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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.

In April, McKinsey published a new report on China's booming luxury market - “China Luxury Report 2019: How young Chinese consumers are reshaping global luxury.” Global brands face new opportunities as luxury represents a powerful form of social capital for young Chinese consumers.