McKinsey & Company | Global news | Crisis

An overview of McKinsey & Company global news:

United States

US consultancies struggling to find projects in China Amid a state security crackdown on the professional services sector and foreign capital flight due to worsening geopolitical conditions, US consultancies are struggling to find work in China, accordi
26 July 2023
United States

McKinsey: Worst-case scenario of Ukraine war includes US recession A recent McKinsey & Company report that examines the global economic impact of the Russian invasion of Ukraine says the worst-case scenario could result in a recession for the eurozone and United Sta
23 March 2022
Europe

Global consulting firms respond to Russia’s invasion of Ukraine Many of the world’s largest consultancies have now severed ties with Russia following the country’s invasion of Ukraine, while working to support their staff and others caught in the cross-hairs.
08 March 2022
Europe

McKinsey & Company's response to the Russian invasion of Ukraine Many of the world’s largest consultancies have now severed ties with Russia following the country’s invasion of Ukraine, while working to support their staff and others caught in the cross-hairs.
08 March 2022
United States

Big consultancies move to cut ties with Russia after backlash The Big Three strategy firms and Big Four accounting and consulting firms have announced they are suspending operations in Russia.
07 March 2022
United States

How social identities are affecting post-Covid economic prospects A “sobering” reality: last year’s pandemic exposed all manner of institutional and social discrimination across the US economy.
07 June 2021
Australia

Department of Health brings McKinsey on board for vaccine roll-out McKinsey & Company has scored a number of new government contracts, including work on a consulting project for Australia’s Covid-19 vaccine roll-out.
11 April 2021
United Kingdom

Covid-19 aftermath could wipe off $4.7 trillion from banking sector The global banking sector faces a multi-trillion stress-test in the coming three years, according to a new review of the industry by consulting giant McKinsey & Company.
13 January 2021
France

France's lagging vaccine rollout puts the lens on consultants As France’s vaccine roll out continues to struggle, more and more criticism is mounting on government leaders, and the consultants they are using to help deliver inoculations.
12 January 2021
France

French government hires McKinsey to support vaccination rollout The French government is working with consultants from McKinsey & Company on the massive task of vaccinating the country’s 67 million strong population.
06 January 2021
India

Indian banks risk Rs 12 trillion Covid-19 hit, says McKinsey Although resilient in the face of Covid-19, banks in India will have to withstand trillions in credit and revenue losses for this year, and a few more to come.
05 January 2021
United States

Global banking industry could lose up to $4 trillion in revenues The next five years will pose unprecedented challenges to global banking, with heavy credit and revenue losses.
21 December 2020
United Kingdom

Covid-19 has accelerated digital transformation by seven years According to a McKinsey & Company study, businesses have surprised themselves with the speed and success of their digital initiatives in response to Covid-19.
14 December 2020
India

A strategic agenda for Indian banks in the post-Covid world Indian banks are at risk of losing hard-won efficiency gains and should quickly rework how they operate to tackle new challenges, write Akash Lal, Alok Kshirsagar, Siddhartha Gupta and Shikha Gupta f
14 December 2020
United Kingdom

Seven McKinsey charts on how Covid-19 is changing consumers The Covid-19 crisis is significantly changing consumption patterns, purchasing behaviours and brand mindsets of Britons.
30 November 2020
Canada

Auditor general criticizes Ontario's McKinsey-crafted pandemic response structure A scathing report from the province’s auditor general, Bonnie Lysyk, criticized the Ontario government’s pandemic response structure, which is led by political staff instead of medical experts.
27 November 2020
United States

Consumer optimism remains muted, focused on value and essentials Even as countries have lifted many pandemic restrictions, consumer optimism remains muted and spending intent is still below pre-crisis levels, according to a report from consulting firm McKinsey & C
09 September 2020
United Kingdom

16 consulting firms awarded government coronavirus contracts The UK Government has once again come under fire for its spending on private consulting contractors, after it emerged the industry had received contracts worth £56 million to help with the national r
24 August 2020
United Arab Emirates

McKinsey: How UAE consumers are responding to Covid-19 A new survey of UAE residents by McKinsey & Company sheds light on how Emirati consumers are responding to the Covid-19 pandemic and its resulting downturn. A round-up of the most notable findings.
24 August 2020
United States

Billions in profits evaporate due to supply chain disruptions As political, climate, and pandemic risks increase, companies could lose an average of 45% of annual profit once per decade due to supply chain disruption, according to a recent McKinsey report.
20 August 2020
United Kingdom

Covid-19 supply chain disruptions pose multi-trillion economic threat Global markets could forfeit as much as $5 trillion in economic losses, if they do not adapt their supply chains in the wake of the Covid-19 virus.
17 August 2020
United States

McKinsey wins $5 million healthcare consulting contract in Washington state Consulting firm McKinsey & Company won three no-bid, pandemic response contracts in Washington state worth a combined $5 million, according to a report from The Seattle Times and Northwest News Netwo
12 August 2020
United States

Government taps McKinsey to help manage $175 billion payout to hospitals Consulting firm McKinsey & Company has been hired by the Deaprtment of Health and Human Services (HHS) to help manage $175 billion in federal relief funds for hospitals impacted by the coronavirus pa
25 June 2020
Australia

McKinsey: Food consumption habits will change for good The Covid-19 crisis is significantly changing consumption patterns and consciousness, in both Australia and across the globe according to a new McKinsey & Company study.
10 June 2020
India

Challenges to reopening India's complex economy As the Indian government looks to ease lockdown restrictions, the challenge is not only to preserve public health but also to restart a fragmented economy, according to new McKinsey & Company analysi
25 May 2020
United Arab Emirates

McKinsey supports UAE’s ‘10 million meals’ humanitarian campaign McKinsey & Company has partnered with Mohammed Bin Rashid Al Maktoum Global Initiatives to provide support for the UAE’s ‘10 million meals’ humanitarian campaign.
21 May 2020
United States

McKinsey: Covid-19 impact could reach 57 million jobs in US Up to 57 million US jobs are vulnerable – encompassing permanent layoffs, temporary furloughs, and reductions in hours and pay.
11 May 2020
Middle East

GCC consumers currently the most positive according to latest McKinsey poll Global consulting giant McKinsey & Company has reached out to consumers around the world to assess their current state of economic confidence, with those in Saudi Arabia and the UAE proving by far th
03 April 2020
United States

Bay Area homelessness crisis needs coordinated strategy, says McKinsey Coordinated effort from governments, nonprofits, and private sector is needed to stem the growing homelessness issue in the San Francisco Bay Area, according to a recent report from management consul
22 July 2019
United States

Automation holds opportunities and risks for women workers Automation and technological advances could unlock unprecedented opportunities for women, according to a recent McKinsey & Company study.
08 July 2019
Lebanon

Release of McKinsey Lebanon report highlights depth of economic woes The exasperated Lebanese Economic Minister Raed Khoury has publicly published McKinsey’s hefty recent economic country report ahead of previous plans, and the picture isn’t pretty.
18 January 2019
Middle East

The McKinsey UK partner leading a Syrian refugee relief agency in Lebanon
10 January 2019

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