• Digital trends show big gains and new opportunities in Europe

    the Daily read

    Explore the survey results ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    While offline activity has picked up following the end of COVID-19-related quarantines, digital adoption in Europe remains strong. As consumers, businesses, and governments deal with increasing economic and geopolitical uncertainties, a strong focus on digital will help companies become more resilient, improve efficiency, and enhance decision making. McKinsey’s third annual Digital Sentiment Survey in Europe highlights the 9 digital trends and the opportunities that lie ahead. Check it out and see why digital should reign supreme.
    — Joyce Yoo, digital editor, New York
    photo woman looking at mobile device
     
    Opportunity knocks for Europe’s digital consumer: Digital trends show big gains and new opportunities
    Despite still high digital adoption rates, our latest Digital Sentiment Survey finds that consumers are uncertain about the future. But clear opportunities for digital growth exist for companies that know where to look.
    Explore the survey results
    Quote Quote
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    “[Really] good tech companies build really good stuff. To compete with them you have to be in the game. . . . You need people who really know what they’re talking about to make really good decisions around this stuff. So, at some point, yes, you need to put the technologist in charge.”
    —Marc Andreessen of venture capital firm Andreessen Horowitz on how big companies can digitally transform in "‘Find the smartest technologist in the company and make them CEO’"
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    Nature and financial institutions in Africa: A first assessment of opportunities and risks
    Africa’s climate resilience can be strengthened by redefining its economic model to leverage natural capital and designing financial systems to redirect critical nature-based investments.
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    Americans are embracing flexible work—and they want more of it
    The American Opportunity Survey illuminates how many people are offered the option to work from home, who works flexibly, and how they feel about it.
    Dive into the data   >
    Managing financial crime risk in digital payments
    To face down the financial-crime threat, payments service providers can learn from banks while utilizing their own advanced technological skills.
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:51 - 30 Jun 2022
  • [June Update] Wow! This Remote Global Update is jam-packed with exciting news.

    [June Update] Wow! This Remote Global Update is jam-packed with exciting news.

    Hi MD,

    Wow! This Remote Global Update is jam-packed with exciting news. Read on for more about our G2 ranking (spoiler alert: we're no. 1!) our integration with AngelList Talent, new partnerships, and upcoming events. Also, don't miss the links to our on-demand Remote for Refugees webinar, and an essential 2022 Hiring Insights Report.
     

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    by "Remote" <hello@remote-comms.com> - 11:02 - 30 Jun 2022
  • Do you work from home? Striking results from our survey.

    McKinsey&Company

    Flexible work, in six charts ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    Remote-work nation
    In the news
    Office rethink. As hybrid work picks up steam in the COVID-19 era, companies are rethinking their offices. Businesses hoping to appeal to flexible workers are setting up coffee shops, adding movable walls, and investing in retreat spaces nestled in nature. To foster collaboration, one company removed 66% of its desks and rearranged its office into “neighborhoods,” each having the casual feel of a living room. As companies grapple with the rise of remote work, it’s still not clear how, exactly, the future office will function. [WaPo]
    Best of both worlds. Many CEOs praise the virtues of in-person work, believing it to support better creativity and greater productivity. But a new survey suggests that some may be overstating the role of the office in keeping workers engaged. A poll of 2,700 employees and business leaders found that hybrid workers were more likely than their nonhybrid peers to report feeling strongly connected to colleagues and leaders. They were also more likely to say that they feel productive, engaged, and happy with their job performance. [Fortune]
    When people have the chance to work flexibly, 87% of them take it. This dynamic is widespread across demographics, occupations, and geographies.
    On McKinsey.com
    What US workers want. Americans are craving flexible work, and a remarkable number of them are getting it, reveals a 2022 McKinsey survey. Nearly 60% of respondents said that they are able to work from home for at least part of the week, finds a poll of 25,000 US workers. The ability to work remotely is clearly becoming a more permanent feature of modern workplaces. To effectively compete for talent, employers may need to explore how to offer workers the flexibility they want.
    Hunting for flexible work. Employees are demanding more autonomy over where and when they work. When asked what motivated a new job search, about one in five job seekers cited the desire to work remotely. A flexible working arrangement was the third most popular reason for job hunting, behind wanting greater pay or hours and better career prospects. See what US workers had to say about working flexibly in six charts, including what type of jobs have the most remote workers, and which groups get more offers to work from home.
    — Edited by Belinda Yu   
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    by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:49 - 30 Jun 2022
  • Hear how global brand Lush took their retail experiences to the next level
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    Lush is known for their immersive retail experiences, and their focus on sustainability and innovative products. With over 900+ stores across the world, Lush needed the right creative tools to ensure they could level up their customer experiences in a way that prioritised consistency, uniting digital and physical, ultimately driving business and brand growth.

    Using their passion for innovation alongside Adobe Creative Cloud for teams, Lush made it happen with a creative solution that has kept their core business values front and centre.
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    by "Adobe" <demand@info.adobe.com> - 11:33 - 29 Jun 2022
  • Meeting the psychological needs of all employees

    the Daily read

    Recognize talent ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    Your job is a big part of your life, and the highs and lows that come with it—frustration at being micromanaged, pride from a glowing review—have a major impact on your day-to-day. People of all income levels say an interesting, rewarding job is just as important as a well-paying one, but the psychological needs of those with lower-paying jobs are less likely to be met. So what can be done to change this? Most of the improvements needed are low or no-cost, and they're likely to bump up your bottom line. Don't miss a new article on meeting the needs of all your people.
    — Sarah Skinner, digital editor, New York
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    Meet the psychological needs of your people—all your people
    Too many employers pay too little heed to the needs of the lower earners in their company. Here’s why—and how—they should shift gears.
    Recognize talent  
    Quote Quote
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    “I would say that corporate leaders globally—in a world that is increasingly more divisive—are seen as important voices around topics like purpose and social good, and topics that broaden beyond just simple corporate returns.”
    —McKinsey senior partner Vik Malhotra on the changing corporate landscape in a recent episode of the McKinsey Future of Asia Podcast
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    Now is the time to redefine management disciplines with a modern tool kit powered by technology. The organizations that embark on this journey sooner will achieve the benefits from a culture of innovation.
    Revolutionize now   >
    Power plant
    Safeguarding green steel in Europe: Facing the natural-gas challenge
    European steelmakers need to reconsider their decarbonization strategies because of rising natural-gas and electricity prices, as well as potential limitations on the natural-gas supply.
    Anticipate obstacles   >
    Are personalized vitamins the future of wellness?
    Two fast-growing vitamin companies, HUM Nutrition and Vous Vitamin, are betting on personalization. Listen to their CEOs discuss the biggest trends in consumer health and wellness.
    Make it unique   >
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:30 - 29 Jun 2022
  • Forward Thinking on war in Ukraine, inflation, and cooperation in a fractured world with Jean Pisani-Ferry

    McKinsey&Company

    Don’t be afraid ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    Jean Pisani-Ferry
    Forward Thinking on war in Ukraine, inflation, and cooperation in a fractured world with Jean Pisani-Ferry
    An eminent European economist discusses the economic challenges arising from the war in Ukraine, the spreading economic turbulence, and the need to work together to nurture global public goods.
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    by "McKinsey & Company" <publishing@email.mckinsey.com> - 04:34 - 29 Jun 2022
  • activpayroll June newsletter

    activpayroll June newsletter

    Welcome to our second quarterly newsletter of 2022, bringing you all of the latest news, insights and advice from the team at activpayroll. 
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    activpayroll Newsletter

    June 2022

    Welcome to our second quarterly newsletter of 2022, bringing you all of the latest news, insights and advice from the team at activpayroll. As always, we kick things off with a word from our Guest Editor. In this edition, it is our UK and EMEA Ongoing Operations Manager, Callum McAndrew.

    A warm welcome to our June newsletter. I’ll start by wishing our CEO Jason Allen an early happy work anniversary. Next month will mark a full year since Jason joined us at activpayroll and he has taken some time out of his busy schedule to reflect on the payroll industry, his career highlights and his love of Harley Davidsons.

    The feature on what the global crisis means for global mobility is a captivating read and very topical. With the war in Ukraine and the legacy that Covid-19 is leaving there is a lot to consider when it comes to planning for the future. If you’re working in multiple countries or looking to expand globally, the advice and observations explored by our Global Tax Director, Graham McKechnie will be invaluable.

    On a lighter note it’s great to hear how our Dubai team is flourishing and growing, it’s tempting to ask for a relocation package from Scotland to Dubai!

    Happy reading!

    Latest news

    What global crisis means for global mobility

    In the business of moving people and corporate activities from one part of the world to another, unexpected global events can put paid to even the best laid plans. In the aftermath of the Covid-19 pandemic, and the midst of an escalating war in Ukraine, it has become more important than ever for businesses to reassess their global mobility processes and ensure they plan for every eventuality.

    In this article, our Global Tax Director, Graham McKechnie, explores the impact of international crises on global mobility, offering practical advice to multinational companies on how they can better plan for the future.

    Check it out →

    Meet our CEO

    Next month marks a full year since our esteemed colleague Jason Allen took to the helm as CEO. In the last 12 months, Jason has played a key role in driving our international growth as we expand our three key pillars: global payroll, global mobility and international payments.

    (Almost!) one year on, we sat down with Jason to find out more about his background, ambitions and life outside of activpayroll. Read it here →

    Angola: New Minimum Wage and Remote Work Measures

    The government of Angola has introduced new legislation to support many of its 16.2 million workers. The measures include a new minimum wage to help manage the rising cost of living and remote working guidelines to support employees during the country’s recovery from Covid-19.

    Read the full guidelines here

    activpayroll in Dubai

    Undoubtedly one of our biggest overseas success stories is our Dubai office, which has grown from humble beginnings in 2019 to a veritable powerhouse in 2022.

    Based in Dubai’s Silver tower, our 16-strong team is now busy processing around 200 payrolls every month.

    Hear from Kimberly Morrison, Payroll Operations Manager for the Middle East, on Dubai’s rapid success and ambitious targets for 2022 →

    Updates to our Global Insights

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    This quarter, we launched a brand new insight page for Malta, as well as adding updates to Japan, Bermuda and Bahrain. We update each of our insights weekly to ensure we offer a completely up-to-date picture of each and every country we operate in. Browse the full selection here

    activpayroll is turning 21!

    In September this year, we’ll be marking 21 years since activpayroll first launched. To commemorate our coming of age, we’ll be running a whole host of celebrations; reflecting back on where it all began and reminiscing on the biggest highlights along the way.

    Stay tuned to hear more from our global team and join in on the celebrations.

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    by "Lynn Smith" <PR@activpayroll.com> - 09:55 - 29 Jun 2022
  • Support sustainable brands? Companies are driving forward to reach net zero.

    McKinsey&Company

    What game-changing companies are doing ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
    McKinsey & Company
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    Race to net zero
    In the news
    Long time coming. Corporate boardrooms’ embrace of environmental, social, and governance (ESG) investing may seem like an overnight success. It’s actually the result of 30 years of climate science, activism, and regulation. Today, boards recognize that access to capital can hinge on a solid sustainability profile. The change is evident in the proliferation of job titles such as chief sustainability officer and the efforts of boards to attract members with strong sustainability credentials. [WEF]
    Suddenly slowpokes. Although some are skeptical of the private sector’s commitment to addressing climate change, others are saying that governments are now lagging behind. Some parts of the corporate sector are getting ahead of government commitments and regulations, says the leader of a global group of financial institutions that has pledged trillions of dollars to climate finance. Policy makers need to catch up and set the rules, targets, and timetables to coordinate emission reductions. [Axios]
    “CEO and management conviction [about the net-zero transition] is running very strong…. and there’s a need to give something back.”
    On McKinsey.com
    Growing conviction. As more businesses pursue net-zero goals, the corporate ethos is changing, says Claire O’Neill, a leader of the World Business Council for Sustainable Development and former UK minister. Whether from employees demanding change or pressure from shareholders and investors, “there’s a level of conviction there that wasn’t there two years ago,” she states. As a result, companies are working to fight climate change, protect nature, and reduce inequality, O’Neill says.
    Taking action. Today the world is seeing “unprecedented business engagement” on the environment from all over the world, O’Neill says in an episode of McKinsey Global Institute’s Forward Thinking podcast. One consumer goods company in Brazil has built nature and sustainability into its product designs, working with “a suite of nature-positive materials.” Listen to the full interview for how businesses are mobilizing for sustainability and where the war in Ukraine fits into the climate challenge.
    — Edited by Katy McLaughlin   
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    by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:54 - 29 Jun 2022
  • How to fight financial crimes in digital payments

    the Daily read

    Understand the risk ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
    McKinsey & Company
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    Daily Read
    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    As consumers shift away from cash as a form of payment, digital-payment mechanisms such as cards and digital wallets are becoming increasingly popular. While electronic transactions are expanding rapidly and enjoying success, payments service providers (PSPs) face the rising threat of financial crime including tax-avoidance schemes, money laundering, consumer scams and more. What can be done to manage financial-crime risks amidst increasing regulatory scrutiny? A new article explores how PSPs can minimize these threats and what they can learn from banks and their own advanced technical knowledge. Be sure to check it out.
    — Joyce Yoo, digital editor, New York
     
    Managing financial crime risk in digital payments
    To face down the financial-crime threat, payments service providers can learn from banks while utilizing their own advanced technological skills.
    Understand the risk  
    Quote Quote
    Quote of the Day
    “There’s a little bit of an acknowledgment of how bad it [the racial disparity] is. It’s been backed up with facts. People are starting to organize and coalesce around doing something about it. But now we actually have to move to action and make sure that we’re continuing to innovate on the solutions.”
    —McKinsey senior partner Tiffany Burns on the current state of Black-owned businesses in a recent episode of the Future of America podcast
    Chart of the Day
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    Redefining the modern CEO
    COVID-19 and other recent global crises have necessitated a redefinition of the role of 21st century leaders. In this McKinsey Future of Asia Podcast episode, we explore what it takes to be an excellent CEO in today’s ever-changing and challenging global environment.
    Redefine leadership excellence  >
    Marcus Buckingham
    Author Talks: How to fall in love with work
    Out of the thousands of moments in a workday, says Marcus Buckingham, you should spend 20 percent on your most beloved areas of mastery.
    Love + work = ____   >
    ‘We want to build the healthcare ecosystem of choice’
    Over the last three years, the Zur Rose Group has been undergoing a transformation to become a true digital company. Walter Hess, the new CEO of the group, which operates healthcare platforms and online pharma­cies—among them DocMorris—explains in our interview what he has learned along the way.
    Personalize now  >
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:09 - 28 Jun 2022
  • Working moms are more burned out than ever. How can companies help?

    McKinsey&Company

    Designing the workplaces parents deserve ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    Treat your mother right
    In the news
    Making it work at home. Chores, childcare, and long hours on the job: working parents have more than ever to juggle. And alongside paid work, working moms often carry a heavier burden when it comes to managing household duties and juggling family schedules at home. How can that change? Several new apps can help with delegating tasks, but the key to a more equitable household is better communication between partners. Having regular check-ins can make it easier to ask for help and get on the same page about expectations. [WSJ]
    Burning out. More than two years into the COVID-19 pandemic, moms are still fried. A recent survey of more than 17,000 mothers found that 58% of working moms have considered quitting their jobs because of the stress of finding childcare, while 48% say they’re unhappy with the lack of flexibility and paid time off from their employers. Retaining moms in the workforce can come only with systemic change, says one senior leader at an early-childhood not for profit: “Policy makers need to put in place policies that help babies and families.” [Fortune]
    “We have to stop trying to fix the woman and instead fix the structure. If we don’t fix the structure—through paid leave, affordable childcare, flexibility—we’re never going to get to equality.”
    On McKinsey.com
    How moms show up. Women can’t participate in the workforce in a full, healthy way without affordable childcare, says Reshma Saujani, founder of Girls Who Code. Many families pay more for childcare than they pay for their mortgages, she adds. A lack of childcare unevenly affects how women and men engage in the workplace. According to a survey of more than 1,000 working parents in the US, 57% of women with kids under the age of five feel that they’re being held back professionally because of childcare duties. Only 38% of men feel the same.
    The ‘motherhood penalty.’ The pay gap isn’t actually about gender; it’s a motherhood penalty, says Saujani. Since most women don’t have paid leave, they take time away from paid work to have kids and often never recover from the loss of income. In a McKinsey Future of America podcast interview, Saujani suggests how the private sector can help families secure childcare and create policies to shift the gender imbalance of work at home. That, in turn, can help companies retain more working parents, who are often midtenure employees in key roles.
    — Edited by Christine Y. Chen   
    Sustain working moms
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    by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:35 - 28 Jun 2022
  • How current global trends are disrupting the fashion industry

    the Daily read

    Innovate plans ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    Businesses all around the world are experiencing disruptions, and those in the fashion industry are no exception. Since the release of McKinsey’s State of Fashion report in December, the war in Ukraine, rising inflation, supply chain issues, the Omicron variant, and more have introduced new challenges. How are the top-performing fashion suppliers and brands responding to these disruptions, and what can the rest of the industry learn from them? Tune into a new episode of The McKinsey Podcast and get informed about how to navigate these challenging times.
    — Katherine Tam, digital editor, New York
    Image of two women shopping for clothes
     
    How current global trends are disrupting the fashion industry
    Fashion suppliers and brands, like other companies, are facing significant economic and geopolitical challenges. Here’s what they can do to adapt and thrive.
    Innovate plans
    Quote Quote
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    “When you’re in love with another human, it makes you feel safe, it makes you feel inquisitive, and it makes you feel uplifted. It’s the same cocktail when you’re doing something that you love.”
    —Marcus Buckingham, a motivational speaker and business consultant, on the relationship between love and work in a recent Author Talks interview
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    Wake up and see the women: Wealth management’s underserved segment
    As more assets in Western Europe shift into the hands of women, wealth managers need to understand the investment needs and behaviors of this large—but as yet underserved—group of investors.
    Take note  >
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    Building Black-owned brands to accelerate prosperity
    Black-owned businesses are crucial to America’s long-term prosperity, but they face long-time challenges. How can McKinsey’s Next 1B accelerator help create a more inclusive environment for Black entrepreneurs?
    Strength in numbers >
    Image of green lawn at Central Park and Manhattan skyline
    Proposed climate rule signals new era for real estate
    The SEC’s draft regulation would require all public companies to disclose emissions and risks related to their real estate. Here’s why the real-estate industry should move preemptively.
    Be prepared  >
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:28 - 27 Jun 2022
  • Weekly Sumo Logic Usage Report for Learn Odoo

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    by customer-success@sumologic.com - 01:32 - 27 Jun 2022
  • Remote ranked no. 1 in the G2 Multi-Country Payroll Category!

    Remote ranked no. 1 in the G2 Multi-Country Payroll Category!

    Apologies, we now fixed the link!

    Hello MD,

    We have some amazing news to share with you: Remote has been recognized as a leader and is ranked first in the G2 Multi-Country Payroll Summer Report 2022!

     

    We are grateful and delighted to receive this recognition from G2, the world’s largest and most trusted tech marketplace.


    We want to give a big thank you to all our amazing customers for their trust and support, and for leaving their reviews, scores, and feedback for Remote on G2.

     

    Ranking highlights:

    • 95% for ease of use
    • 95% for governance
    • 94% for quality of support
    • 93% of users rated us 4 or 5 stars
    • 93% for ease of setup

    What our customers are saying:

     

    Remote are doing what others have attempted to do for so long, simplify and make the processing of Employer of Record services easy.” - General Manager, Compliance & Data Protection Officer

     

    No third party partners, Remote only serves countries (a lot!) where they do have a local presence. No more dealing with multiple entities. Extremely reliable, personal and prompt customer support. Easy and well designed web interface. - Administrator in Computer Services

    See how Remote helps global businesses grow.

    FEEL CLOSER, GROW FURTHER REQUEST A DEMO

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    by "Remote" <hello@remote-comms.com> - 12:48 - 27 Jun 2022
  • Remote ranked no. 1 in the G2 Multi-Country Payroll Summer Report 2022 🏅

    Remote ranked no. 1 in the G2 Multi-Country Payroll Summer Report 2022 🏅

    Hello MD,

    We have some amazing news to share with you: Remote has been recognized as a leader and is ranked first in the G2 Multi-Country Payroll Summer Report 2022!

     

    We are grateful and delighted to receive this recognition from G2, the world’s largest and most trusted tech marketplace.


    We want to give a big thank you to all our amazing customers for their trust and support, and for leaving their reviews, scores, and feedback for Remote on G2.

     

    Ranking highlights:

    • 95% for ease of use
    • 95% for governance
    • 94% for quality of support
    • 93% of users rated us 4 or 5 stars
    • 93% for ease of setup

    What our customers are saying:

     

    Remote are doing what others have attempted to do for so long, simplify and make the processing of Employer of Record services easy.” - General Manager, Compliance & Data Protection Officer

     

    No third party partners, Remote only serves countries (a lot!) where they do have a local presence. No more dealing with multiple entities. Extremely reliable, personal and prompt customer support. Easy and well designed web interface. - Administrator in Computer Services

    See how Remote helps global businesses grow.

    FEEL CLOSER, GROW FURTHER REQUEST A DEMO

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    by "Remote" <hello@remote-comms.com> - 11:04 - 27 Jun 2022
  • Managing in the metaverse: A leader’s guide

    Leading Off

    Mind games ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    Leading Off
    ESSENTIALS FOR LEADERS AND THOSE THEY LEAD
    Most of us know that the metaverse is a virtual world, but we may not have imagined the extent of its possibilities. As tech leaders envision it, the metaverse is an immersive, shared, and secure 3-D digital space where your avatar—a digital representation of yourself—can shop, play, learn, work out, attend virtual business meetings, trade digital currencies, and conduct other activities just as you would in real life. Moving beyond its origins in gaming, the metaverse has already captured the interest of sectors such as fashion, art, and music and is projected to generate up to $5 trillion in value by 2030. Given its potential, leaders can’t ignore the metaverse, but they may be challenged to understand its impact on their organizations and what strategies—if any—they should adopt to capitalize on it. This week, let’s explore some actions to take and trends to keep an eye on.
    AN IDEA
    Illustration of Cathy Hackl
    Distinguish between hype and reality
    “We definitely have to admit that there is hype,” says tech futurist Cathy Hackl in this McKinsey podcast on what the metaverse means for business. But the metaverse has many genuine business applications as well: for example, two of its underlying technologies, virtual reality (VR) and augmented reality (AR), serve as valuable tools for skills development in sectors such as healthcare and manufacturing. In the coming years, immersive workplaces will transform the way we work, lead, and collaborate—you could, for instance, send your avatar to a virtual meeting instead of attending it yourself. This will require companies that have just a marginal presence in the metaverse to consider a more holistic approach. A critical first step is to invest in the right talent. Leaders may want to begin by building teams with experience in technologies such as VR and AR. “If you think we currently have a talent war, just wait,” Hackl cautions. “It’s about to get a lot harder.”
    A BIG NUMBER
    That’s the average number of hours American consumers expect to spend in the metaverse every day within the next five years, countering the myth that the metaverse is a fad. Brands can prepare for this by creating a metaverse strategy based on their perceptions of the level of adoption, opportunity, and investment required. For example, a “waiter” might hold off until the technology investment seemed worthwhile; a “fast mover” would begin investing in creators, technical experts, and partnerships; and a “shaper” would bet on a heavy investment to yield new business models and growth opportunities.
    Quote Quote
    A QUOTE
    “Within the next two or three years, I predict most virtual meetings will move from 2-D camera image grids—which I call the Hollywood Squares model, although I know that probably dates me—to the metaverse, a 3-D space with digital avatars.”
    That’s Bill Gates in his 2021 year-end blog, in which the former Microsoft leader describes a metaverse-based workplace as one that captures the feel of the real world. Avatars would meet in a virtual space and interact by using technologies such as VR goggles and motion-capture gloves that could capture facial expressions, voice quality, and body language. And spatial audio technology, which creates a surround-sound environment, would enable speech to sound as if it were coming from the direction of the person talking rather than from a computer’s speaker. “We’re approaching a threshold where the technology begins to truly replicate the experience of being together in the office,” says Gates.
    A SPOTLIGHT INTERVIEW
    Illustration of Matthew Ball
    As the metaverse begins to transform the global economy, it will inevitably raise issues of privacy, ethics, security, and governance. A virtual system based on the collaborative model of global trade may help resolve some of these challenges, says metaverse expert and author Matthew Ball in this McKinsey podcast on how organizations and people can shape the metaverse responsibly. But a proliferation of 3-D digital spaces—with their ability to simulate real-life situations—can also accelerate “abuse, harassment, radicalization, and misinformation,” warns Ball. “I don’t think we’re very far in solving those problems. . . . It’s going to get a lot harder and scarier, frankly.”
    GAMES PEOPLE PLAY
    Illustration of a digital shopping center
    Whether or not you like games, playing them is the best way to experience what living and working in the metaverse might feel like and to make informed decisions about potential opportunities for your organization. Consider exploring Roblox, Fortnite, Minecraft, Decentraland, or similar gaming platforms, and try out VR and AR headsets if possible. Also check out Second Life, a virtual world launched nearly 20 years ago but perhaps coming closest to today’s concept of the metaverse: in this 3-D digital space, user-created avatars conduct real-life activities such as traveling, buying clothes and property, watching movies, or even having weddings. Not surprisingly, Second Life is making a comeback as the world that it pioneered gains momentum.
    Lead digitally.
    — Edited by Rama Ramaswami, a senior editor in McKinsey’s Stamford, Connecticut, office
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    by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:54 - 27 Jun 2022
  • What exactly is the metaverse? Leading brands are rewriting the rules of marketing.

    McKinsey&Company

    Why the metaverse is here to stay ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    Marketing in the metaverse
    In the news
    Fashion forward. When it comes to innovating in the metaverse, luxury brands are known for bold experimentation. But creativity is flourishing on the other end of the retail scale too. Teen brands are reaping rewards on platforms where they sell virtual accessories, such as digital black beanies, to young consumers who are increasingly spending more time in the metaverse. One recent campaign encouraged people to twin with their avatars by dressing identically in real life and posting pictures online, leading to ten times more social-media engagement than usual. [Vogue Business]
    Get your groove on. What do you do if you work with one of the hottest bands the world has ever known and a global pandemic shuts down live performances? If you’re the company behind one K-pop megaband, you go virtual. The South Korean entertainment company lost 98% of its sales from its live-concert business in 2020 when tours were canceled, but it quickly pivoted to virtual-reality concerts. With digital performances costing much less than live shows to produce, its total 2020 revenues and operating profit still increased by more than 33%. [FT]
    Now is the right time to adopt a test-and-learn mindset, to be open to experiments in the metaverse, and to move on quickly from failure and capitalize on success.
    On McKinsey.com
    Meta-what? No one can seem to agree on a single definition of what exactly the metaverse is. But there is consensus about its characteristics: immersive and real-time environments that span both virtual and physical worlds, encompass multiple platforms, are powered by a virtual economy, and enable virtual identities. The metaverse is an evolution beyond today’s internet—and it provides marketers with innovative ways to reach consumers.
    Nothing ventured, nothing gained. Although the metaverse is still nascent, there are already lessons to be learned from brands who have journeyed forth early on to see what works and what doesn’t. Companies should define their marketing goals, figure out which metaverse platforms are the best fit for their brands, partner smartly, appeal to their target audiences, and rethink how they define success. Most of all, they shouldn’t be afraid to experiment. See six reasons why the metaverse is here to stay.
    — Edited by Christine Y. Chen   
    Understand the metaverse
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    by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:25 - 27 Jun 2022
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  • The week in charts

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    War in Ukraine and the net-zero transition, resilient organizations, and more ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    The Week in Charts
    ALL THE WEEK’S DATA THAT'S FIT TO VISUALIZE
    Our Charting the path to the next normal series offers a daily chart that helps explain a changing world—as we strive for sustainable, inclusive growth. In case you missed them, this week’s graphics explored the effects of the war in Ukraine on global trade and the net-zero transition, resilient organizations, the industrial revolution in services, the well-being of frontline workers, and what it’ll take for electric vehicles to go mainstream.
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    by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:52 - 25 Jun 2022
  • What are you reading this summer?

    Readers & Leaders

    Plus, this month’s business bestsellers ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
    Readers & Leaders
    Readers & Leaders

    THIS MONTH'S PAGE-TURNERS ON BUSINESS AND BEYOND

    When ticket prices foil your summer getaway plans, where do you turn to escape? If it’s toward a good book, we want to know which one. Email us at newideas@mckinsey.com to let us know what’s on your bookshelf, and we’ll let you know what’s on ours (stay tuned for our annual summer reading list, coming soon). Need some inspiration for your new favorite read? Catch up on this month’s Author Talks, which covers business strategies for the digital age, achieving financial independence by 40, and much more. Don’t miss an interview with Robert Samuels and Toluse Olorunnipa, authors of the long-awaited biography, His Name Is George Floyd, plus this month’s bestselling business books, prepared exclusively for McKinsey by NPD BookScan. Itching for more good reads? Check out McKinsey on Books for the latest, and to get Readers & Leaders in your inbox monthly, click here to subscribe.

    AUTHOR TALKS

    George Floyd was unique in his spirit, but not in his condition, say Robert Samuels and Toluse Olorunnipa, co-authors of His Name Is George Floyd: One Man’s Life and the Struggle for Racial Justice (Viking, May 2022). In a recent edition of Author Talks, the Washington Post journalists break down how the societal structures that oppressed Floyd continue to impact Black men and women in America—from public education and healthcare to the criminal justice system and beyond.

    “George Floyd was suffocating for decades in America as a result of various institutions that we all play a role in upholding, we all play a role in defending, and we all play a role in constructing. … It is incumbent upon policy makers—and all of us, as Americans—to think about how we improve those systems and make sure that people who are like George Floyd aren’t left behind the way he was by a number of systems.” —Toluse Olorunnipa. Watch the full interview.

    Quote

    IT BEARS REPEATING

    Julien Saunders, co-author with Kiersten Saunders of Cashing Out: Win the Wealth Game by Walking Away, in a recent edition of Author Talks.

    IN CASE YOU MISSED IT

    Roger Martin explores fresh frameworks for business management: “I think it’s a myth that you can design a strategy that will for sure work in the future. … It unfolds as it will. So all strategy can do is improve your odds or shorten your odds.” Watch the full interview.

    Tsedal Neeley says not to fear a robot takeover: “For far too long we’ve worried: Will machines replace us? Is automation going to be the end of many of our careers? But the reality we’re seeing years into this digital ecosystem, or digital context, is that people who have a digital mindset will be the ones who will be leading the way, compared to people without a digital mindset.” Watch the full interview.

    Dr. Jenny Wang shines a light on America’s ‘invisible race’: “As Asian Americans … it’s been said that we are people who, due to our proximity to Whiteness, have kind of bought into this idea that our race didn’t matter, that if we just worked hard enough and if our competency was sufficient, then we wouldn’t be judged by our race. Over the course of the pandemic, we realized that was not true.” Watch the full interview.

    Kathryn Finney explains how she succeeded in entrepreneurship without compromising her values: “Having been in the start-up community for a while, there’s this belief that you have to be a jerk or you have to be a certain type of person to be successful in this space. I don’t believe that at all. I think you can be brilliant at your work, but you can be a good person, too.” Watch the full interview.

    Daniel Coyle distills cooperation tactics from the world’s top teams into actionable insights for company culture: “A Navy SEAL commander named Dave Cooper told me the four most important words any leader can say are, ‘I screwed that up,’ which is really, really powerful, because it gives people permission to tell the truth.” Watch the full interview.

    Marcus Buckingham argues that love and work can—and should—go hand in hand: “When you’re in love with another human, it makes you feel safe, it makes you feel inquisitive, and it makes you feel uplifted. It’s the same cocktail when you’re doing something that you love.” Watch the full interview.

    BUSINESS BESTSELLERS TOP

    8

    Water, SPF, and a good book. Hit the beach with the top business bestsellers in eight categories, prepared exclusively for McKinsey by NPD BookScan. Explore the full lists on McKinsey on Books.

    BUSINESS OVERALL

    BUSINESS HARDCOVER

    DECISION MAKING

    Blink: The Power of Thinking Without Thinking by Malcolm Gladwell (Hachette Book Group)

    ECONOMICS

    Basic Economics: A Common Sense Guide to the Economy by Thomas Sowell (Hachette Book Group)

    ORGANIZATIONAL BEHAVIOR

    WORKPLACE CULTURE

    DIVERSITY & INCLUSION

    SUSTAINABILITY

    Net Positive: How Courageous Companies Thrive by Giving More Than They Take by Paul Polman and Andrew Winston (Harvard Business Review Press)

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    by "McKinsey Readers & Leaders" <publishing@email.mckinsey.com> - 11:10 - 25 Jun 2022