Keep pulling the thread on Redefining Value.
According to McKinsey's "State of AI" survey, while companies are spending immense amounts on AI experiments and pilots, very few of these projects achieve enterprise-grade adoption with a return on investment.
According to McKinsey consumer surveys, approximately 80% of luxury consumers are now using AI agents to discover products.
Despite challenges over the past five years, including a decline in China, tariffs, and geopolitical tensions, profit levels and value creation for the 400 companies in the McKinsey Global Fashion Index have remained relatively stable.
Meta has made significant investments in smart frames technology, including partnerships with Ray-Ban and Oakley.
Wearable technology, including products like the Oura Ring and Whoop, is considered a significant growth area in the consumer market.
The consumer trend of prioritizing "healthspan" or healthy aging is a significant priority in China, indicating it is a global phenomenon.
Consumers are increasingly using large language models like ChatGPT for fashion advice, asking questions such as "what should I wear?"