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Global connections are reconfiguring. Which trade flows propel global integration?
On Point
Three areas to reimagine trade flows Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:42 - 20 Jan 2023 -
2023, a testing year: Will the macro-scenario range widen or narrow?
Harmony Internal - McKinsey
Set your priorities Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
2022 was undoubtedly a volatile year with heightened geopolitical tensions, inflation, interest rates, and labor market imbalances dominating the business environment—and it is no surprise that resilience and globalization are among the major themes being discussed at the World Economic Forum’s annual meeting at Davos this week. Will 2023 be a fresh start for business leaders? In a new article, McKinsey leaders including Michael Birshan, Ezra Greenberg, Homayoun Hatami, Ida Kristensen, María del Mar Martínez Márquez, Asutosh Padhi, Sven Smit, and Andy West, share various macroeconomic scenarios, considering both favorable and not-so-favorable outcomes for 2023 and beyond that will largely determine what we can expect in the global economy this year. Get perspective on the opportunities and risks and be prepared for the year ahead.
Quote of the day
—McKinsey senior adviser Richard Mayfield on opportunities amid disruption in retail and beyond in “Beyond retail: Why retailers should think ‘services’ and ‘ecosystems’”
Chart of the day
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— Edited by Joyce Yoo, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:23 - 19 Jan 2023 -
How to combat one of humanity’s biggest challenges
Harmony Internal - McKinsey
Progress is possible New from McKinsey & Company
In 2000, about 1.1 billion people lived in 10,600 microregions where life spans were short and GDP per capita low—both variables in the bottom 30 percent of the world. How did those places evolve over the last 20 years? Which ones transitioned to greater prosperity and well-being and which ones did not? And where can companies uncover hidden opportunities to deliver products, possible locations for operations, and new pools of prospective consumers and employees—while advancing human development? To find out, check out The last frontier: Development where it is needed most, Chapter 6 of Pixels of Progress from the McKinsey Global Institute. And to learn more about the report from the authors and leading experts, register for a webinar on January 24 at 10:00 am ET.
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by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 03:48 - 19 Jan 2023 -
How Asia’s top CEOs are embracing change and resilience
Harmony Internal - McKinsey
Adopt a learning mindset Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
Resilience is top of mind for leaders attending the World Economic Forum’s annual meeting at Davos, which is taking place this week—and now is an opportune time to learn some important lessons from Asia’s top CEOs on how they’re embracing change. According to a recent article by senior partners Gautam Kumra and Joydeep Sengupta, the top CEOs in Asia are learning how to play both offense and defense by reevaluating their business strategies while taking advantage of new opportunities to grow. As one leader puts it: "If you assume the responsibility of leadership, then that brings with it a responsibility to make sure you are always ready to be on.” Check out the article and see how Asia’s CEOs are redefining what it takes to be a leader by focusing on building resilience. And for more on Davos, be sure to register for a special McKinsey “Live From Davos” event on January 19 to get a firsthand account of what senior partners Kate Smaje and Daniel Pacthod are seeing and hearing from global leaders.
Quote of the day
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— Edited by Katherine Tam, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 01:13 - 19 Jan 2023 -
The China imperative for multinational companies
Harmony Internal - McKinsey
Capture the opportunity Share these insights
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by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 08:23 - 19 Jan 2023 -
It’s a new era of higher-for-longer interest rates. How should US businesses prepare?
On Point
Four strategies to foster resilience Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
• Mixed messages. The US economy is continuing to throw off mixed signals. The labor market remains hot, and more people are rejoining the workforce. More workers could ease labor shortages but may also boost demand, stoking inflation. Amid the uncertainty, one thing seems clear: US companies are likely entering a new era of higher-for-longer interest rates and cost of capital, explain McKinsey senior partner Ida Kristensen, senior partner Stephan Görner, and their coauthors.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 06:15 - 19 Jan 2023 -
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by "WooCommerce" <noreply@woocommerce.com> - 06:08 - 19 Jan 2023 -
Monitor Driving behaviour - White Label GPS Tracking Software
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by "Jignesh Pardeshi" <official@uffizio.com> - 05:43 - 19 Jan 2023 -
How concentrated is global trade?
On Point
New McKinsey Global Institute research Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
• Relationships reexamined. Global trade partnerships have fostered economic growth and increased worldwide product availability. But recent events, including rising geopolitical tensions, have motivated leaders to reexamine global interdependencies. How should companies and countries adjust trading relationships, if at all? To learn where concentration in global trade exists, McKinsey senior partner Olivia White and colleagues analyzed McKinsey Global Institute (MGI) research on more than 120 countries, roughly 6,000 products, and eight million trade corridors.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:37 - 18 Jan 2023 -
Diversity, Equity, and Inclusion Lighthouses 2023
Harmony Internal - McKinsey
Be accountable Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
When it comes to implementing much needed diversity, equity, and inclusion initiatives, the spirit is certainly willing: in the past few years, we’ve seen all kinds of pledges, positive intent, and active discussion. Indeed, increased parity is one of the major themes of the World Economic Forum’s annual meeting in Davos, which kicked off this week. But progress is simply too slow. To cite just one example, at the current rate it will take 151 years to close the global economic gender gap at all levels. In order to do better, we need to know what works and what doesn’t work. Toward this and other DEI goals, a cross-industry group including McKinsey and the World Economic Forum have launched the DEI Lighthouses Program, to identify and disseminate best practices for progress toward advising diversity, equity, and inclusion in the workplace. For 2023, it has released the first Diversity, Equity, and Inclusion Lighthouses report, which includes findings that identify five key success factors common among DEI initiatives that had significant impact. To learn more, as well as how to implement them, check out this new article.
Quote of the day
Chart of the day
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— Edited Stephanie d’Arc Taylor, Editor, Southern California
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:50 - 17 Jan 2023 -
1.1 billion people with newly achieved high living standards live in this country
Harmony Internal - McKinsey
920 million other people made it into the top echelons of prosperity and well-being New from McKinsey & Company
Over the first two decades of the 21st century, more than two billion people lived in microregions that achieved life expectancy of more than 72.5 years and income greater than $8,300; 1.1 billion of these people lived in China. But economic gains varied across microregions. For instance, growth rates between big Chinese cities such as Yulin and Anshan differed by as much as ten times. To find out why, check out China times two: The worldwide spread of progress, Chapter 5 of Pixels of Progress from the McKinsey Global Institute. And to learn more about the report from the authors and leading experts, register for a webinar on January 24 at 10:00 am ET.
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by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 01:14 - 17 Jan 2023 -
A who’s who of global decision makers: Davos 2023
On Point
See our new McKinsey Explainer Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
• Global gathering. Davos, a modest ski resort in Switzerland, is famous for hosting the annual meeting of the WEF. Each January, delegates from global business, government, civil society, media, and academia come together to attend sessions meant to spark fruitful discussions on the most pressing issues of the day. The meeting, which brings together perhaps the largest gathering of global decision makers all year, creates opportunities to network and socialize “with amazing leaders,” says McKinsey senior partner Acha Leke.
• Big and small voices. McKinsey’s partnership with the WEF for the Davos meeting each year includes events and interventions aligned with shared goals. While the spotlight shines brightly on well-known names, “the small voices bring a lot of hope,” says McKinsey senior partner Sven Smit. “In Davos, I always like to meet the start-up or technology company that comes up with an idea that, if it works, could scale through the planet and change something,” Smit shares. Read our new McKinsey Explainer (“What is Davos?”) for some key themes for the annual meeting.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:45 - 17 Jan 2023 -
Route Optimization - White Label GPS Tracking Software
Route Optimization - White Label GPS Tracking Software
Start your profitable GPS tracking business.Route Optimization: Plan Efficient Routes
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Route optimization helps fleet managers choose shorter, more effective routes after considering all the factors affecting a trip. Spend less on fuel, make better use of valuable business time, and execute more tasks faster.
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Suggests the best route
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by "Jignesh Pardeshi" <official@uffizio.com> - 10:30 - 16 Jan 2023 -
Last Chance! 2023 API Predictions Webinar
SmartBear
Join us for a special webinar teaser of API trends in 2023!Avoid the FOMO, join us for API predictions and SmartBear innovations coming in 2023!
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by "Andrew from SwaggerHub" <swaggerhub-team@smartbearmail.com> - 09:34 - 16 Jan 2023 -
Taking a principled approach to inclusion: A leader’s guide
Harmony Internal - McKinsey
Fair and square Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
As the US remembers Martin Luther King Jr. today, the urgency of working toward social equality comes even more to the forefront. The business case for diversity is well established; studies have shown a correlation between increased workforce inclusion—particularly on executive teams—and the likelihood of improved financial performance. But while many organizations have built diversity, equity, and inclusion (DEI) into their hiring practices, progress remains uneven. Recent research shows that the business case itself, with its emphasis on the economic impact of diversity, can make the very groups that it is supposed to help feel “othered” and devalued. Rather than focusing narrowly on the commercial benefits of DEI, leaders may want to consider taking broader, principled actions to help diverse workforces thrive.
What does a chief diversity officer (CDO) really do? If you don’t know, you’re not alone. “The CDO position may have been created with the best of intentions, but many organizations don’t seem to know quite what it is,” state McKinsey partner Monne Williams and her colleagues. “The scope and nature of the position are often poorly defined, with ambiguity about everything from its purpose to its authority.” CDOs are critical to steering corporate responses to societal issues, but they often don’t have clear objectives or adequate resources; for example, only 35 percent say they have access to the employee demographic data they need. McKinsey experts note that CDOs are best positioned for success when they know the role’s exact mission and scope, its position in the organizational structure, and the talent profile—skills, knowledge, attributes, and experience—that it requires.
That’s the number of practical actions it may take to achieve quantifiable and sustainable DEI impact, according to a new McKinsey report written in partnership with the World Economic Forum, whose annual meeting takes place this week in Davos, Switzerland. One action is to create a meaningful definition of success—a critical step that connects inclusion efforts to an organization’s values and mission. For example, a professional-services company created a five-year, five-point social-mobility action plan with quantifiable goals, such as supporting 100 young people with technology degree apprenticeships and upskilling 250 social enterprises across the US. Another action in support of inclusion is to design solutions suited to the context: a global steel manufacturer launched a program that addressed historically marginalized groups and developed the first-ever transgender hiring effort in its home country.
To make any significant progress on inclusion, organizations must become precise about what it really means, says McKinsey senior partner Bill Schaninger in this podcast. “Most people characterize inclusion on two levels: their own direct, felt experience and the way they perceive their organization more broadly,” he says. There can be discrepancies between the two—for example, employees may feel left out of important decisions even if they perceive an organization as fair (such as in performance evaluations). Managing such situations can be tricky, but leaders can signal their openness to engaging in dialogue, says McKinsey partner Bryan Hancock. “Recognize that you don’t know exactly how to have the conversation and might not say exactly the right thing,” he suggests. “But be curious. Being a curious learner can help start the conversation.”
Ever since the idea of emotional intelligence entered the business lexicon in the 1990s, it has become as important a predictor of job performance as the standard intelligence quotient. Add to this another increasingly popular measure—the cultural intelligence quotient (CQ), which evaluates your ability to function effectively across national, ethnic, and organizational cultures. The CQ isn’t just about avoiding bad etiquette; rather, it shows whether you’re capable of understanding the dynamics of specific cultures and how they affect your business. In our era of diverse, multicultural, and global workforces, passing a CQ test may well be a hallmark of good leadership.
Lead diversely.
— Edited by Rama Ramaswami, senior editor, New York
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:54 - 16 Jan 2023 -
Planon Workplace Edition: Valuable insights from smart workplace sensors
Schneider Electric
Develop an Engaging WorkplaceDear Abul
Hybrid working is the new way of working. But are you struggling to balance real estate and leasing costs, empty desks, and employee engagement?
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As a workplace or facilities management leader, you need to navigate a path towards an effective mix of office space, home offices and other remote workplaces that drives increasing employee engagement – helping your organisation to perform at its best.Planon Workplace Edition is a cloud-based, modular software solution, underpinned by smart occupancy and environmental sensors. It helps you address the twin challenges of employee engagement and business resilience. It is the only comprehensive, turnkey solution that meets the needs of innovative workplace strategists, facility services teams and knowledge workers to enhance the workplace experience and build business resilience.
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Phone +662 617 5555© 2023 Schneider Electric. All Rights Reserved. Schneider Electric is a trademark and the property of Schneider Electric SE, its subsidiaries and affiliated companies. All other trademarks are the property of their respective owners.
by "Schneider Electric" <reply@se.com> - 09:00 - 15 Jan 2023 -
New Fiverr Business tools to kick off 2023
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The week in charts
The Week in Charts
Food loss, net zero, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:45 - 14 Jan 2023 -
Acelerar la transición energética, región por región
Harmony Internal - McKinsey
Además, el estado de la inteligencia artificial Por mucho que nos gustaría dejar atrás las turbulencias de 2022, gran parte perdurará en el nuevo año. El mundo todavía está conmocionado por las sacudidas geopolíticas, económicas y, sobre todo, por la transición energética, que parece más desordenada que nunca. En el artículo destacado de este mes, Daniel Pacthod, Hamid Samandari, Humayun Tai y otros coautores destacan una serie de acciones a corto plazo que los países y regiones de todo el mundo podrían tomar para garantizar la transición de su sistema energético, sin dejar de centrarse en las necesidades inmediatas de dependencia energética y asequibilidad, para lograr así una transición “más ordenada”. Otros temas destacados en la edición de este mes son:
• La adopción, el impacto y el gasto en IA, y cómo los líderes de IA se están adelantando a la competencia
• La volatilidad en el balance mundial
• Cómo las empresas pueden tener éxito frente al capital y el talento limitados
• Seis principios que están en el centro de cualquier esfuerzo exitoso para convertirse en una empresa de software
La selección de nuestros editores
LOS DESTACADOS DE ESTE MES
El estado de la IA en 2022 y el balance de media década
Los resultados de la Encuesta Global de McKinsey sobre la inteligencia artificial (IA) de este año muestran la expansión del uso de la tecnología desde que comenzamos a monitorearla hace cinco años, pero con un panorama subyacente matizado.
Profundice en los resultadosBalance global 2022: Entra la volatilidad
El crecimiento del balance global se aceleró durante la pandemia, pero se detuvo en 2022.
Entérese y gestionePlaneación para 2023: Cómo pueden triunfar las empresas con sede en EE.UU. cuando el capital y el talento son limitados
La Gran Recesión demostró el valor de la disciplina del capital. Como las tasas de interés seguirán altas durante más tiempo, los líderes estadounidenses pueden poner en práctica esas lecciones.
Ponga la teoría en prácticaToda empresa es una empresa de software: Seis cosas que deben hacer para tener éxito
A medida que el software transforma todas las industrias, los líderes deben recurrir a un nuevo libro de tácticas.
Aprenda el nuevo libroEl poder del diseño en tiempos difíciles
El diseño importa, y no solo en los buenos tiempos. Los CEOs que adoptan el un enfoque de diseño pueden mejorar su estrategia y navegar mejor en esta era de volatilidad.
Diseñe para la resilienciaConozca al miembro más nuevo de la C-suite de consumo: El director de transformación
Cada vez más empresas de consumo recurren a directores de transformación, pero su función a menudo no está bien definida. Aquí explicamos cómo las organizaciones pueden empoderar este puesto crucial para impulsar un cambio holístico.
Cree una receta para el éxitoEsperamos que disfrute de los artículos en español que seleccionamos este mes y lo invitamos a explorar también los siguientes artículos en inglés.
2022: The year in charts
Here’s a look back at some of our favorite data visualizations from the year.2022: The year in images
Reflecting on the past year sheds light on pivotal moments and forges the path toward a resilient future.2022: The year in innovation
After two years of pushing beyond the traditional article and toward more engaging, accessible, and interactive forms of storytelling for some of our highest-priority insights, we offer this new year-end wrap-up of our adventures in innovative publishing.Deliberate Calm
A trio of McKinsey veterans offer a unique approach to learning and leading with awareness and intentional choice, even amidst the most challenging circumstances.
Order nowMcKinsey on Books
Explore this month’s best-selling business books prepared exclusively for McKinsey Publishing by NPD.
See the listsMcKinsey on Investing
The newest edition examines a year of tumultuous change and its implications for investors, businesses, sectors, and the world in which we live.
Download the issueThe McKinsey Crossword
Sharpen your problem-solving skills the McKinsey way, with our weekly crossword.
Play onMcKinsey Classics
To make 2023 more fulfilling, read our 2016 classic article, “Want to be a better leader? Observe more and react less.”
RewindLeading Off
Our Leading Off newsletter features revealing research and inspiring interviews to empower you—and those you lead. Read a sample, and sign up for it or any of our 40+ free email subscriptions.
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