Capital project leaders are set to invest an astonishing $130 trillion between 2022 and 2027, marking a 70% surge from the previous five years. With spending on the rise, companies are blending tech and talent to maximize returns. As highlighted by McKinsey’s senior partner @Ishaan Nangia and partner JAE HOON JUNG in a recent discussion, the integration and scaling of tech enablement—such as digital twins, generative scheduling, and digital control towers—will become increasingly crucial. The potential here remains largely untapped. Discover how capital project leaders can thrive in this new era: https://lnkd.in/eqyCg2sf #CapitalProjects #TechEnablement #Innovation #ProjectManagement #DigitalTransformation
McKinsey Operations
Operations Consulting
Connecting the boardroom to the frontline, transforming operations, and building resilience
About us
As a leader of your organization, you're facing challenges to your Operations across the value chain. Supply chains are being disrupted more often, inflation and price volatility loom over the global economy, a skills shortage is slowing productivity—all amid a moral and regulatory imperative to improve sustainability. McKinsey’s Operations Practice sits at the intersection of strategy, technology, and transformation to deliver sustainable, inclusive growth. We connect boardroom strategies to the frontline—infusing technology where and when it matters and rapidly delivering lasting transformations enabled by capability building. Operations are the connection between your organization’s strategy and its lasting success. Now, more than ever, companies that use operations to move fast and build new capabilities at scale are gaining competitive advantage.
- Website
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https://www.mckinsey.com/business-functions/operations/our-insights
External link for McKinsey Operations
- Industry
- Operations Consulting
- Company size
- 10,001+ employees
Updates
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Companies with top-quartile #procurement maturity have EBITDA margins at least five percentage points higher than their less mature peers. To achieve procurement excellence, companies need to excel in multiple dimensions, including procurement strategy, category management, digital, data and analytics, organization, and skills. Learn more about the key elements of procurement excellence and how to achieve them: https://mck.co/3VCslPH
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How can manufacturing companies leverage Fourth Industrial Revolution technologies to enhance productivity and sustainability? The Global Lighthouse Network (#GLN)—a World Economic Forum initiative, in collaboration with McKinsey—has the key. Discover how one GLN company achieved a 20% productivity boost and 15% cost reduction, while another slashed its carbon emissions by 25%: https://mck.co/4fgwgsc
The best jobs in the world: How Lighthouses shape production’s future
mckinsey.com
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Digital simulations are transforming product development. By creating accurate digital representations of real-world systems, companies can accelerate innovation, improve efficiency, and reduce costs. Explore how utilizing these simulations can help tackle challenges, explore fresh opportunities, and craft innovative solution: https://mck.co/4fhZDdP
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The rise of Gen Z and the capabilities of #genAI are reshaping customer service, and we are here to help businesses adapt to these shifts. Looking ahead, leaders must prioritize staying current with trends, implementing holistic support strategies, and enhancing customer care operations. Listen in to #McKinseyTalksOperations as partners @Brian Blackader and @Eric Buesing discuss trends, unified support strategies, and actionable steps for contact center leaders. Read the article➡️ https://lnkd.in/eAZCtyVB 🎧 Apple: https://lnkd.in/enKtWUQ9 🎧 Spotify: https://lnkd.in/ePdieHn5 #CustomerCare #GenZ
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Why do some companies succeed in their transformation efforts while others falter? It's not about technology, it's about talent. Companies that invest in their frontline workers see productivity and stability improvements that greatly outpace their peers. The Global Lighthouse Network – a World Economic Forum initiative co-founded with McKinsey – has recognized the importance of workforce engagement and empowerment since its inception in 2018. In 2025, the program will expand to formally celebrate organizations with innovative talent solutions. Learn more about the expansion and how to apply for Lighthouse designation in our new blog. https://lnkd.in/eYdn2tFh
Putting people first: A new imperative for manufacturing
mckinsey.com
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What will it take for manufacturers to ensure future productivity amid industry and supply chain disruption? Senior partner and Global Mining Service Line leader Richard Sellschop recently offered his insights on the state of global #manufacturing productivity with Manufacturing Digital, sharing key strategies the industry can adopt to ensure productivity and enhance success. He explains how tackling the ongoing #productivity challenge will require manufacturing leaders to draw on a proven combo of tactics. Read the full piece ➡️https://bit.ly/3BziL9r
McKinsey: How Manufacturers can Ensure Future Productivity
manufacturingdigital.com
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At the end of 2023, the final episode of McKinsey Talks Operations concluded that there was no normal for operations leaders. Looking back on the 12 months since then, it seems the sentiment holds true—both everything and nothing has changed. In this episode, hosts Christian Johnson and Daphne Luchtenberg reflect on four recurring themes from their discussions with McKinsey experts and industry guests: building resilient operations ecosystems, decarbonizing operations, winning with talent, and tech-enabling operations with digital and generative AI. Listen in here🎧: Apple Podcasts: https://lnkd.in/emydUYfn Spotify: https://lnkd.in/e_3nzrpi
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Local labor markets are changing, and manufacturing must adapt. Is your frontline workforce strategy right for your location? Learn more about the 4 talent archetypes that can help manufacturers and other frontline-intensive businesses turn talent into a competitive edge. Discover more: https://mck.co/3ZOZPwv
Is your frontline workforce strategy right for where you are?
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The evolution of procurement is ongoing, and looks set to continue - and even accelerate - in the coming years. In the latest episode of McKinsey Talks Operations, Marc Sommerer reflects on Mauro Erriquez's conversation with Dominique LEBIGOT, Chief Purchasing Officer of LVMH Wines and Spirits, covering topics including the circular economy, #sustainability, and #digitization and the role of #genAI in purchasing. https://lnkd.in/e5aJqMh6