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Global value chains are being reshaped by rising demand and new industry capabilities in the developing world as well as a wave of new technologies. In "Globalization in transition: The future of trade and value chains", the McKinsey Global Institute analyzes the dynamics of global value chains and finds structural shifts that have been hiding in plain sight.

How do companies deliver exceptional designs, launch after launch? What is design worth? To answer these questions, we have conducted extensive research to study the design actions that leaders can make to unlock business value. For the October 2018 report “The business value of design,” we tracked the design practices of 300 publicly listed companies over a five years, collected more than two million pieces of financial data, and recorded more than 100,000 design actions.

Technology companies, startups and automotive manufacturers are in a race to unleash the next great era of mobility. They are making unprecedented investments in the ACES (autonomy, connectivity, electric and sharing). Already, they are seeing extraordinary advances in computing power, data generation through sensors and cameras, battery life, and much more. We expect these transformational technologies will change the world economy as profoundly as the move from horses to cars, signaling Mobility’s Second Great Inflection Point and a much better consumer experience.