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Top performers are more likely than their peers to fill talent gaps through hiring.
McKinsey · 2021 · peer_benchmark
Top performers are more likely than their peers to fill talent gaps through hiring.
46% — Percentage of respondents
 Compared with their peers, the top economic performers have been more likely to invest in new partnerships, talent, and R&D.
McKinsey · 2021 · benchmark_peers
Compared with their peers, the top economic performers have been more likely to invest in new partnerships, talent, and R&D.
+21 — percentage point difference
 Top economic performers were more innovative than their peers during the COVID-19 crisis.
McKinsey · 2021 · key_takeaways
Top economic performers were more innovative than their peers during the COVID-19 crisis.
1.8x — Share of sales from new products
 Looking ahead, top economic performers are planning to double down on tech as a differentiator.
McKinsey · 2021 · industry_trends
Looking ahead, top economic performers are planning to double down on tech as a differentiator.
67% — Level of ambition for organizations' planned investments in digital and technology
 Effective digital- and technology-driven strategies require deep involvement from technology leaders.
McKinsey · 2021 · key_takeaways
Effective digital- and technology-driven strategies require deep involvement from technology leaders.
52% — Share of respondents who strongly agree
 Organizations with tech-savvy leadership teams significantly outperformed their peers in their ability to build top-performing tech endowments.
McKinsey · 2021 · benchmark_peers
Organizations with tech-savvy leadership teams significantly outperformed their peers in their ability to build top-performing tech endowments.
43% — Percentage of respondents
 Across the leadership team, the call to become more tech savvy is urgent—even for roles that have typically engaged very little with technology.
McKinsey · 2021 · kpi_dashboard
Across the leadership team, the call to become more tech savvy is urgent—even for roles that have typically engaged very little with technology.
59% — Level of engagement by role
 The time is now for companies to make bold investments in technology and capabilities that will equip their businesses to outperform others.
McKinsey · 2021 · next_steps
The time is now for companies to make bold investments in technology and capabilities that will equip their businesses to outperform others.
 Expanding presence in Germany: Half of companies anticipate growth in their German footprint within 5 years
McKinsey · 2025 · industry_trends
Expanding presence in Germany: Half of companies anticipate growth in their German footprint within 5 years
48% — Growth expectation
 Prioritizing core business growth: CxOs are more frequently targeting investments in Germany, compared to the previous year
McKinsey · 2025 · market_landscape
Prioritizing core business growth: CxOs are more frequently targeting investments in Germany, compared to the previous year
58% — Investment allocation
 Future regions for global trade: Intensified connections with Europe, the United States, and Asia-Pacific
McKinsey · 2025 · market_landscape
Future regions for global trade: Intensified connections with Europe, the United States, and Asia-Pacific
58% — Percentage of companies planning to intensify trade
 AI, robotics, and decarbonization: Key drivers of future innovation and growth
McKinsey · 2025 · industry_trends
AI, robotics, and decarbonization: Key drivers of future innovation and growth
84% — Percentage of CxOs identifying technology as a key driver
 Driving productivity: Digitalization, organizational efficiency, and scaling as top priorities
McKinsey · 2025 · key_takeaways
Driving productivity: Digitalization, organizational efficiency, and scaling as top priorities
85% — CxO survey response rate
 Unlocking local investments: Talent regulations, innovation support, and competitive energy prices as key enablers
McKinsey · 2025 · key_messages
Unlocking local investments: Talent regulations, innovation support, and competitive energy prices as key enablers
 This report is based on extensive customer research and proprietary market forecasts
McKinsey · 2025 · disclaimer
This report is based on extensive customer research and proprietary market forecasts
 The luxury sector grew faster than the economy, driven by top spenders
McKinsey · 2025 · market_landscape
The luxury sector grew faster than the economy, driven by top spenders
25-30% — CAGR %
 The luxury industry generated exceptional value since the pandemic (x3+ vs. 2019), with a slowdown in 2024
McKinsey · 2025 · financial_analysis
The luxury industry generated exceptional value since the pandemic (x3+ vs. 2019), with a slowdown in 2024
+2.6x — Economic profit
 Growth was driven by China and the US, focused mainly on leather goods and jewellery
McKinsey · 2025 · market_landscape
Growth was driven by China and the US, focused mainly on leather goods and jewellery
114 — USD billion
 Growth was driven by significant price increases in specific categories
McKinsey · 2025 · financial_analysis
Growth was driven by significant price increases in specific categories
80% — Market growth contribution
 Luxury executives had a more pessimistic outlook for 2025
McKinsey · 2025 · industry_trends
Luxury executives had a more pessimistic outlook for 2025
-22 — Net intent
 Global luxury sector growth slowed considerably in 2024 and is expected to be modest in the years ahead
McKinsey · 2025 · industry_trends
Global luxury sector growth slowed considerably in 2024 and is expected to be modest in the years ahead
2-4% — CAGR
 The US is forecast to become luxury’s main growth engine, thanks to favorable economic factors
McKinsey · 2025 · industry_trends
The US is forecast to become luxury’s main growth engine, thanks to favorable economic factors
4-6% — Luxury market growth
 Three key themes will influence the outlook of luxury in the US
McKinsey · 2025 · context
Three key themes will influence the outlook of luxury in the US
 China’s GDP deceleration, paired with changing clients’ preferences, is challenging growth
McKinsey · 2025 · industry_trends
China’s GDP deceleration, paired with changing clients’ preferences, is challenging growth
+12-17 p.p. — Share of total luxury spend
 Yen weakness has propelled growth and boosted Japan’s attractiveness as a global shopping destination
McKinsey · 2025 · market_landscape
Yen weakness has propelled growth and boosted Japan’s attractiveness as a global shopping destination
327 — Recovery rate for tax-free shopping spend
 Growth dynamics differ by category, as typical levers decrease in effectiveness
McKinsey · 2025 · industry_trends
Growth dynamics differ by category, as typical levers decrease in effectiveness
4-6% — CAGR
 Executives expect more moderate price increases compared to last year, and anticipate higher focus on volumes
McKinsey · 2025 · industry_trends
Executives expect more moderate price increases compared to last year, and anticipate higher focus on volumes
55% — Retail sales expectations
 Top-spending clients are expected to create 65 to 80 percent of global market growth through 2027
McKinsey · 2025 · market_sizing
Top-spending clients are expected to create 65 to 80 percent of global market growth through 2027
65-80% — Share of growth
 As clients shift spend away from luxury goods, unique on-brand experiences can drive growth
McKinsey · 2025 · case_study
As clients shift spend away from luxury goods, unique on-brand experiences can drive growth
~80% — HNWI spend shift
 What we see as priorities for the luxury industry
McKinsey · 2025 · transition
What we see as priorities for the luxury industry
 Luxury’s value equation — and the relationship between price and quality — is in question
McKinsey · 2025 · problem_statement
Luxury’s value equation — and the relationship between price and quality — is in question
 Five strategic imperatives for luxury executives have emerged
McKinsey · 2025 · initiative_list
Five strategic imperatives for luxury executives have emerged
 Five trends for post-pandemic leadership
Accenture · 2021 · cover
Five trends for post-pandemic leadership
 Federal agencies demonstrated unprecedented agility in responding to the COVID-19 pandemic, accelerating technology modernization efforts by years.
Accenture · 2021 · context
Federal agencies demonstrated unprecedented agility in responding to the COVID-19 pandemic, accelerating technology modernization efforts by years.
 Our five technology trends for 2021
Accenture · 2021 · industry_trends
Our five technology trends for 2021
 Digital government transformation accelerates
Accenture · 2021 · industry_trends
Digital government transformation accelerates
57% — Pace of digital transformation
 COVID-19 tested federal resilience
Accenture · 2021 · problem_statement
COVID-19 tested federal resilience
97% — Percentage of executives reporting stress
 The need to innovate is a top priority
Accenture · 2021 · key_takeaways
The need to innovate is a top priority
91% — Agreement level
 Defining to capture tomorrow's market
Accenture · 2021 · market_landscape
Defining to capture tomorrow's market
92% — Agreement level
 Stack Strategically: Rearchitecting government for what's next
Accenture · 2021 · section_divider
Stack Strategically: Rearchitecting government for what's next
 Technology and strategy converge
Accenture · 2021 · industry_trends
Technology and strategy converge
90% — Agreement level
 Technology architecture creating winners & losers
Accenture · 2021 · market_landscape
Technology architecture creating winners & losers
74% — Criticality of technology architecture
 Technology powers the mission more than ever
Accenture · 2021 · industry_trends
Technology powers the mission more than ever
30% — Alignment of technology and business strategy
 Technology leadership creates real value
Accenture · 2021 · key_takeaways
Technology leadership creates real value
87% — Agreement level
 Mirrored World: Digital twins report for duty
Accenture · 2021 · section_divider
Mirrored World: Digital twins report for duty
 Integrating insight is mission-critical
Accenture · 2021 · data_table
Integrating insight is mission-critical
89% — Agreement level
 Digital twins emerging but not as fast as commercially
Accenture · 2021 · industry_trends
Digital twins emerging but not as fast as commercially
24% — Adoption rate
 Investment in intelligent digital twins to grow
Accenture · 2021 · market_landscape
Investment in intelligent digital twins to grow
63% — Investment growth expectation
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