The true cost of methane abatement: A crucial step in oil and gas decarbonization

  • Post category:McKinsey & Company
  • Reading time:11 mins read

Methane emission abatement and flaring reductions are central to global decarbonization, especially for the upstream oil and gas (O&G) sector. Upstream O&G accounts for roughly 7 percent of total global greenhouse gas (GHG) emissions, and half of that comes from methane.Since 2021, when many O&G players committed to the Global…

Digital twins: The key to unlocking end-to-end supply chain growth

  • Post category:McKinsey & Company
  • Reading time:17 mins read

The post-COVID-19 era has created lasting fissures in the supply chain. Amid increasing globalization, rising customer expectations, and double-digit shipping growth, supply chain organizations—not just manufacturers and suppliers but also the warehouses and transporters they rely on—are under duress. They grapple with issues related to operational efficiency, demand forecasting, inventory…

How AI enables new possibilities in chemicals

  • Post category:McKinsey & Company
  • Reading time:23 mins read

It has been nearly two years since the launch of ChatGPT and other generative AI (gen AI) tools that revolutionized the way AI is perceived and consumed by industries, businesses, and other users. In that time, McKinsey experts estimate the capabilities unlocked by gen AI have helped accelerate levels of…

What works—and doesn’t—in performance management

  • Post category:McKinsey & Company
  • Reading time:17 mins read

Much has been written on performance management. Why do so many employees still find it bureaucratic and unfair? On this episode of McKinsey Talks Talent, talent experts Bryan Hancock and Brooke Weddle speak with global editorial director Lucia Rahilly about new research on what drives performance: what motivates employees most, what matters…

Global Insurance Report 2025: The pursuit of growth

  • Post category:McKinsey & Company
  • Reading time:4 mins read

For an industry focused on mitigating risk and providing protection, the world’s insurers are enduring a particularly volatile age. The macroeconomic picture is mixed, with inflation stubbornly high and interest rates uncertain. Consumer confidence remains shaky, even though the economic growth cycle appears to have bottomed out. Geopolitical instability remains…

Global Insurance Report 2025: Searching for profitable growth in commercial lines

  • Post category:McKinsey & Company
  • Reading time:5 mins read

This article is an in-depth analysis of commercial property and casualty insurers, one of three sections in the Global Insurance Report 2025.In an industry that revolves around reducing uncertainty for customers, commercial property and casualty (P&C) insurers are themselves confronting macroeconomic uncertainty across multiple fronts. Inflation has remained stickier than…

Global Insurance Report 2025: Finding profitable personal lines growth

  • Post category:McKinsey & Company
  • Reading time:5 mins read

This article is an in-depth analysis of personal property and casualty insurers, one of three sections in the Global Insurance Report 2025.The personal lines property and casualty (P&C) industry writes about a quarter of the world’s insurance premiums. It protects people and their loved ones wherever they are, every day.…

What is biodiversity?

  • Post category:McKinsey & Company
  • Reading time:12 mins read

A male Eastern Bluebird perched on top of a mossy branch and set against a light blue background. Biodiversity refers to the full variety of life on Earth, from bacteria and plants to animals and entire ecosystems, such as mangrove forests or coral reefs. A wide range of flourishing flora…

Delivering the strategy: The COO agenda

  • Post category:McKinsey & Company
  • Reading time:25 mins read

We’ve all heard someone say that something is “on” or “part of” the COO agenda. But all too often, what that means is unclear. Indeed, in a recent roundtable discussion, few COOs said that they had taken the time to think through and define their agenda. Part of the reason…

Harnessing AI to reshape consumer experiences in healthcare

  • Post category:McKinsey & Company
  • Reading time:10 mins read

In the rapidly evolving healthcare landscape, AI has the potential to reshape how consumers engage with medical services. Today, consumers in the United States can struggle with everything from finding the right insurance coverage to understanding when they should see a doctor, what it will cost, and how to manage…

China Brief: China Consumption – Momentum Amid Uncertainty

  • Post category:McKinsey & Company
  • Reading time:6 mins read

Since my last China Brief, consumption has gained momentum, particularly with the unveiling of a series of economic stimulus measures since September 24. The highly anticipated annual Double 11 Shopping Festival, which ended on November 11, well exceeded industry expectations, further fueling excitement among industry executives around the pickup in…

Robert Chatwani on product-led sales, a new growth frontier

  • Post category:McKinsey & Company
  • Reading time:17 mins read

In this episode of McKinsey on Building Products, a podcast dedicated to the exploration of software product management and engineering, McKinsey partner Rikki Singh speaks with Robert Chatwani, president of growth at Docusign. Chatwani’s decades-long career has focused on the marriage of the marketing and growth functions to create more-compelling…

Is your organization healthy? Find out with this quiz

  • Post category:McKinsey & Company
  • Reading time:5 mins read

Organizational health is crucial to long-term performance, yet it is a moving target. For more than 20 years, McKinsey’s Organizational Health Index (OHI) has examined the practices and outcomes that lead to better health (exhibit). Through extensive research that yielded our latest OHI insights, we identified emerging and evolving trends…

The cybersecurity provider’s next opportunity: Making AI safer

  • Post category:McKinsey & Company
  • Reading time:17 mins read

The rapid advancement of AI and generative AI (gen AI) is fundamentally transforming the cybersecurity landscape, presenting both opportunities and challenges for cybersecurity providers. As more organizations in both the private and public sectors use AI to enhance their operations, they risk inadvertently introducing new cyber-related threats. This is creating…

What are AI guardrails?

  • Post category:McKinsey & Company
  • Reading time:12 mins read

A pair of red and white concrete road barriers aligned on a street against a light blue background. You know about guardrails on the highway: barriers along the edge of the road that protect vehicles from veering off course and into danger. With the advent of generative AI (gen AI),…

Adding a powerful new tool to the field mechanic’s toolbelt: AI

  • Post category:McKinsey & Company
  • Reading time:7 mins read

On this page: Opportunity | Solution | Impact 0Kdocumentseasily searchable in database$0K+per hourestimated saved via recouped downtime0%improvement inapprox. 1st-time resolution rates The Opportunity Enhancing field service support with generative AI Ascendum is a Portugal-based global provider of machinery and equipment for the construction, infrastructure, haulage, and agriculture sectors. The company…

Steering Indian insurance from growth to value in the upcoming ‘techade’

  • Post category:McKinsey & Company
  • Reading time:8 mins read

As India embraces digital transformation, inclusion, and a new role as a tech leader exemplified by a decade of technology transformation, or “techade,” new opportunities open up for the insurance sector and the wider financial services industry. With strong valuations and a significant growth trajectory, India’s insurance industry is poised…

Elevating the risk function in insurance: Building a strategic advantage

  • Post category:McKinsey & Company
  • Reading time:9 mins read

Today, banks use risk management to help drive strategic development for growth. This is a comprehensive approach to risk that insurers should aspire to emulate, especially as new risks are emerging more quickly and creating new challenges. According to a 2023–24 benchmarking survey from McKinsey, leading European insurers should look…

Active portfolio management: Five practical insights for value creation

  • Post category:McKinsey & Company
  • Reading time:10 mins read

Active portfolio management should always be “Plan A.” Corporations that consistently refresh their business mix outperform their peers in TSR by 3.5 percent over the long term, honing their portfolios to develop, acquire, and divest businesses to realize their enterprise strategy. The goal, after all, is not growth for growth’s…

Drawing a BEAD: US states ramp up plans to expand broadband access

  • Post category:McKinsey & Company
  • Reading time:7 mins read

Decades after the internet’s debut, millions of Americans still lack access to high-speed broadband service. The Broadband Equity, Access, and Deployment Program (BEAD), part of the US government’s 2021 Infrastructure Investment and Jobs Act, provides $42.45 billion in federal funding to expand high-speed internet service across the country. By the…

The State of Fashion 2025: Challenges at every turn

  • Post category:McKinsey & Company
  • Reading time:6 mins read

Although hard to predict, even in the best of times, the fashion industry is in for a particularly tumultuous and uncertain 2025. A long-feared cyclical slowdown has arrived. Consumers, affected by the recent period of high inflation, are increasingly price sensitive. There is also the surprising rise of dupes, the…

Managing risk in renewable-energy portfolios: The role of flexible assets

  • Post category:McKinsey & Company
  • Reading time:14 mins read

Renewable energy is booming. Power generation from renewable sources, such as solar and wind, is projected to grow from its current share of about 25 percent of total US generation, to about 45 percent, by 2030. Although this new renewable capacity will help meet net-zero climate policy goals, it’s also…

Unlocking value from power and natural gas trading in North America

  • Post category:McKinsey & Company
  • Reading time:20 mins read

Power and gas trading is undergoing a transformation. The global trading value pool for these commodities is growing by leaps and bounds. It hit nearly $33 billion in 2023, up 50 percent from the year before. But that’s only part of the story. The rise of renewable energy has introduced greater…

The best jobs in the world: How Lighthouses shape production’s future

  • Post category:McKinsey & Company
  • Reading time:27 mins read

Companies globally are looking to adopt Fourth Industrial Revolution (4IR) technologies to boost both productivity and sustainability. However, the path to success is fraught with challenges, from outdated legacy systems to the critical need for workforce upskilling. In some cases, companies need to overcome an image problem that makes it…

Capital expenditure efficiency in chemicals: An opportunity for CFOs

  • Post category:McKinsey & Company
  • Reading time:13 mins read

Although capital deployment is strongly linked to enterprise value (EV) and financial health, it has always been difficult to manage. The chemical industry is no exception.Our research finds that the chemical industry anticipates annual growth of 3 to 5 percent by 2030, a 4 percent increase in capital expenditures, and…

Supercharging product portfolio performance with generative AI

  • Post category:McKinsey & Company
  • Reading time:8 mins read

Product portfolios tend to grow. Companies add new products and variants all the time to meet specific customer needs, pursue new market opportunities, or exploit technological advances. They can also be reluctant to kill off older items, for fear of upsetting long-standing customers. Finding the sweet spot in a portfolio…

Key considerations for CEOs in the oil and gas sector

  • Post category:McKinsey & Company
  • Reading time:4 mins read

The demand for oil and gas has returned to prepandemic levels; however, the energy transition is expected to change the demand trajectory for the industry over the medium- to long term. For oil, under all bottom-up scenarios modeled in our recent Global Energy Perspective 2024 report, demand is projected to…

Varun Parmar on how CPOs are shaping the future of sales

  • Post category:McKinsey & Company
  • Reading time:12 mins read

In this episode of McKinsey on Building Products, McKinsey’s podcast on software product management and engineering, McKinsey partner Rikki Singh speaks with Varun Parmar, general manager of Adobe. Throughout his career, Parmar has led product teams at technology companies that are leaders in product-led growth (PLG), such as Box, Miro,…

What are natural climate solutions?

  • Post category:McKinsey & Company
  • Reading time:16 mins read

A 3D rendering of light bulb covered with green grass and blooming yellow flowers against light gray backgroundAs with many aspects of modern life, technology has a significant role to play in tackling climate change—arguably the greatest challenge our species has ever faced. But to avoid the most devastating effects of…

How banks can supercharge technology speed and productivity

  • Post category:McKinsey & Company
  • Reading time:15 mins read

Technology has reshaped banking. Traditional financial institutions have grown their technology teams and are demanding more from them than ever before. Technology teams build innovative new products such as AI-enabled personalized customer experiences, digital payments, and analytics-driven cross-selling. They integrate acquisitions, automate back-office processes, and securely manage vast amounts of…

The state of gen AI in the Middle East’s GCC countries: A 2024 report card

  • Post category:McKinsey & Company
  • Reading time:21 mins read

Of all the various AI technologies, generative AI (gen AI) has arguably captured the most excitement among organizations in the business world and the public sector. Its ability to automate activities across a range of functions—customer interactions, content generation, and computer coding, for example—promises to reshape how much work gets…

How Europe’s residential BESS industry can navigate global competition

  • Post category:McKinsey & Company
  • Reading time:8 mins read

Residential battery energy storage systems (BESS) primarily serve two purposes for homeowners. First, they capture energy generated by solar panels and store it for use when needed, such as in periods of inclement weather or when grid electricity rates increase. Second, they can act as backup generators, providing power during…

Overcoming sub-Saharan Africa’s health workforce paradox

  • Post category:McKinsey & Company
  • Reading time:13 mins read

Mustering adequate human resources for healthcare is a significant challenge for most health systems globally. Everywhere you look, countries are facing shortages in qualified healthcare personnel, uneven distribution of workers, inadequate training, and challenging work environments. These issues are most acute in low- and middle-income countries, particularly in Africa, which…

The productivity imperative for Australian general insurance

  • Post category:McKinsey & Company
  • Reading time:8 mins read

Australia’s general insurers have been facing more frequent and more severe natural disasters, rapid inflation of claims costs, and increased scrutiny from regulators—all while trying to achieve sustainable financial performance. At the same time, the cost of insurance has become increasingly unaffordable for consumers. Insurers trying to outperform in this…

A turning point for private brands: How retailers can seize the opportunity

  • Post category:McKinsey & Company
  • Reading time:15 mins read

In 2021, we asked whether the private-brand trend would last. At the time, consumers were eagerly snapping up retailers’ owned brands, which were lower-priced and more readily available than similar products from many national brands. Fast-forward to today: our research clearly shows that consumers are continuing to opt for private…

Generative AI: The packaging and paper industry’s next frontier

  • Post category:McKinsey & Company
  • Reading time:10 mins read

Generative AI (gen AI) promises to transform business processes. The value added from gen AI could reach $ 4.4 trillion per year, according to McKinsey analysis. Historically, the packaging industry has lagged behind other industries in adopting new digital technologies—including traditional AI and machine learning. However, even in this industry,…

What is retrieval-augmented generation (RAG)?

  • Post category:McKinsey & Company
  • Reading time:12 mins read

A golden outline of a speech bubble is filled with a jumble of colorful, balloon-like spheres. The spheres vary in size, color, and texture, and the image is set against a light-gray background. In recent years, large language models (LLMs) have made tremendous progress in their ability to generate content.…

Assessing the impact of Hurricanes Helene and Milton on small businesses

  • Post category:McKinsey & Company
  • Reading time:3 mins read

Hurricanes Helene and Milton wrought destruction as they lashed across the southeastern United States in late September and early October. Lives were lost. Properties were ruined. Amid this devastation, it’s worth noting the considerable toll that storms like these can take on the small businesses that happen to lay in…