Until the turn of this century, population growth generated more than half of all global consumption. But between 2015 and 2030, three-quarters of global consumption growth will be driven by individuals spending more. This shift has profound implications for companies. What’s now important are emerging demographics: the latest report from the McKinsey Global Institute (MGI) finds that nine groups will generate three-quarters of global urban consumption growth to 2030, and just three of these will generate half of consumption growth and have the power to reshape global consumer markets over the next 15 years.
McKinsey (March 2016)
World of clean, reliable, and safe energy is not around the corner. In fact, according to the information compiled by Looking Ahead: The 50 Global Trends That Matter, an annual compendium of data and graphics on subjects ranging from economics to demography to energy, the majority of the planet’s electricity needs will still be fueled by coal and natural gas in 2040—despite strong growth in nonhydro renewables such as wind, solar, and geothermal.
McKinsey Quarterly (October 2014)
Automobiles are a force for change. Over the past half century, their very success has generated pollution and congestion while straining the supply of global resources. The rapid surge of emerging markets, particularly China, has heightened these dynamics.
McKinsey & Company (June 2015)
More than half the world lives in cities, and that figure is likely to increase to 60 percent by 2030, adding 1.4 billion more people than today. The rush to urban centers, particularly in emerging economies, is driven by a desire for a better life with more opportunities—as economies start to centralize in cities, so do people.
Dr. Chris Borroni-Bird, Vice President, Strategic Development Qualcomm
Mobility improves quality of life by providing access to people, places and experiences. It also enables economic advancement by providing access to goods and markets.