McKinsey & Company | Global news

An overview of McKinsey & Company global news:

United Kingdom

Global retail sector heading for slim growth in 2025 The fashion industry is set for slow but steady growth in 2025, according to new McKinsey & Company research.
20 November 2024
United Kingdom

AI energy demand could hinder net zero progress and outstrip supply According to a new study from McKinsey & Company, the fervour for digital and AI capabilities is creating greater energy needs – even as the world struggles to meet its pre-GenAI net zero targets.
18 November 2024
United Arab Emirates

Emirates NBD partners with McKinsey to drive AI and advanced analytics A few years ago, Dubai’s government-owned bank Emirates NBD entered into a partnership with strategy consulting firm McKinsey & Company with the aim of turning the bank into a leader in artificial in
18 November 2024
Netherlands

The dealmakers that advised Bridgepoint’s purchase of Schuberg Philis Dutch IT company Schuberg Philis has been acquired by Bridgepoint, in a deal that is reported to be worth several hundreds of millions of euros. Meet the M&A consultants that helped close the deal.
13 November 2024
South Korea

McKinsey in Korea appoints Um Soo-hyung and Koo Won-mo as partners Global strategy consulting firm McKinsey & Company has promoted two of its associate partners in South Korea, Um Soo-hyung and Koo Won-mo, to the position of partner.
01 November 2024
United Kingdom

Customer services leaders concerned by scaling difficulties for GenAI pilots Customer care leaders believe that Generative AI will soon be a defining feature of their sector, with four-in-five predicting their investments in the technology will increase.
17 September 2024
United Kingdom

What the MBB can learn from smaller strategy brands The offering of top strategy consultants has come under fire in recent months, with a survey suggesting that their “one-size-fits-all” approach is leaving many clients frustrated.
12 September 2024
United Kingdom

MBB strategy consultancies panned as ‘no help at all’ by project managers The world’s three largest strategy consulting firms are little to no help when engaged for corporate transformations, according to a new industry survey.
23 August 2024
Philippines

President of the Philippines meets with senior McKinsey delegation The President of the Philippines, Ferdinand Marcos Junior, welcomed a senior delegation from McKinsey & Company on Thursday at Malacañan Palace with the hope that the management firm could play a rol
15 August 2024
Middle East

The road ahead for banks in the GCC region: 7 priorities GCC banks are currently in strong shape, and have over outperformed their global counterparts over the past several years.
05 August 2024
Middle East

McKinsey: GCC banks outperform their global counterparts Over the past years, GCC banks have outperformed their global counterparts and looking ahead, the region’s banking sector is in a good position to continue its growth, according to analysis by McKins
17 July 2024
Canada

Auditor general says feds didn’t follow rules on awarding McKinsey contracts The federal government failed to follow procurement rules and was unable to show it got value for money in its contracts to consulting firm McKinsey & Company, according to a report from Auditor Gene
05 June 2024
Palestine

McKinsey partners back international coalition to rebuild Palestine How could anyone be thinking of reconstruction while war is still raging in Gaza? Despite the current situation, planning for the day after is essential, according to the authors of a report on the p
23 May 2024
Pakistan

Pakistan selects McKinsey for tax collection overhaul In a bid to fully digitalise its federal tax authority, Pakistan has signed a deal with McKinsey & Company, which will spearhead the design and roll-out of the new system.
21 May 2024
Europe

Global private markets fundraising falls to 6-year low: $1,000 billion Fundraising by private sector companies and funds fell to a six-year low last year, hitting just over $1,000 billion, with Asia the region impacted the most.
14 May 2024
Middle East

Strategy Consulting reigns in UAE's top employers ranking High-flying professionals in the UAE seeking a fast-track career full of growth and development opportunities should look no further than the world of strategy consulting, at least that is according
13 May 2024
United Kingdom

WEF and McKinsey: Space economy to hit $1.8 trillion by 2035 Earth’s dwindling resources have been over-exploited for decades, and as the resulting supply chain disruption and price inflation sees the world’s leading economies struggle for growth, many busines
01 May 2024
Middle East

McKinsey slashes hundreds of jobs in technology practices Global consulting giant McKinsey & Company has announced it will lay off approximately 360 employees worldwide in response to a slowdown in the consulting sector.
24 April 2024
Canada

Federal procurement watchdog finds ‘perception of favoritism’ toward McKinsey A March report from Alexander Jeglic, Canada’s procurement ombudsman, found a “strong perception of favoritism” in its awarding of contracts to consulting firm McKinsey & Company.
18 April 2024
Japan

McKinsey: Unlocking the next era of growth for corporate Japan Japanese companies need to grow domestically and expand internationally to fulfil their obligations to a more sustainable and inclusive society, write Gautam Kumra and Naoyuki Iwatani from McKinsey &
21 March 2024
India

Young McKinsey consultant commits suicide due to 'work pressure' The issue of mental health in management consulting has yet again come to the fore following the tragic news of a consultant in India who has committed suicide due to suspected “immense pressure” at
18 March 2024
Australia

McKinsey examines impact of generative AI on Australian workforce The introduction and rapid adoption of generative AI has seen consultancy McKinsey & Company revise its previous figures on the potential impacts of automation on the Australian workforce by 2030.
12 March 2024
United Kingdom

UK consulting firms great and small lauded in national ranking The Financial Times has released the 2024 edition of its UK’s Leading Management Consultants ranking.
07 March 2024
Australia

Former McKinsey partner Simon Kennedy set for parliament Former McKinsey & Company partner Simon Kennedy has won a golden ticket to federal parliament after earning pre-selection for the safe Liberal seat of Cook, vacated by former PM Scott Morrison.
06 March 2024
Latin America

Digital tools could help address care gap in Latin America Nearly two thirds of people in Latin America have had deferred medical care at some point in the past year, according to a survey of more than 4,200 healthcare consumers from McKinsey & Company.
22 February 2024
United Arab Emirates

Consultants powering knowledge at World Government Summit 2024 Taking place in Dubai this week, the World Government Summit is bringing leaders from business and government together to shape responses to some of the world’s most pressing issues and solutions.
12 February 2024
France

McKinsey helped Clear Channel’s French business with strategy Revelations from French media have shown that the French business of Clear Channel worked with McKinsey & Company on developing a new strategy following its acquisition.
09 February 2024
Australia

Bob Sternfels survives McKinsey election battle to earn 2nd term Bob Sternfels has been re-elected as McKinsey & Company’s global managing partner for a second three-year term, overcoming digital practice lead Rodney Zemmel and a field of senior challengers.
07 February 2024
Middle East

Cloud: A $180 billion opportunity for Middle East by 2030 If the Middle East’s 600 top companies and the public sector seize upon public cloud technology, as much as $183 billion in value could be generated by 2030 – a sum equivalent to roughly 6% of the re
01 February 2024
United Kingdom

Bob Sternfels faces run-off to remain McKinsey's global boss Traditionally, McKinsey & Company has favoured stability when selecting its leaders.
30 January 2024
Australia

Qantas flies in McKinsey to help address flight delays McKinsey & Company has joined Boston Consulting Group in supporting recent efforts to restore Qantas’ one-time stellar reputation, with the strategy consultancy brought in to help address damaging fl
28 January 2024
Middle East

'It's time to shape MENA startup ecosystem into something bigger' The startup ecosystem of the Middle East, North Africa and Pakistan (MENAP) is growing.
28 January 2024

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