Power shifts: Altering the dynamics of the E&M industry. For the personal luxury goods industry (luxury fashion, luxury accessories, luxury watches, fine jewellery and high-end beauty), we estimate a global revenue contraction of 35 to 39 percent in 2020 year-on-year, but positive growth of 1 to 4 percent in 2021. The Global Media Report is just one of many tools that McKinsey's Global Media & Entertainment Practice has developed to help leading media companies better navigate the industry. About the research. By 2021, pay TV will generate $299bn and exhibit 3% growth, with video games up 12% to. Finally, we simulate what value might be at stake for China and the rest of . Letzten Oktober, als McKinseys Global Payments Report 2020 veröffentlicht wurde, war bereits klar, dass die wirtschaftlichen Folgen der Pandemie die Erlöse aus dem Zahlungsverkehr erstmals seit elf Jahren sinken lassen würden. UN Global Pulse (UNGP), along with the rest of the world found itself in an entirely predictable (and predicted) context. In this report, we look at the extent of China's global scale and integration, and highlight the findings of the new McKinsey Global Institute China-World Exposure Index. Social media engages more internet users in Indonesia than broadcast TV does. FINAL_PE REPORT TOC - Infogram. Over the last decade, Deloitte Global has kept a pulse on the attitudes of millennials and the key events and trends affecting them. The research is a snapshot of some surprising shifts in consumer behavior that highlights the importance of adaptability and versatility. The stakes are high, according to Risk, resilience, and rebalancing in global value chains, a new report from the McKinsey Global Institute (MGI). The Fourth Industrial Revolution can create opportunities through automation, digitisation, online platforms, and the rise of entrepreneurship.. McKinsey report findings released at GWFD 2020 says 4IR is key to opportunities for women in MENA. And the 10 most valuable sports generated a combined $41.3bn from media rights in 2020, down from $46.8bn in 2019. McKinsey & Company 2 COVID-19 is first and foremost a . Today, I am sharing Microsoft's 2020 Diversity and Inclusion report, which comes at a time marked by the ongoing COVID-19 pandemic, amplified acts of racial injustice, and the reality of global uncertainty. McKinsey & Company | Mark Staples | Dec 9, 2020. Digital 2020: Global Digital Overview. As in 2019, over 93% of internet users ages 16 to 64 polled in Indonesia visited social networks in the prior month, according to GlobalWebIndex. Zurich 05 Mar 2021, 06:45 CET Media Global Media Switzerland Media Releases EMEA Media Releases Americas Media Releases APAC Investor Releases Price Sensitive Information Zurich/Basel, 5 March 2021 - The Annual Report 2020 provides comprehensive and detailed information on the firm, its strategy, business, governance and compensation, financial performance and risk, treasury and capital . Meanwhile, household costs are rising, and the. The year 2020 has been defined by dramatic change. It aims to shed light on the pandemic-related disruptions in 2020, contextualized within a longer history of economic cycles and the expected outlook for technology adoption, jobs and skills in the next five years. November 17, 2020 | Survey. There were 400.0 million social media users in India in January 2020. McKinsey & Company Revenue $10.6B Industry Business Services & Supplies Founded 1926 Country/Territory United States CEO Kevin Sneader Employees 30,000 Fiscal Year End Dec 30, 2020 Sales $10.6B. APAC continued, nevertheless, to make up the lion's share with China single-handedly generating US$690 billion in payments revenue. By Olya Linde, Ari Epstein, Sophia Kravchenko, and Karen Rentmeesters. The 3.8% decline in global E&M revenue, from US$2.1tn in 2019 to US$2.0tn in 2020, represents the most significant year-on-year drop in the history of the Global Entertainment & Media Outlook. The fourth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts slowing growth for the second year in a row and underscores a prevailing mood of anxiety and concern amongst senior fashion executives. Like all things Bain, it is very readable and useful. The Deloitte Global Millennial Survey: Decade in Review. "In line with our firm's values and confidentiality policy, we . McKinsey & Co. surveyed over 3,500 shoppers in the United States, the United Kingdom, China, Germany, and France for its 2020 Holiday Season report. For example, while all Lighthouses have successfully transformed at the site level, 14 organizations have extended their Fourth . These impacts on the environment and . Millions have lost their jobs, with women-dominated industries disproportionately more affected. China surpassed United States in wealth acquisition during the period 2000 to 2020, states a recent report by the global consulting firm McKinsey & Co. Increasingly, that value is coming in the form of revenues. KPMG fintech professionals include partners and staff in over 50 fintech hubs around the world, working closely with financial institutions and fintech companies to help them understand the . This report highlights key insights from the community. Subscribe to the Outlook — See pricing options. We examine the exposure of sectors and countries to the China-world relationship, with particular emphasis on the technology and consumer sectors. We operate in 154 countries and have over 200,000 professionals working in member firms around the world. Here are four key findings from Bain & Company's Global Private Equity Report 2020 and McKinsey & Company's Global Private Markets Review 2020. Only then can an enterprise claim to have scalable smart application capabilities. Global Private Equity Report 2021. Millennials are resilient and values-driven. Traditional media will not share this growth generally but will see pockets of performance and resilience. We suggest that regulators keep an open mind and embrace the changes that data and technologies . The 2021 McKinsey Global Payments Report. "A rise in both consumer interest and purchasing power presents tremendous opportunities for companies, particularly as spending on personal wellness rebounds after stagnating or even declining during the COVID-19 crisis," McKinsey wrote in the study. Logically, given the steep reduction of in-person purchases, cash transactions and ATM usage declined—the latter after an initial wave of withdrawals by anxious consumers. For the first time in a decade, the S&P 500 delivered higher returns than private equity, according to Bain, which worked with Professor Josh Lerner of Harvard Business School and State Street Global . The overall market . McKinsey & Company. A step change is needed from . November 17, 2020 | Survey About the research The results of this year's McKinsey Global Survey on artificial intelligence (AI) suggest that organizations are using AI as a tool for generating value. In this report, we look at the extent of China's global scale and integration, and highlight the findings of the new McKinsey Global Institute China-World Exposure Index. On average, digital offerings have leapfrogged seven years of progress in a matter of months. MGI analyzed 23 industry value chains to assess . Bain & Co published their Global 2020 Private Equity Report here in February 2020. The unprecedented decline of 2020 will likely be followed by an impressive bounce-back in 2021 and beyond. Download the full report to explore the 10 themes which will define the global fashion industry in 2020. The Future of Jobs report maps the jobs and skills of the future, tracking the pace of change. Based on a worldwide survey of lighting professionals and consumers, as well as other input factors, McKinsey has developed a lighting market model that estimates the size of the global lighting market through to 2020, differentiated by application, geography, and light-source technology. McKinsey Global Institute's model expects about 70% of companies will adopt at least one form of AI by 2030. PEOPLE. From skill trends among top-performing countries to insights about enrolled learners in the . NEW YORK and LONDON, Nov. 5, 2020 /PRNewswire/ -- New research conducted by Periscope® by McKinsey, which helps companies achieve sustainable revenue growth, reveals how the 2020 holiday shopping . Every day, in our offices through 2019, on a country-by-country basis, for 12 major media categories and numerous sub-categories. The World Economic Forum, in collaboration with McKinsey & Company, recognizes these factories as part of its Global Lighthouse Network of 44 sites showing leadership in the Fourth Industrial Revolution. Brilliant Under Pressure: The Global Diamond Industry 2020-21. Our tenth annual report looks at performance in 2019, reviews the effects of the Covid-19 pandemic in 2020, and updates our long-term outlook for the diamond industry through 2030. The 2020 report is the third installment in McKinsey's series of research that has been aimed at examining the business case for diversity in executive positions. Through the years, we have consistently identified several key themes. The 2020 McKinsey Global Payments Report 6 e-commerce and POS transactions. Increasingly, that value is coming in the form of revenues. Report highlights include: In 2020, we provided $150 million in cash and in-kind support as part of the firm's broader goal to provide $2 billion toward social responsibility efforts by 2030. According to a McKinsey & Company study, businesses have surprised themselves with the speed and success of their digital initiatives in response to Covid-19. Read the report Report (144 pages) MCKINSEY GLOBAL INSTITUTE Beyond income: Redrawing Asia's consumer map September 7, 2021 - Asia's consumer markets are not only growing rapidly but diversifying and segmenting. It added that China accounted for 50 per cent. This year's report focuses on three core areas in addition to the data: the ways that diversity and inclusion is integrated into our employee pandemic response, our commitments to . The 2020 report is the third installment in McKinsey's series of research that has been aimed at examining the business case for diversity in executive positions. Common challenges are holding back 14 investment in adult reskilling 3. Strategizing . Global Entertainment & Media Outlook 2021-2025 Five-year projections of consumer and advertiser spending data across 14 segments and 53 territories Copy link. Key takeaways from McKinsey's 2020 holiday shopping report More than 60% of global consumers have changed their shopping behaviour this year and consumer disloyalty is rising, according to a report by McKinsey & Co. by Adina-Laura Achim To continue reading this article you need to be registered with Campaign. The revenue of the global building automation market is anticipated to reach 273 billion U.S. dollars by 2023, according to McKinsey. McKinsey recently released the latest iteration of its Global Fashion Index. As a result, the global value of sports media rights - $44.6bn in 2020 - has fallen by just over 12 per cent from 2019. • Application of smart technologies produces new challenges for regulators. As the COVID-19 pandemic rolls on, banks must prepare for a long winter. Such an ethos reflects McKinsey's global strategy. The number of social media users in India increased by 130 million (+48%) between April 2019 and January 2020. This update to the State of Fashion 2020 report by The Business of Fashion and McKinsey & Company forecasts consolidation, innovation and bankruptcies in the wake of this once-in-a-lifetime humanitarian and financial crisis. The Global Skills Report sheds light on these new pathways by providing insights into which skills individuals need to compete for jobs in rapidly changing industries analyzed in the World Economic Forum's The Future of Jobs Report 2020. Our new Digital 2020 reports - published in partnership with We Are Social and Hootsuite - show that digital, mobile, and social media have become an indispensable part of everyday life for people all over the world. Data are provided on a country-by-country basis for 12 major media categories and numerous sub-categories. Together, we can help you imagine, deliver, and run your business using the latest technologies, from strategy through implementation. Basically, they find good value, do the work, find ready . Global Strategy Advisory Market Report 2020-2030 Featuring A.T. Kearney, Accenture, Deloitte, Bain & Co, Ernst & Young, KPMG, McKinsey & Company and The Boston Consulting Group . KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. Get report . As more global regions emerge from lockdown and see increasing rates of vaccination, a forecast year-on-year . Global Digital Wealth Management Report 2019-2020 3 to build a data-driven infrastructure to match the right talent with the right culture. At the macro level, in other words, growth will regress to its mean. The State of Fashion 2020 CONTRIBUTORS ACHIM BERG Based in Frankfurt, Achim Berg leads McKinsey's Global Apparel, Fashion & Luxury group and is active in all relevant sectors including clothing, textiles, footwear, athletic wear, beauty, accessories and retailers spanning from the value end to luxury. Due to the . McKinsey conducted the research . In 2020, two game-changing shifts affected the US sports industry: the COVID-19 pandemic and the social justice movement. We are pleased to present McKinsey & Company's Global Media Report 2016. , Nov 23, 2020. Starting with the main point, PE firms outperformed public equities across regions, and most time frames. New report from McKinsey Global Institute: AI to spur economic growth. The global consulting market reached a value of 160 billion U.S. dollars. February 08, 2021. In its February 2020 letter to Open Secrets, McKinsey also challenged the issue of a document prepared by McKinsey which had been used by Saudi . Report And if you think Store-Level Inventory Accuracy is important, you'll be pleased. Social media penetration in India stood at 29% in January 2020. Three changes in perspective are key to understanding new consumption paths in the region. The average time spent with social media was 3 hours, 19 minutes (3:19) per day. They strongly believe business must have . Download the full report to explore the 10 themes which will define the global fashion industry in 2020. Its wealth. The McKinsey report also says that biology could ultimately produce 60% of the physical inputs to the global economy, and solve 45% of the world's disease. McKinsey & Company released findings from its latest report - Middle East Women at Work - at Global Women's Forum Dubai 2020, which highlighted the importance of advancing gender parity in the Fourth Industrial Revolution. The Technology, Media & Telecoms Consulting Market in 2020. Get in touch with us now. Download the PDF. Overall, McKinsey estimates the global wellness market at more than $1.5 trillion, with annual growth of 5 percent to 10 percent. These figures were among the highest . It was a year of asymmetries and competing logics. McKinsey's deputy head of Global Media Relations, Graham Ackerman, said the company was unable to provide any further details. Though TVOD had a strong year of growth, SVOD is around 3.4 times the size, a ratio that will be maintained out to 2025. A record 69 percent of companies were value destroyers in 2020, according to the latest reading of the McKinsey Global Fashion Index (MGFI), compared with 61 percent in 2019 and just 28 percent in 2011. Executive Summary. China accounted for almost one-third of the increase. Get in touch with us now. CBI/Pearson education and skills annual report October 2020 People and Skills Learning for life Funding a world-class adult education system . Global payments revenue, $ trillion, Source: 2021 McKinsey Global Payments Report, Oct 2021 Global payments revenue took a hit in 2020, sliding 5% from US$2 trillion in 2019 to US$1.9 trillion in 2020. According to US sports leader Pete Giorgio, sports organizations can position themselves to thrive in 2021 and beyond by addressing key opportunities, from fan engagement to advanced technology to the role of sports in society. A slew of promising innovations could change that. We examine the exposure of sectors and countries to the China-world relationship, with particular emphasis on the technology and consumer sectors. Technology, Media & Telecommunications Insights | McKinsey & Company Our Insights Article Unlocking the value of 5G in the B2C marketplace November 5, 2021 - Telcos are confident they can monetize 5G core in the B2B arena, but the value proposition for consumers is less clear. Looking ahead to 2022, in aggregate, McKinsey Fashion Scenarios suggest global fashion sales will reach 96 to 101 percent of 2019 levels in 2021 and 103 to 108 percent in 2022. Contents Executive summary 4 Chapters 1. The industry powered through a year like no other, but a number of headwinds will make for a uniquely challenging recovery. This report provides annual historical data from 2010 through 2015 and forecasted data from 2016 through 2020. Ein Jahr später ist das Bild zumindest an der Zahlungsfront trotz einiger . The year 2020 was many things. Now in its 22nd year, PwC's Outlook turns its focus this year to the power shifts taking place in entertainment and media, as . There were 1.06 billion mobile connections in India in January 2020. Besides reports on its key events and standalone publications such as the Global Competitiveness Report, the Global Risks Report and the Global Gender Gap Report, the Forum . In the US alone, 39 to 73 million jobs may be eliminated by 2030, but about 20 million of those displaced workers may be able to easily transfer to other industries, according to the McKinsey. Getting reskilling right is vital to increase 8 living standards and level-up opportunity across the country 2. Published by Statista Research Department , Jan 11, 2022. US stock markets outperform PE for first time . The coronavirus pandemic has already disrupted global financial markets and the fashion industry to an unprecedented extent. The World Economic Forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. But victory over the novel coronavirus still lies some nine to 12 months in the future. Find out more in the report. On a micro level, dramatic peaks and valleys will be evident. More than 4.5 billion people are using the internet at the start of 2020, while social . Innovation, transformation, and leadership occur in many ways. According to McKinsey, global payment revenues after the coronavirus outbreak were expected to decrease by ten percent and amount to 1.86 trillion U.S . Any use of this material without specific permission of McKinsey & Company is strictly prohibited July 7, 2020 Discussion document A global view of how consumer behavior is changing amid COVID-19 Nidhi Arora, Tamara Charm, Anne Grimmelt, Mianne Ortega, Kelsey Robinson, Christina Sexauer, Yvonne Staack, Scott Whitehead, Naomi Yamakawa. Offices, rather than being spaces for work, for creativity, and togetherness, became spaces of threat, of risk. Save for later; Explore content. And it has left some scars. Underpinned by our global data model, extensive client research, and interviews with senior consultants, this report package provides an in-depth exploration of the global technology, media & telecoms consulting market post COVID, allowing you to understand the factors influencing . KPMG fintech professionals include partners and staff in over 50 fintech hubs around the world, working closely with financial institutions and fintech companies to help them understand the . The results of this year's McKinsey Global Survey on artificial intelligence (AI) suggest that organizations are using AI as a tool for generating value. Net worth worldwide rose to US$514 trillion (S$695 trillion) in 2020 from US$156 trillion in 2000, according to the study. DUBAI, United Arab Emirates, August 12, 2021--How to help our Youth beat the odds - New McKinsey report highlights 7 game changers to create a bright future for the next generation LONDON, Oct. 28, 2020 (GLOBE NEWSWIRE) -- According to The Business Research Company's research in the ethical fashion market report, there is an increasing awareness regarding the adverse effects. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. We operate in 154 countries and have over 200,000 professionals working in member firms around the world. McKinsey conducted the research for this report before the global pandemic of Covid-19 transformed the world of work as we know it. Mobile connections in India. Earlier this year, the global strategy consulting giant surveyed around 900 C-suite . AI in 2022 will face intensifying regulatory scrutiny, with implications that resonate across industries. In its periodic study of over 350 . Discussion Paper (88 pages) About 7 percent of companies left the market entirely, either due to financial distress or because they were bought by rivals. Total global entertainment and media (E&M) revenue fell -3.8% year on year in 2020, by far the most significant drop in revenue — US$81.0bn, or more than the value of 2020's entire music, radio and podcasts segment — in the history of the Global Entertainment and Media Outlook. Here's my tear down of the first 30 pages of the report: Buyout firms have outperformed. North America United States Canada EMEA Between 2019 and 2024, the E&M industry will grow at a 2.8% CAGR, roughly equivalent to the long-term trend. McKinsey expects global payments revenues to end 2020 down 7% compared to 2019. Size of the consulting market worldwide 2011-2020. In the meantime, second and third waves of infection have arrived in many countries, and as . In developing countries, where wages are lower, the benefits of substituting labour with technology yield a smaller economic benefit. McKinsey colleagues devoted over 220,000 hours last year, supporting 600 nonprofits around the world through pro bono engagements and board service. A small contingent of respondents coming from a variety of industries attribute 20 . The Future of Jobs Report 2020. The fourth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts slowing growth for the second year in a row and underscores a prevailing mood of anxiety and concern amongst senior fashion executives. Overall, across the five-year forecast period, the OTT market growth will cool significantly, increasing at a 6.9% CAGR to reach US$31.9bn in 2025, a US$9.1bn increase from a total of US$22.8bn in 2020. Ten months into the COVID-19 crisis, hopes are growing for vaccines and new therapeutics. As a global fashion industry and retail . Finally, we simulate what value might be at stake for China and the rest of . , May 26, 2021.