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McKinsey Quarterly
Feb 13, 2026

2026 M&A trends: Navigating a rapidly rebounding market
After dealmaking slowed momentarily in early 2025, global M&A activity quickly assumed a grand scale—delivering big gains for the year—with momentum continuing.

McKinsey Quarterly
Feb 13, 2026

Advanced industries: Geopolitics, economics, and technology drive M&A
Geopolitical disruption, margin compression, focus on vertical integration, adoption of AI, and other trends have resulted in increased deal value within advanced industries and its subsectors.

McKinsey Quarterly
Feb 13, 2026

Beating the odds: What really matters for successful spin-offs
Five lessons can help leaders build two stronger companies.

McKinsey Quarterly
Feb 13, 2026

Consumer packaged goods: Reigniting growth via portfolio realignment
Changing consumer tastes and sentiment are spurring consumer packaged goods companies to use M&A to refocus efforts, redirect capital, and reignite growth.

McKinsey Quarterly
Feb 13, 2026

Defense: Shifts in geopolitics ramp up interest in M&A
The rapidly shifting geopolitical situation has accelerated investment in and demand for military technologies and other defense-related assets.

McKinsey Quarterly
Feb 13, 2026

Excellence in M&A communications: From preannouncement to postclose
Given the intensity and speed of change in M&A, leaders must prepare to communicate faster and more effectively.

McKinsey Quarterly
Feb 13, 2026

Financial services: M&A bounces back, with scale and capabilities at the center
Explore how financial services M&A is recovering for banks, fintech companies, and asset managers, shaping transactions and industry transformation.

McKinsey Quarterly
Feb 13, 2026

Five steps to strengthen M&A capabilities, no matter the starting point
The most experienced acquirers continue to outpace competitors, and their approach can guide companies with less extensive—or rusty—M&A capabilities.

McKinsey Quarterly
Feb 13, 2026

Global energy and materials: The return of the megadeal
Megadeals, joint ventures, and rising private equity activity provided momentum in a year of growth.

McKinsey Quarterly
Feb 13, 2026

How strategic buyers can outperform financial investors by building a ‘synergy muscle'
Value derived from cost, capital, and revenue synergies can give companies a competitive edge to counter the premium prices financial investors often offer.

McKinsey Quarterly
Feb 13, 2026

Life sciences: Dealmaking gains momentum as strategic pressures intensify
Multiple forces are converging to create a favorable environment for M&A activity involving biopharmaceutical, medtech, and life-sciences-services companies.

McKinsey Quarterly
Feb 13, 2026

Insurance: Big deals in Europe and continued activity in the Americas spark M&A
Carriers and brokers are recalibrating their portfolios, consolidating their capabilities, and redefining where expansion could deliver genuine strategic and financial advantage.

McKinsey Quarterly
Feb 13, 2026

Private capital: Confidence returns after a period of measured recovery
Private capital has reemerged as a critical driver of M&A.

McKinsey Quarterly
Feb 13, 2026

Technology M&A: AI enters its industrial phase
AI investment isn't just fueling innovation; it's reshaping competitive dynamics and catalyzing a new wave of strategic M&A across the global tech landscape.

McKinsey Quarterly
Feb 13, 2026

Technology, media, and telecommunications: Building the future one deal at a time
Tech, media, and telecom players are revisiting their M&A strategies and reshaping their deal rationales to address significant structural, competitive, and technological shifts.

McKinsey Quarterly
Feb 13, 2026

Travel, logistics, and infrastructure: A fragile reset paves way for M&A momentum
Travel, logistics, and infrastructure M&A rebounded strongly, driven primarily by large transactions amid lasting uncertainty from tariffs and geopolitical shocks.

McKinsey Quarterly
Feb 13, 2026

Unlocking merger value through operating model design
Mergers represent a rare opportunity to transform an organization's operating model to achieve strategic objectives and deliver promised value. That requires a thoughtful, leader-driven process.

McKinsey Quarterly
Feb 13, 2026

US healthcare: Companies continue to create value through diversification
Rather than using M&A to focus on expansion and diversification into new value pools, many US healthcare players are deploying it to access new capabilities and enhance existing assets.

McKinsey Quarterly
Feb 12, 2026

Revving up American manufacturing to unleash the defense industrial base
By making targeted improvements to existing US defense industrial base operations, manufacturers could cut production ramp-up times in half and double new capital efficiency.

McKinsey Quarterly
Feb 12, 2026

Mike Schoellhorn on uniting European defense through scaled leadership and collaboration
Europe can tackle fragmentation by collaborating on early tech maturation, practical approaches, and a winning team mindset, while executing on time, at pace, and at sustainable cost.

McKinsey Quarterly
Feb 12, 2026

Opportunities through consolidation in the European defense industry
Supply chain consolidation could unlock €9 billion in annual run-rate cost synergies, while boosting interoperability and strategic resilience.

McKinsey Quarterly
Feb 12, 2026

Future defense tech: Multidomain stacks to build affordable mass
In the face of modern warfare, a multidomain defense system is vital—necessitating a move from a vertically integrated approach to modular systems within the future defense tech stack.

McKinsey Quarterly
Feb 12, 2026

Europe's €1 trillion challenge for flexibility and scale
Current European defense acquisition systems are no longer effective in the uncertain geopolitical landscape. Fundamental reform is needed for quick decisions, rapid deployment, and sustainable scale.

McKinsey Quarterly
Feb 12, 2026

European defense by the numbers
The McKinsey European Defense Dashboard presented here provides a comprehensive set of metrics to track the evolving defense posture of European NATO countries.

McKinsey Quarterly
Feb 11, 2026

What to expect in the global fashion industry in 2026
This year's dominant themes include agentic AI, the growth of the resale market, the quest for operational efficiency, and strategic renewal in the luxury sector.

McKinsey Quarterly
Feb 10, 2026

AI in Southeast Asia: An era of opportunity
AI adoption in Southeast Asia is at an inflection point—moving rapidly from exploration to deployment. With strong digital foundations, tech-savvy enterprises, and a young, connected population, the region's major economies are accelerating toward global competitiveness.

McKinsey Quarterly
Feb 10, 2026

Global Private Markets Report 2026 Private equity: Clearer view, tougher terrain
Private equity weather has improved, revealing more demanding, technical ground. Here's what our analyses indicate for dealmakers, operators, fundraisers, and LPs as they look to the road ahead.

McKinsey Quarterly
Feb 09, 2026

McKinsey Global Tech Agenda 2026
Our Global Tech Agenda 2026 shows that top CIOs are rewiring their companies for growth, deploying agentic AI and data monetization to create measurable business value.

McKinsey Quarterly
Feb 09, 2026

The Committed Innovator: Keeping up with AI and deploying it as it evolves
Nathaniel Whittemore, podcaster and founder and CEO of the AI enablement platform, Superintelligent, shares his thoughts on how the technology can be adopted more easily.

McKinsey Quarterly
Feb 09, 2026

The new CIO mandate: Strategy, speed, and scaled intelligence
Our Global Tech Agenda 2026 shows that top CIOs are rewiring their companies for growth, deploying agentic AI and data monetization to create measurable business value.

McKinsey Quarterly
Feb 06, 2026

The Olympics mindset and the discipline behind great innovation
Why innovation, like the Olympics, is won in training—not just on competition day.

McKinsey Quarterly
Feb 06, 2026

Beyond the bot: Building empathetic customer experiences with agentic AI
As agentic AI escapes pilot purgatory, more businesses are bringing best-in-class AI capabilities into their call centers—transforming operations and fundamentally improving customer experiences.

McKinsey Quarterly
Feb 06, 2026

A path to universal prosperity by 2100
Over the past century, economic growth has delivered higher incomes and longer lives, while empowering millions of people. Looking to the future, a world where everyone can live securely and with options - as opposed to just subsisting - is within reach, but will require emerging economies to continue expanding, write Marc Canal Noguer, Nick Leung, and Chris Bradley in Project Syndicate.

McKinsey Quarterly
Feb 05, 2026

A turnaround CEO, a bond market virtuoso, and a champion of human visibility
Our latest obituaries also include a plastics magnate, a probiotic pioneer, and an award-winning architect whose work defied convention—and gravity.

McKinsey Quarterly
Feb 05, 2026

A new way of thinking about metabolic health
The rise of GLP-1 drugs is shifting the discussion of obesity from an intractable issue to a treatable medical condition—inspiring innovation across a range of industries and representing trillions in potential economic uplift.

McKinsey Quarterly
Feb 05, 2026

Redefining procurement performance in the era of agentic AI
Agentic AI is changing what the procurement function can achieve—shifting procurement's focus from transaction tasks to a strategic driver of growth, sustainability, and resilience.

McKinsey Quarterly
Feb 04, 2026

AI in insurance: Understanding the implications for investors
The insurance ecosystem is ripe for technological disruption. For private investors, the spread of AI will create uneven opportunities across subsectors.

McKinsey Quarterly
Feb 04, 2026

Author Talks: How AI could redefine progress and potential
Is AI a threat—or the start of a new renaissance? A former OpenAI executive shares why closing the adoption gap could unlock a new era of human progress.

McKinsey Quarterly
Feb 03, 2026

Bias Busters: How cognitive overload multiplies every bias
Stressed brains often default to cognitive heuristics. Here's how to avoid the trap.

McKinsey Quarterly
Feb 03, 2026

Resilience to relevance: The next Philippines' takeoff?
The Philippines has proven its resilience. The next step is relevance—intensifying productivity, exports, and skills development to realize its potential.

McKinsey Quarterly
Feb 03, 2026

Resilience, AI, and the inclusion imperative: Key lessons from Davos
Davos headlines this year have focused on geopolitical shocks and a retreat from multilateralism, and who benefits from the next phase of growth—and who risks being left behind, writes Shelly Stewart III in Forbes.

McKinsey Quarterly
Feb 03, 2026

Passing the baton: Creating value through CEO succession at family businesses
A thoughtful CEO succession plan in a family-owned business can both protect the family's vision and achieve institutional renewal.

McKinsey Quarterly
Feb 02, 2026

2025 LNG Buyers' Survey: Strategy in a changing energy market
As geopolitical and trade headwinds redefine global energy flows, buyers of liquefied natural gas (LNG) are increasingly prioritizing flexibility to manage risk and seize new opportunities.

McKinsey Quarterly
Jan 30, 2026

A time to be bold: AWS's Tanuja Randery on Europe's AI moment
Amazon Web Services Managing Director Tanuja Randery discusses the speed of AI adoption in Europe and what it will take to accelerate.

McKinsey Quarterly
Jan 30, 2026

From borrowing to building: A new fiscal path for Africa
The decline in official development assistance highlights the fragility of Africa's fiscal model and offers an opportunity for course correction. Four archetype pathways can help stakeholders sequence practical and relevant reforms to mobilize and manage resources and build more resilient public finance systems.

McKinsey Quarterly
Jan 30, 2026

How top economic performers lean into their competitive advantage to guide their strategy
Top economic performers understand their competitive advantage at more granular levels than their peers and use it to derisk and help accelerate growth.

McKinsey Quarterly
Jan 29, 2026

Building trust to scale AI: Interview with the CEO of Stack Overflow
As AI reshapes software development, how can companies build trust and deploy AI at scale? Stack Overflow CEO Prashanth Chandrasekar shares his perspective.

McKinsey Quarterly
Jan 29, 2026

‘You've got to be willing to "do," as opposed to getting disrupted by somebody else': A conversation with IBM CEO Arvind Krishna
In five years, Krishna has revived the once-stagnant company. With AI and quantum, he sees lots of opportunity ahead.

McKinsey Quarterly
Jan 29, 2026

US wealth management in 2035: A transformative decade begins
Over the next decade, the convergence of AI, demographic change, and evolving client trust will challenge wealth managers to reinvent how they compete and serve clients.

McKinsey Quarterly
Jan 29, 2026

How smart people end up in the wrong careers
You might be doing well at work. But are you doing what's right for you?

McKinsey Quarterly
Jan 29, 2026

The revival of pharmacy: The rise of cost-based reimbursement
In the face of recent financial challenges, US retail pharmacies may find relief through cost-based reimbursement models.

McKinsey Quarterly
Jan 28, 2026

Special episode: Davos highlights 2026
Takeaways from leaders on the ground on topics including geopolitics, European competitiveness, AI, and more.

McKinsey Quarterly
Jan 28, 2026

The McKinsey Crossword: Quarterly report | No. 265
Sharpen your problem-solving skills with the McKinsey Quarterly crossword. Each puzzle is created with the McKinsey audience in mind and is built around a subtle (and sometimes not-so-subtle) business theme for you to find.

McKinsey Quarterly
Jan 28, 2026

Author Talks: How to anchor your leadership philosophy
What drives an exceptional company culture? The former CEO of Royal Caribbean explains how a focus on metrics, risk-taking, and the organization's North Star can translate into excellent customer—and employee—experiences.

McKinsey Quarterly
Jan 28, 2026

Adaptation offers a great bang for the buck — so why aren't we buying?
Despite an extraordinary economic payoff — every $1 spent on climate adaptation avoids up to $7 in damages — the world is spending less than half of what is needed, leaving billions of people unprotected, write Annabel Farr, Mekala Krishnan, and Olivia White in Devex.

McKinsey Quarterly
Jan 28, 2026

Human and AI ingenuity can deliver a Century of Plenty
Imagine even the poorest country in the world achieving the prosperity and quality of life of today's Switzerland—by 2100? In these turbulent times, it seems crazy, doesn't it? But it is possible, write Chris Bradley, Nick Leung, and Sven Smit in The Wall Street Journal.

McKinsey Quarterly
Jan 28, 2026

The automation curve in agentic commerce
Agentic AI is increasingly a part of shopping, but not all transactions will be automated in the same way. Here's what agents will handle—and the situations that will call for human involvement.

McKinsey Quarterly
Jan 27, 2026

How Mandarin Oriental's CEO is scaling boutique luxury
Two years into a strategic reset, CEO Laurent Kleitman outlines how the brand plans to expand its luxury hotel offerings both geographically and conceptually—without losing its quality of service.

McKinsey Quarterly
Jan 26, 2026

Reinventing your operating model transformation
A winning strategy requires the right operating model. But many corporate operating model transformations aren't paying off. Here's how companies can help ensure their models deliver.

McKinsey Quarterly
Jan 26, 2026

What consumer-packaged-goods companies can learn from disruptor brands
Disruptor-led growth is reshaping nearly every CPG category. Five disruption archetypes—and six defining traits of disruptor brands—offer lessons for incumbents seeking to compete.

McKinsey Quarterly
Jan 23, 2026

What AI could mean for film and TV production and the industry's future
Industry leaders are questioning how AI could change what content is made and how it is produced. Our research indicates three potential industry outcomes beyond disrupting the content supply chain.

McKinsey Quarterly
Jan 23, 2026

The link between organizational health and public sector performance
New evidence finds improving the health of public entities is critical to citizen satisfaction, financial performance, service quality, and public trust.

McKinsey Quarterly
Jan 23, 2026

Brian Evanko on affordable, personalized healthcare
Brian Evanko discusses the need to switch the US healthcare system's primary focus from treating illnesses and diseases after they occur to preventing them in the first place.

McKinsey Quarterly
Jan 22, 2026

How Los Angeles can accelerate recovery after the 2025 wildfires
A year after devastating wildfires, key levers could accelerate the region's recovery while balancing resilience and risk.

McKinsey Quarterly
Jan 22, 2026

How the best CEOs are meeting the AI moment
CEOs are confronting a make-or-break test of their leadership. Here's what successful leaders are doing to get AI right.

McKinsey Quarterly
Jan 22, 2026

What's next for pharmacies in Latin America?
Pharmacies in Latin America are adapting to consumer preferences, advanced technologies, and economic pressures. A survey of 2,500 consumers finds five factors that can help guide the evolution.

McKinsey Quarterly
Jan 21, 2026

The world needs 8.5x higher GDP to give everyone a Swiss standard of living. As leaders gather in Davos, fear of growth holds this back
Spend time with senior executives today and you hear both confidence and concern. Most are not flying blind. They are thinking seriously about capital cycles, technology transitions, resilience, and long-term value creation, often under far more scrutiny than their predecessors faced. But many admit that the environment feels harder to interpret. The long term is shifting. Assumptions that sat settled in the background—about energy, demographics, geopolitics, and productivity—are moving at the same time, write Chris Bradley, Nick Leung, and Sven Smit in Fortune.

McKinsey Quarterly
Jan 21, 2026

The case for liquid foundation models
Ramin Hasani, CEO and cofounder of Liquid AI, discusses his company's journey and impact and how the company's much smaller models are tailor-made for devices, enabling the physical AI world.

McKinsey Quarterly
Jan 21, 2026

Capturing the $7 billion value in US and Canadian natural gas trading
Natural gas demand is set to rise in the United States and Canada, adding to volatility. Companies that strengthen their infrastructure, technology, and trading can lead in the decade ahead.

McKinsey Quarterly
Jan 20, 2026

Communication, balance, joy: How Seok Cho steered HD Hyundai Electric
Seok Cho, ex-CEO of HD Hyundai Electric, reflects on his approach to leadership: a harmonizer who focuses on open communication and continual questioning.

McKinsey Quarterly
Jan 20, 2026

From potential to productivity: Latin America in the Intelligent Age
New research from the World Economic Forum and McKinsey shows how AI could unlock productivity-led growth in Latin America if leaders move decisively from experimentation to execution.

McKinsey Quarterly
Jan 20, 2026

Leading by example: How Aditya Puri took HDFC Bank to the top
Aditya Puri, retired founder-CEO of HDFC Bank, discusses his "first among equals" leadership style that helped him get HDFC to be the largest private sector bank in India.

McKinsey Quarterly
Jan 20, 2026

Transforming Europe: Bold moves to lift a continent
Europe is starting to reform its investment environment, but there's no time to lose. Standout companies can take the lead with bold strategic moves that drive their own performance—and a continent's.

McKinsey Quarterly
Jan 16, 2026

The new ‘whys': A pragmatic case for climate optimism
A new set of reasons to act could provide the boost needed for the world to effectively tackle climate change.

McKinsey Quarterly
Jan 16, 2026

The brain economy explained: Why strong brains power strong economies
Four McKinsey Health Institute leaders explain why brain health and brain skills are foundational to growth, resilience, and the future of work.

McKinsey Quarterly
Jan 16, 2026

Corporate nature commitments have expanded, but progress is uneven
Despite macroeconomic shifts, corporate targets for nature have continued to grow beyond carbon—but preserving momentum will require greater consistency and follow-through.

McKinsey Quarterly
Jan 15, 2026

Hiding in plain sight: The underestimated size of the semiconductor industry
A new McKinsey analysis suggests that the semiconductor industry is poised for record-breaking growth—but for companies, success will require the right segment-specific strategies.

McKinsey Quarterly
Jan 15, 2026

Reckitt's bold ambition harnessing AI to redefine revenue growth management
Reckitt partnered with McKinsey to embed AI into revenue growth management, driving predictive pricing and profit — an executive client reference.

McKinsey Quarterly
Jan 15, 2026

Reckitt's bold ambition: Harnessing AI to redefine revenue growth management
When Reckitt, a global leader in home and consumer health care, set out to transform the way it managed revenue growth, the company knew it had to think big. Facing margin pressures, inflationary headwinds, and intensifying competition, leaders recognized that the future depended on becoming predictive, proactive, and fast. That realization sparked an ambitious transformation of its Revenue Growth Management (RGM)—powered by technology and AI.

McKinsey Quarterly
Jan 15, 2026

AI Revenue Growth Case Study
Reckitt partnered with McKinsey to embed AI into revenue growth management, driving predictive pricing and profit — an executive client reference.

McKinsey Quarterly
Jan 15, 2026

A US productivity unlock: Investing in frontline workers' AI skills
For tech investments to pay off in higher frontline productivity, workers will need new skills. That means investing in human capabilities before deploying AI widely.

McKinsey Quarterly
Jan 15, 2026

Welcome to the UK: How can FDI help reignite the country's growth?
The UK is among the world's top three destinations for announced FDI. Expanding the range of projects, improving execution, and nurturing domestic follow-on investment could contribute to reigniting economic growth.

McKinsey Quarterly
Jan 15, 2026

The human advantage: Stronger brains in the age of AI
The rise of artificial intelligence highlights how investment in "brain capital" (brain health and brain skills) can boost resilience, productivity, and growth.

McKinsey Quarterly
Jan 14, 2026

The great trade realignment: Asia rising
Trade flows worldwide are reconfiguring as geopolitical alignments fragment and future-shaping industries grow in importance, potentially leading to a generational shift in global trade patterns.

McKinsey Quarterly
Jan 14, 2026

Tracking the energy transition: Where are we now?
Following our first stock take in 2024, we conducted a follow-up review of the energy transition in 2025 by evaluating the deployment of clean energy technologies in key regions against net-zero targets.

McKinsey Quarterly
Jan 14, 2026

Building materials: Understanding the keys to outperformance
Our experience and new analysis suggest a handful of factors enable the companies that have outperformed the rest of the building materials industry since 2015.

McKinsey Quarterly
Jan 14, 2026

Capturing value from customer-centric medtech services
Medtech companies can expand and align their service offerings to support customers' clinical goals, enhancing patient outcomes and boosting enterprise value in the process.

McKinsey Quarterly
Jan 14, 2026

Gen AI in M&A: From theory to practice to high performance
Gen AI helps companies cut costs and close M&A deals faster, positioning them for the next wave of innovation.

McKinsey Quarterly
Jan 13, 2026

Pulling off another century of human progress
Five of the authors of the McKinsey Global Institute's new book talk about writing a new narrative of progress.

McKinsey Quarterly
Jan 13, 2026

Conviction and connection: What makes a great philanthropy CEO
Knowing how to lead a philanthropic organization well has never been more important. But little research exists on what it takes. We spoke with leading philanthropy CEOs to try to close this gap.

McKinsey Quarterly
Jan 13, 2026

The race to rewire operations: How the story unfolded in 2025
2025 was a turning point for operations. Gen AI and agentic AI moved from experimentation to enterprise impact, reshaping how organizations boost productivity, accelerate innovation, and build resilience.

McKinsey Quarterly
Jan 12, 2026

What to expect in US healthcare in 2026 and beyond
The healthcare industry faces successive waves of challenging trends, with glimmers of opportunity in select segments.

McKinsey Quarterly
Jan 12, 2026

Building leaders in the age of AI
Leadership is always critical—but AI is making it more important than ever.

McKinsey Quarterly
Jan 12, 2026

Ambient scribing at the crossroads: What comes next?
Ambient scribing may be nearing an inflection point. Health systems should consider integrating the capability into automation strategies throughout the revenue cycle.

McKinsey Quarterly
Jan 12, 2026

Helming a sea change: Building the future workforce for US shipbuilding
Shipbuilding is essential to a nation's strength and economic resilience. How can the United States bolster its maritime talent pipeline to promote this critical sector?

McKinsey Quarterly
Jan 12, 2026

McKinsey perspectives on healthcare industry trends and the year ahead
The US healthcare industry faces continuing challenges. But if there's one reason for optimism, it's how technological innovation offers the sector a transformative opportunity.

McKinsey Quarterly
Jan 09, 2026

Merchants unleashed: How agentic AI transforms retail merchandising
Agentic-AI-empowered merchants will spend less time reporting and more time strategizing. But getting there will require new roles and ways of working.

McKinsey Quarterly
Jan 09, 2026

How the world's largest restaurant franchise operator uses AI
Flynn Group is testing AI tools that promise to transform how restaurants are run—and how customers experience them.

McKinsey Quarterly
Jan 09, 2026

Bridging the great AI agent and ERP divide to unlock value at scale
Resources focused on AI are coming at the expense of enabling ERP to provide the system capabilities AI needs to thrive.

McKinsey Quarterly
Jan 09, 2026

Special episode: McKinsey at CES 2026
McKinsey partners share insights from this week's Consumer Electronics Show.

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