McKinsey’s Week in Charts

The last recession saw an innovation slowdown in consumer goods

The only year in the past 15 that saw an aggregate decline in new product launches by consumer-goods companies was 2008. But going into the COVID-19 pandemic, the industry kept up the pace of innovation.

To read the article, see “Reimagining consumer-goods innovation for the next normal,” October 16, 2020.

Nigerians are increasingly turning to fintech

While customers cite access and convenience as the key drivers for fintech usage, value and price are also important.

To read the report, see “Harnessing Nigeria’s fintech potential,” September 23, 2020.

US disease burden expected to get heavier over the next 20 years

The likelihood of age- and lifestyle-related diseases—including cardiovascular diseases, cancers, and neurological disorders—is expected to increase by about 20 percent through 2040. However, the incidence of chronic respiratory diseases is likely to drop.

To read the article, see “How prioritizing health is a prescription for US prosperity,” October 5, 2020.

Vietnam’s education system significantly exceeds expectations

Vietnam is one of Asia’s high-performing countries when it comes to education. In fact, it’s the only country worldwide at its level of GDP per capita that isn’t underperforming.

To read the article, see “What will it take to achieve Vietnam’s long-term growth aspirations?,” September 9, 2020.

The electric-vehicle outlook is stronger in China and Europe than in the United States

By 2030, regulations and incentives in China and Europe will likely propel electric-vehicle market share to at least a third of all light-vehicle sales. In the United States, that much market share would require an aggressive pickup in sales.

To read the article, see “Electric mobility after the crisis: Why an auto slowdown won’t hurt EV demand,” September 16, 2020.

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