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Bangladesh: The next hot spot in apparel sourcing?

Reprinted with permission from McKinsey Quarterly. Lower costs are an advantage for the country’s ready-made-garment industry, but challenges remain. In 2010, China dominated European and US markets for ready-made garments, accounting for about 40 percent of the import volume in each region. A recent McKinsey survey, however, found that 86 percent of the chief purchasing officers

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Are you making the most of your company’s ‘software layer’?

Reprinted with permission from McKinsey Quarterly. As consumers increasingly interact digitally with companies, competitive advantage lies in understanding the range and complexity of those touch points. The past 15 years have created a very different business environment, which has empowered consumers, commoditized many products and services, and dramatically compressed margins. Not surprisingly, these changes have forced

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Understanding social media in China

The world’s largest social-media market is vastly different from its counterpart in the West. Yet the ingredients of a winning strategy are familiar. Reprinted with permission from McKinsey Quarterly No Facebook. No Twitter. No YouTube. Listing the companies that don’t have access to China’s exploding social-media space underscores just how different it is from those of

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Shifting gears: Where the Russian car market is headed

Printed with permission from McKinsey Quarterly The Russian car market is on track to recover from the financial crisis shortly. Where is the growth coming from? And who will benefit? In 2008, the passenger car market in Russia hit a historic high, with more than 2.7 million units sold. Then came the worldwide financial crisis,

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The global company’s challenge

Printed with permission from McKinsey Quarterly. As the economic spotlight shifts to developing markets, global companies need new ways to manage their strategies, people, costs, and risks. Managing global organizations has been a business challenge for centuries. But the nature of the task is changing with the accelerating shift of economic activity from Europe and North

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Winning the $30 trillion decathlon: Going for gold in emerging markets

Printed with permission from McKinsey Global Institute. By 2025, annual consumption in emerging markets will reach $30 trillion—the biggest growth opportunity in the history of capitalism. To compete for the prize, companies must master ten key disciplines. The Industrial Revolution is widely recognized as one of the most important events in economic history. Yet by many

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Understanding Mexico’s evolving consumers

Printed with permission from McKinsey Global Institute. Their behavior since the downturn contrasts sharply with that of their US neighbors. As the country’s economy rebounds, many of these differences will probably persist. Mexican consumers have been hit harder than their US counterparts by the downturn since 2008, but they are more optimistic about their country’s

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