While procurement teams should continue efforts to fight material-cost increases and creatively reduce sourcing costs, adjusting prices is essential in today’s inflationary environment to improve margin position and align the prices of a wide range of industrial goods with their value to customers. By spending a total of In the not-so-distant future, waste products such as used cooking oils and agricultural residues will fuel airplanes in the sky. A McKinsey survey of 400 frontline nurses revealed that 22 percent may leave their jobs providing direct patient care in the next year, a reflection of the physical and mental strain the pandemic has placed upon the profession. Nick Vlahos, CEO of The Honest Company, talks about building a relationship with a consumer at the pivotal moment when she is pregnant with her first child. Never miss an insight. Did the technologies of the ongoing Fourth Industrial Revolution (or Industry 4.0) help? (Bloomberg) -- The rebound in consumer demand from the Covid-19 crisis looks set to be fast but uneven with those who were able to . Healthcare providers should adapt to the post-COVID-19 environment by focusing on the “whole person” and offering incentives to both consumers and providers to research costs and options. Over the past year, McKinsey has interviewed a number of wellness-industry leaders. Stock markets seem to have established their own form of herd immunity. Andrew Cuomo enlisted McKinsey consultants to . The unprecedented speed was due to regulators moving faster, companies and governments accepting high investment risk for billions of dollars, around-the-clock lab work, and—because the virus spread with tragic speed—accelerated clinical trials. Global managing partner Kevin Sneader and senior partner Shubham Singhal explore the good policies, political commitment, and hard work that will be needed to replicate those successes. Communicating to employees how values play into the big picture helps reestablish bonds. Two new reports look at the changes wrought by COVID-19 in the United States and assess their long-term effects. Above all, leaders who have lived through hardships are essential in such circumstances. Though demand should remain high in the coming months as retailers prepare for the holiday season, prices should begin to come down by the end of the year. As the consulting contracts came to light, McKinsey has become a magnet for controversy in a country where an elite civil service is expected to manage public affairs, and private-sector involvement is viewed with wariness. One idea for asset managers to consider: diversity assessments of investment targets, to assess risk and to understand the value-creation opportunity from improving diversity, equity, and inclusion. This week, McKinsey examined how leaders can identify and address what matters most in the postpandemic world. Our survey reveals that 63 percent of Chinese consumers are willing to purchase NEVs, up from 20 percent in 2017. These leaders should focus on reducing the stigma of mental illness and on cultivating a corporate culture conducive to mental wellness. With vaccinations underway, executives everywhere are thinking about the critical next months of the pandemic. This edition of the McKinsey Quarterly Five Fifty, a quick look accompanied by an optional deep dive, examines “the great exhaustion,” in which nearly half of all workers surveyed report symptoms of burnout brought on by hybrid work. Forward-looking organizations are choosing flow-to-work operating models, which create pools of resources that can be deployed flexibly and on demand. But further abatement must come from climate technologies that aren’t quite ready. Repairing the frayed social fabric in the United States is not a new problem. Our Author Talks series features Ella Bell Smith, a professor of management at the Tuck School of Business at Dartmouth College. Despite a brief downturn in 2020, share-price evolution has been positive overall since the beginning of the pandemic, and funding continues to grow at a record rate. The book outlines traditional board tasks and describes new “cultural frontier” responsibilities. People often have more impact on others than they realize, so learning how to use that power can be more important than focusing on acquiring more influence. Pierre-Francois Bacquet and Victor Fabius are partners in McKinsey’s Paris office, where Mélanie Gilavert is a consultant, Eric Hazan is a senior partner, and Christelle Hequet-Cotin is an expert. Strained by Covid-19, leading providers are slashing costs, investing in digital services and looking to merge. Another trend to keep in mind: inequality is growing and was likely exacerbated by the pandemic (exhibit). The company objected to its release to . The latest edition features stories about the nerve-wracking process of giving a colleague tough feedback for the first time, and the humbling experience of receiving it. Also this week, our industry researchers examined four topics: consumers’ uptake of US fintech offerings, the resilience imperative for medtech supply chains, B2B sales in Brazil, and the future of insurance in Africa. COVID-19 has been hard on fashion: apparel companies lost more than 90 percent of their profits in 2020, according to the, Cultivated meat is a cutting-edge food that is just beginning to be produced at commercial levels. But our historical and updated analyses point to. Our “find your fit” mini quiz suggests a few occupations that a kid might consider. Other health concerns need preventative action too. Meanwhile, workers may be too groggy to feel optimistic about anything. Covid-19 has accelerated digital transformation by seven years. McKinsey & Company. In 2018, the firm received 800,000 . McKinsey’s global managing partner Bob Sternfels and colleagues Tracy Francis, Anu Madgavkar, and Sven Smit deliver a proposal for how changemakers in business, government, and society can forge such a path. Our Author Talks series features Indra Nooyi, former chairman and CEO of PepsiCo, about her new book “My Life in Full: Work, Family, and Our Future” (Penguin Random House, September 2021). What will it take to move the transport infrastructure industry toward carbon zero? Travel is another sector that has emerged bruised from pandemic lockdowns. The grades were especially harsh from teachers in Japan and the United States, where nearly 60 percent rated the effectiveness of remote learning at between one and three out of ten. Our latest edition of McKinsey for Kids is designed to help 18-year-olds (or so) explore automation and the future of work (heads-up: there could be robots involved). These tools use forward-looking climate scenarios to estimate the division of the global carbon budget by sector and geography. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Despite the complexity of trying to peer into the future, this week McKinsey experts propose what’s ahead for capital markets, corporate organization, and medical research. Unless actively deorbited, they will remain there for months to hundreds of years. Also on Author Talks, global development executive April Rinne talks about her new book, Flux: 8 Superpowers for Thriving in Constant Change (Berrett-Koehler Publishers, August 2021), which explores how individuals and organizations can develop adaptable mindsets. This week, we spoke with three authors for our Author Talks series, two of whom tackle climate change. These exhibits are based on survey data collected in France from February 23–27, 2021. We are the trusted advisor to the world's leading businesses, governments, and institutions. After a long pandemic pause, some parts of the world are finally contemplating a restart. And in Latin America, just 30 percent are optimistic, the lowest figure globally. Worldwide, these firms (including advanced electronics, aerospace and defense, and automotive and assembly companies) employ almost 25 million people and generate about $9.3 trillion in annual revenue. McKinsey experts examined the causes of the shortage, including a drop in consumer demand for vehicles at the onset of the pandemic, which prompted semiconductor suppliers to shift production to other products. our use of cookies, and US is investigating McKinsey over its role in the opioid crisis . But the United Kingdom faces other problems, such as the plight of small and medium-size businesses, which we described in June 2020. This briefing note was edited by Katy McLaughlin, a senior editor in the Southern California office. It can be jarring to remember that less than a year ago, nobody, outside of clinical-trial volunteers, could get a shot at all. New McKinsey research shows that these five industries could achieve a 20 percent reduction in global annual methane emissions by 2030 and a 46 percent reduction by 2050—enough for a significant shift toward a 1.5°C warming pathway. This week, McKinsey looked at the morphing demands on CFOs and asset managers, and at how C-suite leaders across industries must understand and embrace digitally enabled strategies and business models. We asked teachers in eight countries to rate the effectiveness of remote learning between March and July of 2020. But, Like streaming music or driving electric cars, eating cultivated meat—grown in a bioreactor rather than in an animal’s body—may eventually seem totally normal, says. A report cowritten by McKinsey and C40 Cities Climate Leadership, a network of large cities committed to addressing climate change, identifies, Seth Moore, former chief strategy and analytics officer of online retailer Overstock.com, who is now a senior adviser to McKinsey, clears up several misconceptions about, McKinsey’s analysis of 54 markets around the world found that over half of all, The combination of increased burnout among women and the hold placed on diversity and inclusion initiatives has put. Tampa Service Center- It can be super hard for EAs to move out of the "strong" rating zone. France, 91% in Kuwait, and 88% in Colombia report feeling this way8 Something went wrong. Nonetheless, some of the pandemic’s side effects still have the power to surprise. The report, based on surveys of consumers in China, France, Germany, the UK, and the United States, analyzed a series of pandemic-induced spending behaviors to predict which would outlast the crisis. The United Kingdom’s experience nevertheless suggests that once a country has weathered a wave of Delta-driven cases, it may be able to resume the transition toward normalcy. Our new research looks into the considerable obstacles blocking these flows, including the need for ultracold supply chains, lack of air-cargo capacity, and counterfeiting. Bathroom tissue may not be a glamorous topic, but it’s an effective bellwether of consumer sentiment, as panic buying during the outset of the pandemic illustrated. If you would like information about this content we will be happy to work with you. They share examples of companies that have replaced some work with automation and then redirected employees’ time and energy to new tasks that can grow the business. Our most recent edition of McKinsey for Kids introduces younger audiences to mangrove forests and explains why building a “business case” for mangroves can help protect Bengal tigers and king cobras. Energy companies face societal pressure and increased regulation to significantly reduce fossil-fuel dependency. Gone but not forgotten: in the crisis, global CO2 emissions briefly plunged, then resumed. Last week, we updated our series on the end of the pandemic to consider the emergence of new strains of the virus and a slow start to vaccine rollout. McKinsey experts Patrick Finn, Mihir Mysore, and Ophelia Usher discuss how leaders must be willing to revisit assumptions, change direction, and admit mistakes when the firmament is shaking. Paris, Ile-de-France, France. Banks that have reconfigured all three have achieved a significant uptick in output from their technology budgets. Crisis management, social and environmental issues, and the accelerated adoption of technology are occupying time previously devoted to strategic leadership and finance capabilities. The pandemic continues to dominate global economic sentiment. Soon, the daily risks we run with COVID-19 may seem as much a part of normal daily life as the risks we run when we drive or navigate flu season. For more perspectives, please see the full collection of our coronavirus-related content, visual insights from our “chart of the day,” a curated collection of our first 100 articles relating to the coronavirus, our suite of tools to help leaders respond to the pandemic, and how our editors choose images that help readers visualize the impact of an invisible threat. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. According to a recent McKinsey analysis, location is today’s biggest factor, accounting for about 65 percent of the standard deviation in price to book. One of the culprits is the double shift, the eternal burden of working mothers that has gotten worse during the COVID-19 crisis and is even more troubling for women of color (exhibit). We can still dream about putting the COVID-19 genie back in the bottle, but the more likely reality is that the virus will become an endemic problem we just have to get used to. For more perspectives, please see the full collection of our coronavirus-related content, visual insights from our “chart of the day,” a curated collection of our first 100 articles relating to the coronavirus, our suite of tools to help leaders respond to the pandemic, and how our editors choose images that help readers visualize the impact of an invisible threat. For America’s leaders, innovators, and changemakers, the post–World War II recovery offers valuable lessons for encouraging productivity, innovation, and social-capital creation in a post-COVID-19 future. Our most recent edition of McKinsey for Kids introduces younger audiences to mangrove forests and explains why building a “business case” for mangroves can help protect Bengal tigers and King cobras. Part of the great reset, as companies and countries envision a post-COVID-19 future, is rethinking how technology can serve our needs. Next up in books: peruse the long list for the annual Financial Times and McKinsey Business Book of the Year Award (the winner will be announced December 1), and register now for the digital short-list-announcement event on September 23. A joint paper by McKinsey and research partners in Singapore discusses the rapid emergence of carbon markets as a viable asset class. One such tool is “nowcasting,” a prediction model that uses complex econometric techniques and contemporaneous data to provide a timely view of economic indicators. In France, health agencies contracted with McKinsey and other consultants for help in executing its vaccine rollout, scheduled for Dec. 28, after the European Union secured a belated deal with . Ranking based on occupation transitions column. Thank you for reading, and best wishes for a better new year. On The McKinsey Podcast, former Unilever CEO Paul Polman and McKinsey senior partner Dame Vivian Hunt discuss why, increasingly, the way for companies to deliver resilience, longevity, and growth is to build stakeholder capitalism.
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