategy #futurearenas #businessstrategy
The next big arenas of competition
mckinsey.com
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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.
The next big arenas of competition
mckinsey.com
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