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Davos: Why it matters more than ever

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On Davos

In the news

•

Crises and cooperation. The 2023 theme of the World Economic Forum (WEF) annual meeting, “Cooperation in a fragmented world,” is a nod to the many challenges that the world now faces, including inflation, geopolitical tension, surging energy prices, and climate change. Top priorities for Davos delegates are the slowdown of the global economy and a potential recession. Globalization is also a chief concern. As countries and organizations reshape their supply chains, some are pulling back from countries where an adversarial relationship exists. [WaPo]

•

Potential ‘polycrisis.’ As political, environmental, and economic risks intensify, the next decade will likely be decisive for the global economy. Some experts warn that multiple threats might converge into a polycrisis, meaning that overlapping risks combine in a way that causes catastrophic effects. If leaders don’t address long-term risks such as the potential breakdown of biodiversity and extreme weather events, the world could tip into a polycrisis within the next ten years, according to a new report from the WEF. [Fortune]

The ideas and relationships forged at the 2023 annual meeting in Davos may well be the seeds of new collaborations that put a dent in otherwise intractable problems.

On McKinsey.com

•

Global challenges. In 2023, the WEF’s annual meeting is estimated to be the largest in the organization’s history. Leaders recognize that globalization needs reimagining, not rejecting, say McKinsey’s chief marketing officer Tracy Francis and senior partner Daniel Pacthod. Global trade flows remain deeply interconnected, recent research by the McKinsey Global Institute finds. No region is self-sufficient. Furthermore, today’s biggest challenges, including the energy transition and building a system in which everyone prospers, are global in nature.

•

Diversifying relationships. Reimagining globalization was one of a handful of topics McKinsey highlighted as leaders gathered last week in the alpine town of Davos. About 40% of global trade is highly concentrated, with just three or fewer nations supplying the others with a needed resource or product. As tensions mount, decision makers from government, business, and civil society can find ways to diversify, rather than detach from, trade relationships. Discover five themes that can frame forward-looking dialogues as Davos attendees address the state of the world.

View our Davos themes for 2023

— Edited by Belinda Yu, editor, Atlanta

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:41 - 25 Jan 2023

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Davos: Why it matters more than ever

On Davos

In the news

The ideas and relationships forged at the 2023 annual meeting in Davos may well be the seeds of new collaborations that put a dent in otherwise intractable problems.

On McKinsey.com

Archives

in

info@learn.odoo.com

1 ปีมีครั้งเดียว! Innovation Day: Services in the age of IoT, Thailand 2023

Mental health is only the first step: A broader approach to employee well-being

Davos: Why it matters more than ever

﻿On Davos

In the news

The ideas and relationships forged at the 2023 annual meeting in Davos may well be the seeds of new collaborations that put a dent in otherwise intractable problems.﻿

On McKinsey.com

On Davos

The ideas and relationships forged at the 2023 annual meeting in Davos may well be the seeds of new collaborations that put a dent in otherwise intractable problems.