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McKinsey: Generative AI adoption surges to 65% among companies worldwide, but only 5.2% credit the technology with providing over 10% of EBIT; companies are finding most promising payoffs in marketing and sales, development of products and services

McKinsey: AI adoption may widen economic divide between US and Europe; both US and Europe will need up to 12 million people to transition to different types of jobs over next five years if AI is widely adopted, which could be easier for US than for Europe

Commentary: As more people have access to personalized fitness data, tailored workouts and diets to gain popularity; 82% of Americans prioritize health, as wellness spending reaches US$5,108 per capita in North America, compared to just US$1,596 in Europe

McKinsey finds consumer sentiment in China continues to slump, driven by last year's collapse in property transactions, 5% decline in exports, double-digit youth unemployment, and zero growth in fixed asset investment by privately owned companies

McKinsey: Retail value of US dairy grew 7% from 2022 to 2023, mostly driven by pricing though future growth is expected to be driven by volume; dairy expected to grow 4% annually from 2024 to 2027, with cheese and yogurt seeing most growth

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