Word: mckinseys
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Dates: during 2000-2009
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...things aren't changing. Bank ATM cards are now ubiquitous, with more than 1 billion in circulation in China. And, in 2006 the number of credit cards shot up 39%, and the total is expected to double again this year. Whereas banks barely break even now on such business, McKinsey estimates by 2013, China's consumer credit card profits could hit $1.6 billion. Indeed, at a Shenzhen Starbucks, I watched as a young woman paid for her caramel macchiato with a Beijing Olympics-branded Visa, one of what seemed to be several cards she had in her wallet. We were...
...includes seven campuses, and its graduates quickly became India's technological elite. A half-century later, their influence is almost as great in the U.S., where 25,000 of IIT's 100,000 graduates live. IIT grads include venture capitalists Vinod Khosla, Kanwal Rekhi and Yogen Dalal; former McKinsey managing director Rajat Gupta; Vodafone CEO Arun Sarin and 35 of the top 600 executives at GE. Silicon Valley couldn't run without them, and India's booming tech economy has opened up another world of opportunity. "You've almost got too many choices," Immelt said in a speech...
...insisting on efficiency gains of at least 5% annually, "an iron goal," as he puts it. Every year BMW sits down with its suppliers to discuss specific savings targets, but it also canvasses them for creative ideas about possible cost cuts they can undertake together. Klaus Richter, a former McKinsey consultant who's now BMW's procurement man, says some 10,000 such suggestions have been made in the past three years, of which about a third have been put into practice. The savings, he says, amount to hundreds of millions of euros...
...next few years. At the same time, foreign retail chains such as Wal-Mart and Carrefour are pressing to enter the market through joint ventures and by lobbying the government to change protectionist laws so they can set up wholly owned chains. The opportunities are immense. The McKinsey Global Institute, a think tank, estimates India's retail market will be worth $1.52 trillion by 2025, up from $370 billion in 2005. Though the relative importance of comestibles will shrink as people earn more disposable income, McKinsey estimates the food-and-beverage category will still account for 25% of all retail...
...potential of the Chinese market is so large that H&M's need to capture it is obvious. McKinsey estimates that by 2025 there will be 220 million upper-middle-class households in China's cities, defined as those making $5,000 to $12,500 a year, in contrast to 23 million households in 2005. Less clear for the company, says retail analyst Raphael Moreau of Euromonitor International, is "how much it will have to reinvent itself to make an impact...