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The Latest Breaking News from McKinsey

Meet your new bartender: a teen

At least nine states in the U.S. have introduced bills to lower the alcohol service age since 2021.

Unconventional luxury brand collaborations are everywhere. What is the appeal?

In 2017, Louis Vuitton caused a stir in the luxury industry by partnering with the New York skateboarding brand Supreme.

The Conversation

12 Million US Workers May Need To Switch Jobs By 2030 Due To AI: Study

12 Million US Workers May Need To Switch Jobs By 2030 Due To AI: Study

By 2030, generative AI is projected to significantly disrupt the U.S. Workforce

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The winners and losers of the new A.I. job market, as predicted by McKinsey

Workers in customer-facing roles and low-wage positions are more likely to need to switch jobs.

Generative A.I. will upend the workforce, McKinsey says, forcing 12 million job switches and automating away 30% of hours worked in the U.S. economy by 2030

It won’t cause long-term job losses, McKinsey says—instead it will lead to a wholesale redistribution of the workforce.

Your middle managers are more valuable than you might think

Despite the recent trend to flatten organizations, middle managers remain integral at top-performing companies.

Banks have used A.I. for decades—but now it’s going to take off like never before

A new wave of AI tools is poised to turbocharge innovation in finance—look for hyper-personalized credit cards before long.

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Demand for urban real estate will be challenged for the rest of the decade. Here’s how the world’s superstar cities are projected to fare

Demand for urban real estate will be challenged for the rest of the decade. Here’s how the world’s superstar cities are projected to fare

In just nine cities, $800 billion of office space could become obsolete by 2030. The reduced demand would have major impacts on urban stakeholders.

Surprisingly, bosses are leading the resistance to the five-day office week

Surprisingly, bosses are leading the resistance to the five-day office week

This small but mighty bunch actually has the influence to protect their home office life.

These industries have the lowest office attendance rates

These industries have the lowest office attendance rates

Office attendance has stabilized at 30% below pre-pandemic levels, according to a new McKinsey Global Institute report.

What CFOs are saying about A.I. behind closed doors, according to McKinsey

What CFOs are saying about A.I. behind closed doors, according to McKinsey

Finance chiefs at some of the world's largest companies gathered to discuss what's top of mind for the second half of 2023.

Citi CEO Jane Fraser: 'We must be proactive about embracing A.I.—it's an essential part of winning in the digital era'

Citi CEO Jane Fraser: 'We must be proactive about embracing A.I.—it's an essential part of winning in the digital era'

Generative A.I. has the potential to revolutionize all functions across the banking industry, according to Fraser.

Grant funds clear runway for pollution-busting biofuels

Grant funds clear runway for pollution-busting biofuels

Reducing emissions from flights is the aim of $30 million in grant funding with a recent report calling sustainable fuel the "only viable near-term option".

Even your veteran tech employees will need 'extensive' training to use A.I.

Even your veteran tech employees will need 'extensive' training to use A.I.

Harnessing the power of A.I. in the workplace requires training employees on how to effectively use the technology.

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Maintaining a growth mindset amid a turbulent economy

Financial experts share how success can be significantly influenced by how we perceive our talents and abilities—our growth mindset—and how this applies to the role of the CFO.

The Conversation

How will AI affect workers? Tech waves of the past show how unpredictable the path can be

The explosion of interest in artificial intelligence has drawn attention not only to the astonishing capacity of algorithms to mimic humans but to the reality that these algorithms could displace many humans in their jobs. The economic and societal consequences could be nothing short of dramatic.

How can CFOs have a 'growth mindset' during uncertain times? Finance chiefs at Adobe, e.l.f. Beauty, TD Bank and a McKinsey expert explain

"Not being afraid to take risks is a big part of a growth mindset," Mandy Fields, SVP and CFO at e.l.f. Beauty said.

Why you should advertise turnover to attract talent

A recent study finds applicants respond positively to employers that advertise short-term gains in job postings.

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Robotaxis will lead to drop in use of private cars

Privately owned vehicles will make up a smaller and smaller share of global transportation as autonomous vehicles become more feasible and cities fight overcrowding, according to new research.

Should Investors Bet on Accenture’s $3 Billion AI Gamble?

Consulting firm Accenture is spending $3 billion over the next three years integrating artificial intelligence into its business. It’s a gamble that’s likely to pay off for its shareholders.

On Soft Ambition

Maybe you’re over hustle culture. Maybe you’re done never saying no. Okay, but first: Can we tell you about a side of the buzzy character trait that no one is talking about?

Indonesia has strode ahead in digital banking: how can Thailand do the same?

Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by…

Hell’s consultants | Are consultancy firms more a liability than an asset?

Amidst massive lay-offs by the consultancy industry, Amazon Prime Video’s show is timely

3 resources for CEOs unsure where to start with ChatGPT

The technology promises to be as revolutionary as the PC—but is daunting at first.

The Guardian - US

Oat milk is everywhere. Why is it still so expensive?

Plant-based milk has seen a surge in popularity in the past decade. But the high prices are driving some back to dairy

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