McKinsey

JUNE 24, 2025

If they cannot, firms might instead reduce purchases, replace imported products with something similar, or ramp up domestic production. Major products like laptops, smartphones, and toys are harder to rearrange. Shifts across many thousands of products will reshape the geometry of global trade. Granularity is key.

Exploration and Production

McKinsey

JUNE 20, 2025

These and many other improvements in our lives have been driven by a set of scientific discoveries and products engineered based on those breakthroughs. Even as science advances, R&D productivity is on the wane By many metrics, and in many fields, each dollar spent on R&D has been buying less innovation over time. 6 Jack W.

Exploration and Production

McKinsey

JUNE 17, 2025

Trade in electronics could see the biggest shifts, followed by textiles and machinery. Resources across energy and mining could see substantial downstream effects. 4 There is no single cross-country definition of what constitutes a “critical” product. The rest fall somewhere in the middle. Annual GDP growth is taken to be 3.6

Exploration and Production