Hello and welcome to the podcast. Today we’re looking at McKinsey’s Insight, “A turning point amid tailwinds for fitness and wellness.” According to their Future of Wellness report, 84 percent of U.S. consumers say wellness is a top or important priority, and 56 percent are prioritizing wellness more than they did one year ago. As McKinsey puts it, “The $2 trillion global wellness market gets a millennial and Gen Z glow-up.” Yet despite these tailwinds, the industry is at a turning point. Consolidation is accelerating, and fitness leaders must act with intent—and urgency—to stay ahead. McKinsey outlines three imperatives: craft a differentiated value proposition, build enhanced capabilities for greater competitive resilience, and pursue M&A and partnerships with strategic focus. These moves will be critical to navigate the shifting landscape and seize the opportunities ahead. Thanks for listening.
Link to Article