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The article discusses the increasing trend of employees returning to work in person, known as Return to Office (RTO). Research shows that a significant percentage of employees are now working mostly in person, with various sectors experiencing a rise in in-person work. The research also explores employee satisfaction with different work models, burnout rates, generational differences, gender dynamics, and the impact of caregiving on the return-to-office transition. Additionally, the article emphasizes the importance of intentional leadership, collaboration, innovation, and mentorship in driving productivity and success in the evolving work environment. [Extracted from the article]

This document is a weekly briefing from McKinsey Insights that covers a range of topics, including the use of AI in organizations, productivity turnaround, and the importance of healthy longevity. It also includes analysis on climate technology, activist investors, advanced digital technologies, and data surveillance. The document offers recommendations and strategies for organizations to address these issues. Additionally, it features interviews with authors discussing their books and a case study collection on digital transformations. [Extracted from the article]

This document is a weekly briefing from McKinsey Insights that covers a wide range of topics. It discusses the importance of distinctive institutional capabilities for companies to outperform their peers and introduces the VECTOR framework. The briefing also highlights the gender health gap in cardiovascular care and research and the need for sex- and gender-appropriate care. It provides additional analysis on topics such as tokenization in financial services, emissions reduction in logistics, and public engagement for CEOs. The document also covers business and economic trends, including growth in the tourism industry and challenges faced by start-ups and the apparel industry. It offers insights on employee productivity and organizational performance, as well as improving fund performance for private equity firms. The briefing notes also include discussions on various topics such as digital transformations, personalized marketing, retaining nurses in healthcare organizations, and the use of AI in different sectors. A recent report from McKinsey highlights the potential impact of improving school systems and the integration of digital and AI in companies' digital transformations. The report also covers topics such as outcomes for Black Americans, the payments industry, and the medical-aesthetics market. The document is a briefing note prepared by a senior editor at McKinsey and invites readers to share their thoughts and suggestions. For more information, readers can visit McKinsey's archive of briefing notes published in 2023. [Extracted from the article]

This document is a weekly briefing from McKinsey Insights that provides insights on various topics. The first section discusses how climate tech companies can achieve cost savings by applying design-to-value principles in production and procurement. The second section focuses on how organizations can improve the data capabilities of their procurement functions to drive and protect value creation. The document also includes additional analysis on topics such as the evolution of the payments sector, strategies for credit union CEOs, and the concept of circularity. Another section explores the potential of gen AI in agriculture, effective communications in organizations, and shifts in consumer behavior. The final section highlights the benefits of deploying AI across multiple business functions and the recovery of the tourism industry. The document concludes with further analysis on topics such as quantum sensing technology, improving government technology, and the value of reliability for refiners. The text discusses various insights and findings from McKinsey research on different topics. It highlights the importance of effective leadership in organizations and the impact it has on performance. It also discusses challenges and strategies in the apparel industry, the value of cloud transformations, reaching net-zero emissions, and the potential of the Internet of Things. The text also covers topics such as private asset management, improving productivity in small and medium-sized enterprises, and attracting Gen Z workers in manufacturing. Additionally, it mentions the shift towards noncash payments in Latin America and the importance of spiritual health for Gen Z individuals. The text provides a range of perspectives and recommendations for different industries and sectors. The text discusses various topics and findings [Extracted from the article]

This document is a series of weekly digests from McKinsey, covering various topics such as generative AI, employee health, economic empowerment, and more. Each digest provides headline findings and insights on the respective topic. The digests also highlight notable analysis from McKinsey on subjects like luxury hotels, Medicare Advantage, and biopharmaceutical companies. [Extracted from the article]

This document is a weekly briefing from McKinsey Insights that covers a range of topics. It discusses the potential for collaboration between the public and private sectors to lower the cost of basic goods and services, the importance of leadership development for start-ups, and how apparel brands can use digital capabilities to improve efficiency. It also explores trends in Latin America, such as the shift towards digital payments and preferences among different age groups. Other topics covered include toxic traits in leadership, priorities for CFOs, and the role of AI in the workplace. The document also examines the growth of the space industry, strategies for addressing labor shortages in construction and manufacturing, and ways to increase profitability in retail and healthcare. It provides insights on digital transformation, AI, and industry trends, with a focus on topics such as cybersecurity, tokenization, and M&A. Additionally, it examines racial gaps in outcomes for Black Americans, the risks and opportunities in the payments industry, and the growth of the medical-aesthetics market. The briefing note includes interviews with industry leaders and case studies on digital transformations. [Extracted from the article]

US consumers are buying fewer items across various categories, despite a strong economy and low unemployment. The volume declines in consumer packaged goods (CPG) are significant, with a 2 to 4 percent decline on average. This decline is seen across grocery, personal care, and household products. While consumers are increasing their shopping frequency, they are purchasing fewer items on each trip. The reasons for this shift in behavior include higher prices and affordability concerns. CPG businesses should evaluate their portfolios, accelerate growth in online and value channels, reconsider pricing and promotion strategies, invest in brand loyalty, and calibrate their supply chains to adapt to changing volumes. [Extracted from the article]

Despite some glimmers of optimism last quarter, consumer spending across demographic groups - and many retail segments - continues to decline. Since then, real spending growth has ground to a halt across all groups, with both high- and low-income groups holding their spending largely flat relative to last year (on a real basis, not accounting for inflation). Consumer spending: Real versus nominal B I Real spending declined for the first time in more than two years. i b In March 2023, real spending fell 0.7 percent versus a year ago. Consumer spending: Real versus nominal B I For both real and nominal spending, the year-over-year change is negative. i b In May 2023, consumer spending (as measured by credit card spending) declined in real terms by more than 6 percent versus one year ago, with nominal spending growth turning negative for the first time in more than two years. [Extracted from the article]

Inflation and interest rates are difficult to forecast, and consumer confidence is fickle. A demographic sea change According to 2021 data from an RV industry trade group, about half of all RV buyers are younger than 55 years old, and more than one-fifth of RV owners are between 18 and 34 years old. However, in 2022, and so far in 2023, a mix of inflation, rising interest rates, and sinking consumer confidence have slowed that surge. [Extracted from the article]

B I Proactively drive sustainability. i b Consumers demand that retailers and brand owners become more focused on creating and supporting sustainable products. Companies shifted their priorities for the products they did launch to ensure that those products stood out on shelves and were more relevant to changing consumer preferences. [Extracted from the article]

Understanding customers Telkomsel's leaders knew that providing customers with the best products and services would require putting data to smart use. A 26-year-old telecom incumbent seized an opportunity to reinvent itself - and attract its next generation of customers. [Extracted from the article]

Retailers should view the COVID-19 pandemic as an opportunity: with bold changes in their offerings and operations, they can align with consumers' varying acceptance of premiums for sustainable products and operations and use sustainability as a competitive advantage. Though grocers have focused on product safety and hygiene during the pandemic, sustainability remains a key priority for consumers and grocery CEOs alike. In order to prioritize their activities, grocers can plot their ESG topics into a matrix of stakeholder importance and financial impact. [Extracted from the article]

Charting your ambition The most successful retailers let their strategic ambition and aspirational customer experience determine what omnichannel strategy to pursue. But without a proper grounding in customer needs or determining how these investments will create and sustain value at scale, retailers sometimes end up with what amount to shiny objects that drain capital expenditures. The apparel retailer mentioned earlier, for instance, recognized that although its sights were set on omnichannel personalization, its customer data, content management, and mobile app capabilities were not yet sufficient to reach the objective. [Extracted from the article]

European consumers are emerging from lockdown at their own pace - and with new priorities that include personal safety and social values. Consumers are willing to shop in stores if they feel safe Taking and maintaining measures to keep employees and consumers safe during the pandemic is critical to reassuring consumers. [Extracted from the article]

In Australia, for example, 61 percent of Gen Zers surveyed consider brands that collaborate with other trendy brands more interesting; only 51 percent of millennials do. They are significantly more likely than Gen Xers to say they prefer brands that are popular with others - 40 percent of Gen Zers surveyed look for popular brands, versus 34 percent of Gen Xers. While they like brands, they aren't particularly loyal to them: in Australia and China, brand-conscious followers are the least brand loyal of all six consumer segments. Across the region, Gen Zers are 20 percent more likely to try out new brands and products than millennials are, and they won't be loyal to brands that don't deliver. [Extracted from the article]

How do transparency, empathy, and meaning work in practice? Younger people think that environmentally and socially focused companies are better prospective employers, and the vast majority say they would be more loyal to companies aligned with those values. Swiss tech firm Ambrosus, for example, uses high-tech sensors and blockchain technology to record the entire history of products for food and pharmaceutical companies. 1 Founded in 1980 by McKinsey alumnus Bill Drayton, Ashoka identifies and supports leading social entrepreneurs, learns from the patterns in their innovations, and mobilizes a global community of change leaders motivated by the conviction that broad organizational change, directed toward social improvement, is possible. [Extracted from the article]