McKinsey suggests, As a share of GDP, industrial manufacturing in the United States has been falling for decades. 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. In the face of severe disruption to clinical-trial research during lockdowns, trial sponsors mobilized rapidly to preserve continuity of care and data integrity—for example, by adopting remote consent and patient monitoring, videoconference assessments, and at-home phlebotomy. McKinsey’s Global Economics Intelligence executive summary for July notes strengthening global industrial activity, the return of consumer demand, and growing trade momentum amid the backdrop of a worsening pandemic wave. By 2050, more than 800 million urban residents could be affected by sea-level rise and coastal flooding. The economic ripple effects may cause a $128 billion to $188 billion loss to the US economy once these students enter the workforce. PARIS — France's coronavirus vaccine jabs — or the lack of them — may leave a mark on Emmanuel Macron's re-election campaign. 1 The initial focus of all . The creation of integrated devices combining lasers, sensors, and optics could usher in a new age of opportunity. Recommend. All the world’s a stage, but the COVID-19 pandemic has rewritten the script. No one is accusing McKinsey of wrongdoing. As some regions emerge from the worst of the health crisis, it’s tempting to think that there could be a return to focusing on just one main concern. 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. 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 related 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. Investors increasingly want their asset managers to expose them to opportunities outside of traditional asset classes and industry sectors. This week, McKinsey examined a variety of unexpected pandemic consequences and looked for ways to address them. One key finding: getting aid to those who need it is greatly bolstered by digital payment channels, a basic digital identification system used by most people, and simple data on individuals and businesses that are tethered to that digital ID. This may only be the start of greater challenges, as 22 percent of the nursing workforce reported in our Spring 2021 Future of Work in Nursing Survey that they may leave their roles providing direct patient care in the next year. Let there be no doubt: top executives confirm that their organizations are switching to hybrid for work that isn’t essential to perform on site. Pandemic price spikes and commodity cost increases are concerns for many business leaders, but for CFOs, inflation and its repercussions are calls to action. What will it take to move the transport infrastructure industry toward carbon zero? Their online course and new book make a case for why being a better leader today requires lightening up and having a few laughs. McKinsey’s experience is that dual focus on performance and organizational health leads to the most successful transformations. To the growing list of unintended pandemic consequences, add the decentralization of clinical trials. The pandemic’s devastating consequences—a half-million lives and 7.5 percent of GDP lost in 2020 alone—have created a unique moment for Europe to rethink health-resource allocation, funding, and delivery models. But many are still dependent on government support, and anxious about what comes next. Nonetheless, some of the pandemic’s side effects still have the power to surprise. Automakers and suppliers should consider significant strategic changes to head off a repeat (exhibit). US business leaders face a moral and economic imperative at the societal level: to make employer-sponsored healthcare work better for America’s workers. No one likes the idea of being duped, but our ability to persuade ourselves enables bonds and passions that logic would rule out. Manufacturing is concentrated in a handful of countries; regions without manufacturing must import the vaccine (exhibit). But for tenants, it’s not obvious how the future will play out in their office spaces, so owner/operators must take the lead, offering more flexible leasing models, redesigning layouts to accommodate hybrid work, and supplying a “wow factor.”. Our central pandemic-related analysis this week explores a possible new age of global prosperity, with high rates of economic growth and surging healthcare innovation. CPG companies must also unravel the conundrum of e-commerce, which offers a growth channel but not necessarily a profitable one. In a conversation with McKinsey, the authors discuss how nudges can help people make better choices and combat “sludge,” which are processes burdened by aggravating requirements. On the Inside the Strategy Room podcast, McKinsey experts discuss corporate boards that are engaging more deeply on broader questions of talent—far beyond just who is CEO and how much compensation they get—and company culture. Đại dịch Covid-19 đã làm gián đoạn thị trường lao động toàn cầu trong năm 2020, với hậu quả . Matt Craven is a partner in McKinsey’s Silicon Valley office; Linda Liu is a partner in the New York office, where Matt Wilson is a senior partner; and Mihir Mysore is a partner in the Houston office. 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. And in this week’s edition of the McKinsey Podcast, McKinsey experts discuss what can be done to truly decarbonize global business at scale. Women of color continue to lose ground at every step: between the entry level and the C-suite, their representation drops off by more than 75 percent. The world should take action, write partner Pooja Kumar and senior partner Navjot Singh, with support for oxygen and vaccine production and distribution. It’s natural that a challenge as unremitting as the pandemic should produce alternating hope and despair. Viral-vector gene therapy is emerging as a scientific superstar, its power demonstrated by one of the early-approved COVID-19 vaccines. Our third Author Talks features Azeem Azhar, creator of the Exponential View newsletter, on his new book, The Exponential Age: How Accelerating Technology Is Transforming Business, Politics and Society (Diversion Books, September 2021), which in the United Kingdom is titled Exponential: How to Bridge the Gap Between Technology and Society (Random House Business, September 2021). Going further to build dynamic models of the impact of different decisions and scenarios can also help states test various potential policies. Advanced industrials companies are among the world’s largest—and those most affected by the pandemic. Fintech start-ups are nipping at banking incumbents, but an active, The Fourth Industrial Revolution means that, STEM-oriented, digitally capable employees have lots of job choices these days, which is a headwind for aerospace and defense companies. The velocity of change coming out of the pandemic is generating new forms of financial and operational risk as companies grapple with inflation, capacity constraints, and supply-chain disruptions. Travel is another sector that has emerged bruised from pandemic lockdowns. But as the civil unrest of 2020 showed, it has become increasingly urgent. Our latest survey finds greater optimism about the economy and corporate prospects than at any time since the crisis began—and on a few fronts, more than in the past several years (Exhibit 2). Even amid so much change, television advertising is still relevant. Companies, McKinsey suggests, can respond in six ways, such as adopting technological tools to analyze reviews and using consumer feedback to redesign products. More than 100 million workers across the world's top eight economies may be forced to change . The most dynamic unvaccinated group is the “Cautious” category, people who may get vaccinated if their concerns can be addressed (exhibit). One critical finding was that business-model innovation was by far the most important strategic lever. These pools are formed based on similarity of skills, rather than similarity of business functions, making it easier for organizations to access the right skills when they need them (exhibit). Today, we mark the milestone with a set of new reports and articles that look ahead with considerable optimism to the second year of the pandemic. In a crisis, it’s all hands on deck. McKinsey’s road map lays out changes needed in planning, design, tender, procurement, and operations that can help the industry forge a more sustainable path forward. COVID-19 underscored how important it is to have tools that improve decision making in a crisis. As the virus spreads, the potential rises for a vaccine-resistant strain to emerge. 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. (Bloomberg) -- The rebound in consumer demand from the Covid-19 crisis looks set to be fast but uneven with those who were able to save money over the past year in a strong position to spend, according to research by McKinsey & Co. Business Outlook. Use minimal essential Mental healthcare is a key component of wellness, but the stigma that surrounds mental-health conditions often prevents sufferers from seeking treatment. In the next two decades, competition for global influence is likely to reach its highest level since the Cold War. It can be jarring to remember that less than a year ago, nobody, outside of clinical-trial volunteers, could get a shot at all. Physician employment: The path forward in the COVID-19 era. Executives everywhere are thinking about the critical next months of the pandemic. But we do not foresee a return to the previous trajectory of growth in demand. And Twilio CEO Jeff Lawson talked about how to close the communication gaps between business leaders and software developers in a conversation with senior partner Paul Roche and partner Shivam Srivastava. Once the vaccination challenge—and the pandemic itself—has been overcome, CEOs will face a new set of priorities, which our experts defined this week. The answer? - Work with the best and brightest in consulting - Opportunity to work on a variety of important problems across clients/industries - Strong emphasis on professional development - Great brand to have on the CV - Overall, fantastic place to get your feet wet professionally out of undergrad or graduate school. HR leaders believe their profession has transformed in the wake of the COVID-19 pandemic. US healthcare consumers say they gained weight, exercised less, and delayed care throughout the pandemic. We strive to provide individuals with disabilities equal access to our website. Survey: French consumer sentiment during the coronavirus crisis, Learn more about cookies, Opens in new Our new 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). They gave it an average score of five out of ten (Exhibit 1). tab, Engineering, Construction & Building Materials, McKinsey Institute for Black Economic Mobility. Ruby has 3 jobs listed on their profile. This week, McKinsey examined the global recovery in car sales and discussed with Moderna’s chief executive why developing the COVID-19 vaccine may lead to a robust era of drug discovery. The surveyed executives, from a wide range of industries, have good reason to desire a future with remote options: large numbers say it has led to increases in productivity and customer satisfaction. For a time in 2020, we stopped driving, flying, commuting. 1.Based on University of Oxford, "Our World in Data- How many tests for COVID-19 are being performed around the world?", accessed March 20, 2020. This week, McKinsey looked across industries and sectors at how knowledge—increasingly, though not exclusively, generated by advanced-analytics technology—can be used to improve the way we tackle challenges. According to our most recent US consumer research, 63 percent of respondents are cautious about the vaccines or unlikely to be vaccinated. Rising inflation is expected to fuel demand for private-label and lower-cost products. Be sure to download McKinsey’s 124-page collection Author Talks and read some of our best interviews with authors of recently published books on business and beyond. That statistic only hints at the need for retraining: research from the McKinsey Global Institute finds that more than 100 million workers in eight large economies may need to switch occupations by 2030. Please share it with your young people, and let us know what they think. Lifestyle changes continue too, with 58 percent undertaking home renovations, house moves, new financial investments, or pet adoptions. As economies reopen, many companies plan to combine remote work with time in the office to get the best mix of productivity and collaboration. Digital upends old models. Purpose. Senior partners Alexis Krivkovich and Lareina Yee dig into the details, in the latest edition of The McKinsey Podcast. Working mothers, Asian Americans, and nurses are among those whose difficulties at work and at home—which for many is now the same stressful place—could result in a retreat from their careers. Having dropped the ball on face masks and early testing, the French government is now distinguishing itself with the glacial pace of its COVID-19 vaccination drive, compared to other European countries. That future must include a plan for those, such as the unemployed, who are still stuck on pause. 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 for the digital short-list-announcement event, on September 23.
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