Harmony Internal - McKinsey
Embrace the change
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Edited by Joyce Yoo
Digital Editor, New York |
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Did you know that manufacturing accounts for $2.3 trillion in GDP and employs 12 million people in the United States? While growth in manufacturing has fallen in the US in recent decades, some recent trends show the potential for a resurgence. An effective transformation of the US manufacturing economy could add up to 1.5 million jobs and boost the US GDP by $275 billion, according to analysis by the McKinsey Global Institute. So what will it take to reinvent the sector and unlock opportunities? Eric Chewning, Mike Doheny, Anu Madgavkar, Asutosh Padhi, and their coauthors explore the changing landscape of manufacturing and how US companies can successfully overhaul their position in the market in a new article. And for more insights on the future of the American economy, be sure to check out the upcoming book, The Titanium Economy by McKinsey authors Asutosh Padhi, Gaurav Batra, and Nick Santhanam.
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—Understand the importance of managing risks in "Creating a technology risk and cyber risk appetite framework" |
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