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Re: PRODUCT INQUIRY
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I am Ana Sofia from ACCIONA S A GROUPS in Spain. We wish to place a new Order. Can you have someone in the procurement department write us in return mail? Kindly advise your ETD if the order is sent to you early next week. I will have to forward our PO and specification immediately to place a trial order after confirmation.
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by "Ana Sofia" <g.galletti@bioside.it> - 08:58 - 10 Jul 2024 -
How do top companies build superpowered capabilities?
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6 elements of success —Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey" <publishing@email.mckinsey.com> - 01:38 - 10 Jul 2024 -
Re: PRODUCT ORDER
Dear Sir/Madam,I am Giulia Galletti, the Export manager at Bioside Group Ltd. Italy.We have gone through your products on your website and from our gathering I think we would be able to order your product .
We want to make an urgent order from the products found on your website.
Can you send your company catalogs to us with your best price so we can prepare our order asap.
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by "Giulia Galletti" <g.galletti@bioside.it> - 12:24 - 10 Jul 2024 -
What does it take to achieve a successful transformation?
Only McKinsey
4 areas to prioritize •
Elements of success. Many organizations undertake large-scale transformations only to end up with lackluster long-term results. Three core elements can turn bold ideas into trajectory-changing outcomes, McKinsey senior partner Seth Goldstrom and coauthors share. The elements are quantifying goals, engaging the broader organization to achieve those goals—which may require a genuine level of discomfort with where things currently are—and holding teams accountable.
•
The importance of teamwork. Strong teams help launch successful transformations. Giving these teams opportunities to build new skills—and tools to regularly apply them—boosts the odds of a transformation’s success. A 2023 McKinsey survey found that organizations that provided tools to support workers in using new skills were 3.8 times more likely to outperform their peers. View our latest McKinsey Quarterly Five Fifty to see four areas to focus on in a transformation and the potential benefits of pursuing each.
—Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey" <publishing@email.mckinsey.com> - 11:05 - 8 Jul 2024 -
RE: Seeking for Argentine agent
Dear agent,
Greeting from Celia and GLA family.
Does your company provide global Sea & Air freight services recently?
I sincerely invite you to join GLA platform and cover the increasing request from/to Argentina from our GLA members.
Above 75% of GLA Members are first-class agents with wide range of primary resources. GLA fulfills all your needs in terms of finding reliable agents or getting huge volume of inquiries from/to your area. Have you ever tried to experience GLA Global Logistics Network for your business development and resources integration?
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by "Celia Lee" <member358@glafamily.com> - 10:20 - 8 Jul 2024 -
Final Call: Unlock the US Market - Webinar Tomorrow
Final Call: Unlock the US Market - Webinar Tomorrow
Last chance to join our webinar on US expansion. Register today!Hi MD,
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 07:20 - 8 Jul 2024 -
Winning the consumer of the future: A leader’s guide
Leading Off
The customer’s always right Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
When it comes to shoppers in 2024, many long-held truisms about consumer behavior are being upended. Older customers are splurging while also exploring new brands; younger consumers in Asia and the Middle East are more likely to opt for higher-priced brands than their peers in developed economies. In their “State of the Consumer 2024” article, McKinsey’s Christina Adams, Kari Alldredge, and Sajal Kohli say consumer companies must take a detailed, nuanced approach to understanding what shoppers across age groups and geographies really want. How can these businesses make sense of the current moment? One imperative is building their microtargeting capabilities. Companies can use consumer data to fine-tune their outreach to specific segments—yes, generative AI (gen AI) can help—and provide personalized experiences to encourage loyalty. Also on the to-do list: investing in the development of wellness products, engaging more meaningfully with consumers on social and digital channels, and offering premium products in the categories where consumers are likely to splurge.
That’s the share of Gen Z consumers in Europe that plan to splurge during the summer months. In their latest ConsumerWise research on consumer sentiment in Europe, senior partner Jessica Moulton and colleagues found that Gen Zers are the most likely age group to say they will make more expensive purchases this summer—and more likely than others to plan to splurge on apparel. And somewhat to the contrary, Gen Zers are also more likely than other groups (millennials, Gen Xers, and baby boomers) to report trading down to lower-priced brands or retailers in recent months.
That’s McKinsey senior partner Becca Coggins on the importance of meeting customers wherever they, and their needs, are. Along with partner Steven Begley, Coggins unpacks the massive changes under way in the retail industry and points to what retail companies can do to succeed. One suggestion: seek a greater “share of life”—that is, creating new reasons and opportunities for a consumer to incorporate a company into their day-to-day lives. Increasingly, two concepts that are working well are subscription and membership models, but Coggins says some retailers are already going further. “Those companies are saying, ‘This is not about a category. It’s about the relationship we have with the consumer—and we can extend that relationship into automotive services, into travel. We can extend it into categories that are beyond the four walls of our store.’”
“Optichanneling.” “Webrooming.” “Humbitious.” These are just some of the newfangled words that the authors of Redefining Retail: 10 Guiding Principles for a Post-Digital World use to explain retail’s current, disruption-filled moment. Philip Kotler, professor emeritus of marketing at Northwestern University’s Kellogg School of Management, and Giuseppe Stigliano, global CEO of Spring Studios, say the industry is in the midst of an “exponential transformation, rather than an evolution.” In their research for the book, Kotler and Stigliano found that retailers and experts agree on the problems at hand, but the plans to solve them vary greatly—in no small part because different industries, geographies, and consumer segments have different needs and preferences. While the authors say there are no one-size-fits-all solutions for retail, they assert that understanding the customer is an essential starting point. Other words of wisdom for retailers: get a firm grasp on the financial implications of the investments made to reach your customers and optimize the mix of channels where consumers can reach you, in the ways that suit best, rather than an omnichannel approach that may induce decision paralysis.
When people think of aging gracefully, foot health may not be the first thing that comes to mind. Yet a recent study of adults 65 and older found that stronger feet support better overall strength and mobility and can even reduce the risk of falls. Luckily, there’s a product for that: the toe spacer, a humble item that’s having a moment with consumers of all ages and levels of athleticism, including the pros. With healthy aging and longevity on this year’s list of wellness trends to watch, it’s never too late for a new flex.
Lead by putting customers first.
— Edited by Daniella Seiler, executive editor, Washington, DC
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 04:45 - 8 Jul 2024 -
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by cwalton@1-stopsolutions.com - 03:46 - 8 Jul 2024 -
What can manufacturers do to attract and retain Gen Z workers?
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Security, respect, and making a difference Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
•
Meaning, not money. Gen Z workers say they are open to manufacturing jobs, but many who try the work end up leaving. To attract and retain them, manufacturers need to rethink their approach to talent development, say McKinsey senior partner Fernando Perez and coauthors. Unlike older workers, who typically see pay as the most important factor for taking a job, Gen Z workers prioritize meaningful work, job flexibility, and relationships with coworkers.
—Edited by Jana Zabkova, senior editor, New York
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by "Only McKinsey" <publishing@email.mckinsey.com> - 01:42 - 8 Jul 2024 -
Help wanted? Help needed: Labor market challenges
4 scenarios for growth by 2030 Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
New from McKinsey & Company
As advanced economies around the world emerged from the 2008 financial crisis, they began an arduous journey toward protracted recovery. Today, labor markets in these advanced economies are still among the tightest in two decades, with the number of job vacancies per unemployed person having increased by more than four times on average by 2023.
How does labor tightness affect economic productivity and output? In this data-driven report by the McKinsey Global Institute, senior partner Olivia White and coauthors say that “GDP in 2023 could have been 0.5 percent to 1.5 percent higher across these economies if employers had been able to fill their excess job vacancies.” What’s more, since 2010, countries that have increased GDP fastest have done so primarily by adding more jobs rather than by tackling the harder job of improving productivity. Now, to maintain their current level of growth, advanced economies will need to find ways to both expand the workforce and boost productivity.
To be better prepared for the future, explore these insights to learn more about labor market tightness and the productivity imperative.MORE FROM MCKINSEY
To see more essential reading on topics that matter, visit McKinsey Themes.
— Edited by Esther Chung, editor, Atlanta
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by "ByteByteGo" <bytebytego@substack.com> - 03:46 - 7 Jul 2024 -
The week in charts
The Week in Charts
Interest rate derivatives, increasing productivity with AI, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:14 - 6 Jul 2024 -
EP119: What do Amazon, Netflix, and Uber have in common?
EP119: What do Amazon, Netflix, and Uber have in common?
This week’s system design refresher: 7 Must-know Strategies to Scale Your Database (Youtube video) What do Amazon, Netflix, and Uber have in common? 100X Postgres Scaling at Figma Best ways to test system functionality SPONSOR US Monitor AI Applications Built with NVIDIA NIM (Sponsored)͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ Forwarded this email? Subscribe here for moreThis week’s system design refresher:
7 Must-know Strategies to Scale Your Database (Youtube video)
What do Amazon, Netflix, and Uber have in common?
100X Postgres Scaling at Figma
Best ways to test system functionality
SPONSOR US
Monitor AI Applications Built with NVIDIA NIM (Sponsored)
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7 Must-know Strategies to Scale Your Database
What do Amazon, Netflix, and Uber have in common?
They are extremely good at scaling their system whenever needed.
Here are 8 must-know strategies to scale your system.
Stateless Services
Design stateless services because they don’t rely on server-specific data and are easier to scale.Horizontal Scaling
Add more servers so that the workload can be shared.Load Balancing
Use a load balancer to distribute incoming requests evenly across multiple servers.Auto Scaling
Implement auto-scaling policies to adjust resources based on real-time traffic.Caching
Use caching to reduce the load on the database and handle repetitive requests at scale.Database Replication
Replicate data across multiple nodes to scale the read operations while improving redundancy.Database Sharding
Distribute data across multiple instances to scale the writes as well as reads.Async Processing
Move time-consuming and resource-intensive tasks to background workers using async processing to scale out new requests.
Over to you: Which other strategies have you used?
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100X Postgres Scaling at Figma
With 3 million monthly users, Figma’s user base has increased by 200% since 2018.
As a result, its Postgres database witnessed a whopping 100X growth.
Vertical Scaling and Replication
Figma used a single, large Amazon RDS database.
As a first step, they upgraded to the largest instance available (from r5.12xlarge to r5.24xlarge).
They also created multiple read replicas to scale read traffic and added PgBouncer as a connection pooler to limit the impact of a growing number of connections.Vertical Partitioning
The next step was vertical partitioning.
They migrated high-traffic tables like “Figma Files” and “Organizations” into their separate databases.
Multiple PgBouncer instances were used to manage the connections for these separate databases.Horizontal Partitioning
Over time, some tables crossed several terabytes of data and billions of rows.
Postgres Vacuum became an issue and max IOPS exceeded the limits of Amazon RDS at the time.
To solve this, Figma implemented horizontal partitioning by splitting large tables across multiple physical databases.
A new DBProxy service was built to handle routing and query execution.
Over to you - Would you have done something differently?
Best ways to test system functionality
Testing system functionality is a crucial step in software development and engineering processes.
It ensures that a system or software application performs as expected, meets user requirements, and operates reliably.Here we delve into the best ways:
Unit Testing: Ensures individual code components work correctly in isolation.
Integration Testing: Verifies that different system parts function seamlessly together.
System Testing: Assesses the entire system's compliance with user requirements and performance.
Load Testing: Tests a system's ability to handle high workloads and identifies performance issues.
Error Testing: Evaluates how the software handles invalid inputs and error conditions.
Test Automation: Automates test case execution for efficiency, repeatability, and error reduction.
Over to you:
How do you approach testing system functionality in your software development or engineering projects?
What's your company's release process look like?
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by "ByteByteGo" <bytebytego@substack.com> - 11:35 - 6 Jul 2024 -
The revolutionary potential of gen AI
Plus, 9 trends defining the global consumer market Generative AI (gen AI) has the potential to profoundly alter our professional and personal lives, says Silicon Valley pioneer Reid Hoffman, who chatted with McKinsey’s Lareina Yee for a new episode of the At the Edge podcast. In this month’s featured story, Hoffman explains why he envisions the technology as not only a tool for individual tasks but also one that enhances collective team effectiveness, optimizes workflows, and facilitates decision making within organizations. Other highlights in this month’s issue include the following topics:
•
the nine trends defining the global consumer market
•
why leaders should strive to lead from the “inside out”
•
the state of labor markets in advanced economies
•
how leading companies build distinctive capabilities
State of the Consumer 2024: What’s now and what’s next
Amid massive shifts in the consumer landscape, companies can’t afford to rely on yesterday’s consumer insights. Here are nine trends that merit close attention.
Delve into the 9 trendsThe ‘inside out’ leadership journey: How personal growth creates the path to success
In a new book, four McKinsey senior partners show why leaders must connect with themselves first before they can inspire and empower their organizations.
Embrace the human side of leadershipHelp wanted: Charting the challenge of tight labor markets in advanced economies
For almost two decades, labor markets across advanced economies have tightened—and the trend is set to continue. This article provides a data-driven look via charts to understand the implications.
Grow the supply-side pieBuilding a superpower: What can we learn from the Magnificent Seven?
A distinctive capability can lift a company’s performance. But it’s not easy to build one. Here’s a guide to how today’s stock market favorites have created enduring competitive advantages.
Build enduring capabilitiesWhat it takes to create a winning transformation
Successful organizations move a transformation from ambition to action. Here’s what it takes.
Get your briefingKeep calm and allocate capital: Six process improvements
The most effective resource allocation processes are radically simple.
Turn strategy into actionMcKinsey Explainers
Find direct answers to complex questions, backed by McKinsey’s expert insights.
Learn moreMcKinsey Themes
Browse our essential reading on the topics that matter.
Get up to speedMcKinsey on Books
Explore this month’s best-selling business books prepared exclusively for McKinsey Publishing by Circana.
See the listsMcKinsey Chart of the Day
See our daily chart that helps explain a changing world—as we strive for sustainable, inclusive growth.
Dive inMcKinsey Classics
To learn how to shift your mindset in service of stronger, more purposeful leadership, read Johanne Lavoie’s 2014 classic, “Lead at your best.”
RewindThe CEO Shortlist
—Edited by Eleni Kostopoulos, managing editor, New York
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by "McKinsey Highlights" <publishing@email.mckinsey.com> - 11:09 - 6 Jul 2024 -
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Inside Coty’s makeover, the secret sauce behind productivity, gen AI in credit risk, and more: The Daily Read Weekender
Slide into the weekend with these reads Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
QUOTE OF THE DAY
chart of the day
Ready to unwind?
—Edited by Joyce Yoo, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 12:26 - 5 Jul 2024 -
How can Europe revive its competitiveness?
Only McKinsey
Comparing European and US investment Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
•
Declining investment. Investment is the lifeblood of competitiveness and productivity. From 1997 to 2022, investment in capital accounted for 70 to 80% of productivity growth across regions. After the global financial crisis, net investment fell precipitously in Europe, and it remains down by about €550 billion a year. That could put Europe’s prosperity, way of life, and place in the world at risk, McKinsey Global Institute chair Sven Smit and coauthors reveal.
—Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey" <publishing@email.mckinsey.com> - 11:06 - 4 Jul 2024 -
A Crash Course in Database Scaling Strategies
A Crash Course in Database Scaling Strategies
Databases form the backbone of modern application development. They play a vital role in storing, managing, and retrieving data, enabling applications and services to function effectively. As applications gain popularity and attract a growing user base, databases face the challenge of handling ever-increasing data volumes, concurrent users, and complex queries.͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ Forwarded this email? Subscribe here for moreLatest articles
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Databases form the backbone of modern application development. They play a vital role in storing, managing, and retrieving data, enabling applications and services to function effectively.
As applications gain popularity and attract a growing user base, databases face the challenge of handling ever-increasing data volumes, concurrent users, and complex queries.
It becomes critical to scale databases effectively to ensure optimal performance and a good user experience.
Database scaling is the process of adapting and expanding the database infrastructure to accommodate growth and maintain performance under increased load. It involves employing various techniques and strategies to distribute data efficiently, optimize query execution, and utilize hardware resources judiciously.
Organizations and developers must understand and implement the right database scaling strategy. Choosing the wrong strategies for a particular situation can result in more harm than good.
In this post, we will cover the most popular database scaling strategies in detail, discussing their benefits and trade-offs.
Indexing
Indexing is one of the foundational techniques to enhance the scalability and performance of databases. ...
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by "ByteByteGo" <bytebytego@substack.com> - 11:36 - 4 Jul 2024 -
Are you ready to accelerate your API platform maturity?
Are you ready to accelerate your API platform maturity?
Join our webinar for a real-time walkthrough of how a Fortune 500 company used the model to assess and accelerate its platform maturity.Hi Md Abul,
Tyk’s API platform maturity model is a transformative tool for organizations navigating the complexities of modern API ecosystems. Let us show you how!
Join our webinar on 25th July for a real-time walkthrough of how a Fortune 500 company used the model to assess and accelerate its platform maturity. Then we’ll explain how you can do the same:
- Gain practical insights into accelerating API platform maturity
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You can apply these insights and tips in any sector – we’ll show you how.
If you’re ready to understand and accelerate your organization’s API platform maturity, register for our webinar now.
📅 Date: 25th July 2024
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Get up to speed on the API platform maturity modelSee you soon,
Budha & teamTyk, 87a Worship Street, London, City of London EC2A 2BE, United Kingdom, +44 (0)20 3409 1911
by "Budhaditya Bhattacharya" <budha@tyk.io> - 06:00 - 4 Jul 2024