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• What were some of the biggest tech highlights of 2022?

  On Point

  Tech trends in eight charts ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  TODAY’S NEWS. TOMORROW’S INSIGHTS. A daily newsletter from McKinsey & Company Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Top tech stories of 2022 In the news • Medieval versus modern learning. US students hold varying views on an AI-driven chatbot that produces original text content. While generative AI is extraordinary, it relies on algorithmic responses pulled from existing knowledge. That can’t replace bold, original thinking, says one law student. New AI tools call for stronger defenses against plagiarism, but the antidote to academic fraud may be to study like medieval religious scholars, adds one theology student. They were required to form oral arguments and regularly present and defend their ideas. [WSJ] • Metaverse MBA. MBA students are donning virtual-reality headsets as business schools across Europe explore educational activities in the metaverse. One school in Italy is teaming up with tech companies to offer virtual visits to organizations and seminars on the metaverse’s commercial potential. At another school in France, students—depicted as avatars—attend lectures in an online, immersive world. The COVID-19 pandemic has prompted business schools to adopt sophisticated technologies to make learning more engaging, notes one dean. [FT] While only 11% of AI-using companies reported leveraging the capabilities behind generative AI models, we expect that to increase next year. On McKinsey.com • Top three AI capabilities. In 2022, organizations continued to increase their use of AI. From 2018 to 2022, the average number of AI capabilities that organizations used doubled from 1.9 to 3.8, according to research by McKinsey senior partner Alex Singla and colleagues. Robotic process automation, computer vision, and natural-language text topped the list of the capabilities that companies were most likely to use. Looking ahead, generative AI models like ChatGPT and Stable Diffusion could usher in the next boom in AI use. • Millions of metaverse users. Interest in the metaverse is intensifying. In 2021, global online searches for “metaverse” surged 7,200%, and one metaverse online gaming platform reportedly hit over 55 million daily active users in 2022. While it’s still early days for the metaverse, it has the potential to become the next version of the internet. Our review of consumer and enterprise use cases suggests that by 2030, the metaverse may generate up to $5 trillion in value. Explore eight charts that capture some of the biggest technology developments of 2022. See the big tech stories of 2022 — Edited by Belinda Yu, editor, Atlanta Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the On Point newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey On Point" <publishing@email.mckinsey.com> - 10:04 - 12 Jan 2023

• Artificial intelligence in strategy

  Harmony Internal - McKinsey

  Tune in ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Artificial intelligence has become commonplace, in business as well as in our personal toys and appliances. But while business functions like marketing, supply chain management, and service operations have been quick to embrace the promise of AI, strategists have been more reticent. Yet strategy can greatly benefit from AI, says McKinsey senior partner Yuval Atsmon in a new episode of McKinsey’s Inside the Strategy Room podcast. From analytics and forecasts of today to carefully managed delegation of decisions in the future, the right AI tools can help businesses unlock key improvements including less-biased decision making and faster strategic choices. Artificial intelligence in strategy AI tools can help executives avoid biases in decisions, pull insights out of oceans of data, and make strategic choices more quickly. And that’s just the beginning. Tune in Quote of the day “As underwriters, we tend to look at the world from the rearview mirror, very retroactively. We need to get out of that mindset and look instead at the risk landscape that we’re in today. . . . How do we anticipate the risk and evolve our ways of thinking to be able to better price, underwrite, and ultimately provide the capacity that’s needed?” —Juan C. Andrade, CEO of Everest, on addressing emerging risks in the insurance industry in “Leading with purpose: An interview with Everest’s Juan C. Andrade” Chart of the day See today’s chart   ALSO NEW One billion days lost: How COVID-19 is hurting the US workforce COVID-19 may no longer be a pandemic, but the disease likely reduced the availability of the US workforce by as much as 2.6 percent in 2022—a burden on productivity that could last for years. Grasp the ramifications   Unlocking the industrial potential of robotics and automation Results from the 2022 McKinsey Global Industrial Robotics Survey reveal that industrial companies are set to spend heavily on robotics and automation. However, many will need help to complete the journey. Get a head start   ‘Stay grounded, stay humble’: Sanofi CEO Paul Hudson In the wake of the COVID-19 pandemic, one of the first non-French leaders of the pharmaceutical company Sanofi explains cultural transformations, the growth of AI in decision making, and how he stays humble. Be impactful   — Edited by Stephanie d’Arc Taylor, editor, Southern California Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:21 - 12 Jan 2023

• Is life expectancy declining in your region?

  Harmony Internal - McKinsey

  The good news: Most people increased GDP per capita and extended their life expectancy ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Learn more about McKinsey Global Institute New from McKinsey & Company Is life expectancy declining in your region? Of the almost 660 microregions where life expectancy has declined over the past two decades, 650 are in Mexico and the United States. What’s causing this health decline? And which microregions are “firing on all cylinders” when it comes to GDP and population growth? Find out in Never stop: Progress in health and income at the top, Chapter 4 of Pixels of Progress from the McKinsey Global Institute. Understand the opportunities Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. Share these insights Did you enjoy this email? Forward it to colleagues and friends so they can subscribe too. Was this alert forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our McKinsey Global Institute alert list. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 02:30 - 12 Jan 2023

• You're invited 🎙 Webinar: Cost-effective hiring - Smarter ways to find and attract top global talent

  You're invited 🎙 Webinar: Cost-effective hiring - Smarter ways to find and attract top global talent

  Join Remote's CEO, HR & People team as they share their tips and experiences about how to find, and retain the best global candidates.

  Hi MD 👋 you are exclusively invited to join us to our upcoming webinar.. Cost-effective hiring: Smarter ways to find and attract top global talent Date and times:  Thursday, January 26th, 2023 5.00PM UTC 6:00PM CET 12:00PM EST 9:00AM PST   What will you learn? Where to find the best talent around the world Building a headcount budget for your distributed team How to account for benefits, stock options, and more Establishing a fair and equitable global compensation plan Creating systems and processes to welcome a distributed workforce Companies thrive when they have great teams. But how can you grow a team of all-stars while keeping your headcount budget on track?   Remote has helped thousands of businesses expand their teams. In this special online event, experts from Remote's own HR and People team will share their tips and experiences about how to find, attract, onboard, and retain the best global candidates for your open roles — all while staying on budget.   Speakers: Job van der Voort - CEO of Remote Anastasia Pshegodskaya - Director of Talent Acquisition Pavania Naidu - Senior Total Rewards Specialist at Remote Karen Falenius - Director of International Growth Save your spot today Attendees at this event will also be eligible for SHRM credit! * To unlock SHRM credit you must watch at least 75% of the event, as per SHRM requirements. Grow your headcount without the headaches.   Get started You received this email because you are subscribed to Conferences & Events from Remote Technology, Inc. Update your email preferences to choose the types of emails you receive. Unsubscribe from all future emails Remote Technology, Inc. 18 Bartol St. #1163 San Francisco California Copyright © 2023 Remote Technology, Inc. All rights reserved.

  

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  by "Remote" <hello@remote-comms.com> - 10:30 - 12 Jan 2023

• API Trends in 2023 - Don’t Miss the Webinar

  SmartBear

  Avoid the FOMO! Join us to learn about API predictions for 2023

  VIEW IN BROWSER 2023 API Predictions: Shift-Left and Standardize for Success Haven't made plans for January 18th yet? Good! We are hosting our next webinar where we will share our predictions for APIs in 2023 and teasers of the incredible innovations coming to SmartBear in 2023. Register Now   Hi Abul, We’re excited for our next webinar, 2023 API Predictions: Shift-Left and Standardize for Success, and hope you are too! Join SmartBear API gurus Frank Kilcommins and Alex Bonstrom as they discuss: Insights from 2022’s API trends and our predictions for 2023 The possible impact of economic headwinds - and how to mitigate those impacts How APIs can drive seamless digital experiences, foster rapid innovation, help to maintain regulatory standards   Hope to see you there!   Andrew Marotta Growth Marketing Manager, SmartBear andrew.marotta@smartbear.com

  This email was sent to {lead.Eamil Address} by SmartBear Software, 450 Artisan Way, Somerville, MA. 02145, 617.684.2600, www.smartbear.com. We hope you found this email of interest. However, we value your privacy. If you do not wish to receive future correspondence from us, please click here to manage email preferences.   VISIT SMARTBEAR.COM   |   UNSUBSCRIBE   |   VIEW IN BROWSER

  

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  by "Andrew from SwaggerHub" <swaggerhub-team@smartbearmail.com> - 09:35 - 12 Jan 2023

• More than 40,000 microregions tell a nuanced story of human development over 20 years

  On Point

  Our new report on human development ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  TODAY’S NEWS. TOMORROW’S INSIGHTS. A daily newsletter from McKinsey & Company Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Humanity’s progress in pixels In the news • The ‘best time ever.’ People—journalists included—tend to pay more attention to bad news than good. Yet even when reflecting upon a challenging year, “this may still be the best time ever to be alive,” muses Nicholas Kristof. The global child mortality rate is continuing to decline in spite of the COVID-19 pandemic. In addition, the number of people living in extreme poverty fell slightly in 2022, according to the World Bank. Health tech is also advancing. Scientists are developing new, life-saving malaria vaccines and innovative gene therapies. [NYT] • Cause for optimism. For life on Earth to keep getting better, humanity must address problems like the climate crisis. That will take prevailing over the forces that threaten to divide societies. Human lives are improving, with the share of the population in extreme poverty dropping to 8.4% in 2019 from roughly 60% in 1950, per the World Bank. Likewise, the UN’s human development index—which considers life expectancy, living standards, and education—has increased from 1990 to 2019. But the COVID-19 pandemic has set back some of that progress. FT] Only 70 million people—a scant 1% of the world’s population in 2019—lived in microregions that experienced declining life expectancy from 2000 to 2019. On McKinsey.com • Pixels of progress. A new McKinsey Global Institute report, Pixels of Progress: A granular look at human development around the world, provides a dramatically different perspective of human progress. The report, coauthored by McKinsey senior partner Sven Smit and his colleagues, splits the world into more than 40,000 microregions, delivering a view of development that is 230 times more granular than a country perspective. Enhancing our understanding of global progress could help countries and organizations make better, more targeted decisions. • Two decades of development. Our new data set reveals the true extent of human development from 2000 to 2019. Almost half the world’s population in 2019 lived in places with living standards only attained by the top 21% in 2000. Meanwhile, the group of people living in microregions with the lowest living standards fell from a high of more than one billion in 2000 to a few hundred million in 2019. See six chapters of the report that reveal humanity’s progress over the past 20 years, and register for a webinar with authors and experts on January 24, 2023. Explore the research — Edited by Belinda Yu, editor, Atlanta Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the On Point newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:28 - 12 Jan 2023

• Axle-Load Sensor - White Label GPS Tracking Software

  Axle-Load Sensor - White Label GPS Tracking Software

  Start your profitable GPS tracking business.

  Axle-load Sensor: Monitor Cargo Weight 65+ countries | 500,000+ units | 50,000+ happy customers Tracker independent | Supports multiple language Download E-Book Verify the cargo weight accurately to prevent overweight fines and underhand cargo theft. Get better performance and efficiency with proper weight distribution. Standard Benefits Underweight or overweight cargo Improper cargo weight can also cause accidents. Check proper weight distribution at every single stop. Improve fuel economy By monitoring axle loads, fleet owners can optimize their fleet's performance and save money with better fuel mileage. Load status Get real-time details about the maximum load, minimum load and average load for all vehicles of the fleet. Report Get detailed weight distribution reports with real-time alerts for underweight or overweight loads for drivers and fleet managers. Fleet Management Platform That Grows With You Get a demo Plan & Pricing Uffizio India Software Consultant Pvt Ltd, 4th Floor, Metropolis Opp S.T Workshop, Abrama-Dharampur Rd, Valsad, Gujarat 396001, Valsad, Gujarat 396001, India, +91-7285855104 Unsubscribe Manage preferences

  

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  by "Jignesh Pardeshi" <official@uffizio.in> - 10:30 - 11 Jan 2023

• Keeping up with Black consumers

  Harmony Internal - McKinsey

  Change the paradigm ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices What role does fashion play in your life? For many Black American consumers, it is linked to one’s personal and cultural identity, according to senior partners Tiffany Burns, Shelley Stewart, partner Ammanuel Zegeye, and their coauthors. In a new article, they write that “Black Americans have long set and influenced broader tastes and trends in fashion” and it is time for fashion brands to better meet the needs of this segment across the value chain. Be sure to check it out and see how companies can effectively serve Black consumers, including amplifying Black-owned brands and strengthening the presence of brands in Black communities. Unlocking the full potential in fashion for Black consumers Fashion brands can forge stronger connections with this segment by pursuing four strategies. Change the paradigm   Quote of the day “Among the industrial sectors surveyed, the biggest spender on automation over the next five years is set to be retail and consumer goods.” —Results from the 2022 McKinsey Global Industrial Robotics Survey in “Unlocking the industrial potential of robotics and automation” Chart of the day See today’s chart   ALSO NEW Leading with purpose: An interview with Everest’s Juan C. Andrade Everest CEO Juan C. Andrade discusses how to be a proactive insurer and the mindset required to succeed despite and amid the challenges of today. Watch the videos   Real-world data quality: What are the opportunities and challenges? Growth in the availability and variety of real-world data, including nonhealth sources of data, opens up new opportunities, as well as challenges, in their application to real-world evidence and improving health outcomes. Evaluate the data   From sci-fi to reality: Autonomous driving in China New technologies and regulations have made autonomous driving possible. In this changing landscape, the strategic roles of manufacturers may vary. See what's new   — Edited by Hanna Carney, editor, New York Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:28 - 11 Jan 2023

• Set the stage for a successful 2023

  

  New year, new opportunities, and a brand new eBook to help you maximize both.

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  Make it your year   Can you hear that? It’s the sound of thousands of businesses clicking on their ticket to a top-notch 2023. That’s right. Our annual New Year’s eBook is here, and it’s jam-packed with everything you need to know to set the stage for a successful year. From data and trends to tips and tools, it’s all there to help you jump into January with some solid strategies up your sleeve. Ready to make some noise? Click, click! Download now         Privacy Policy | Support | Invite a Friend | Get Inspired This email was sent to you by Fiverr International Ltd. You are receiving this email because you signed up for Fiverr. If you wish to unsubscribe from all future emails, please click here Fiverr International Ltd. | 38 Greene St. | New York, NY 10013, USA

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  by "Fiverr" <no-reply@announce.fiverr.com> - 06:02 - 11 Jan 2023

• Ten key themes may help fashion companies adapt to increasing complexity

  On Point

  The State of Fashion 2023 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  TODAY’S NEWS. TOMORROW’S INSIGHTS. A daily newsletter from McKinsey & Company Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Fashion forward In the news • On the hunt. When faced with an “out of stock” message, luxury shoppers with cash to spare turn to fashion’s elite personal shoppers to help track down coveted items. These “sourcing” services, as they’re called, can cost more than the sales tax on a luxury good. But that hasn’t deterred high-end shoppers, even with the threat of a recession on the horizon. The business of tracking down in-demand apparel and accessories often relies on relationships with salespeople at luxury shops and department stores. [WSJ] • Dress for the metaverse. Stylists who dress humans in the physical world have found a new dimension to practice their craft: the metaverse. Metaverse users—who often purchase virtual clothes based on inspiration found in the real world—seek out these stylists, paying them to dress their avatars. While much of the metaverse is still nascent, fashion metaverse creators and companies are making hundreds of millions of dollars on virtual outfits. More than 62 million items of digital clothes and accessories were created on one popular gaming platform in 2022. [MIT] Looking forward, we anticipate that the luxury sector—expected to grow between 5 and 10% in 2023—will outperform the rest of the industry. On McKinsey.com • Forecasting fashion. In 2023, the global fashion industry will contend with the effect of inflation on consumers. Fashion executives are pessimistic about the year ahead, with 97% saying that they expect their cost of goods sold and SG&A expenses to increase, according to The State of Fashion 2023, a joint report from the Business of Fashion and McKinsey. While the fashion industry faces a tough climate, many brands are in a stronger position than they were a year ago, explain McKinsey senior partners Anita Balchandani and Achim Berg and their coauthors.  • Ten themes. Ten emerging consumer trends should help industry leaders make sense of the year ahead. As one example, gender-fluid fashion is gaining greater traction amid changing consumer attitudes toward gender identity and expression. The blurring of the lines between men’s wear and women’s wear may require rethinking product design, marketing, and shopping experiences. In addition, formal wear is being reinvented, as consumers may be inclined to rent or buy statement-making outfits for special occasions. See ten key themes in fashion. Discover the future of fashion — Edited by Alexandra Mondalek, editor, New York Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the On Point newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:41 - 11 Jan 2023

• What we can expect in tech in 2023 according to McKinsey leaders

  Harmony Internal - McKinsey

  Lead in tech ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Have you made your new year’s tech resolutions? Companies’ tech priorities will shape the business landscape for 2023 and beyond. In a new article, McKinsey leaders lay out what the year might hold and how companies should think about their tech “resolutions” so they can navigate trying economic times and grow into an even more interconnected world. Freeing tech talent, prepping the board for tipping point technologies, paying down some of your tech debt, putting your cloud house in order to cut costs and spur growth, decentralizing innovation, and six other top trends will rule the tech conversations this year. Explore the entire collection, featuring commentary from McKinsey senior partners Aamer Baig, Klemens Hjartar, Lareina Yee, and more for a glimpse into a shiny new future. New year’s resolutions for tech in 2023 McKinsey Technology leaders offer their insights on how business leaders can make the most of tech this year. Lead in tech   Quote of the day “Get a coach. Every top performing athlete in the whole world has a coach. You should get one too. And when you do, it can take you to the next level of your own leadership. That's what I found.” —McKinsey senior partner Brian Elliott on his first time receiving tough feedback in a recent episode of My Rookie Moment  Chart of the day See today’s chart   ALSO NEW What is Davos? Davos, Switzerland, is where the World Economic Forum holds its annual meeting. Delegates from many sectors converge for several days of talks and meetings to address urgent global issues. Understand the agenda   World Economic Forum: Live from Davos: January 19 at 9:30am ET In a special “Live from Davos” event, senior partners Kate Smaje and Daniel Pacthod will provide a first-hand account of what they’re seeing and hearing in their sessions with global leaders at the World Economic Forum. Register now  Repositioning commercial P&C underwriting for market uncertainties Underwriters can use granular trend-impact diagnostics on portfolios, recalibrated risk selection, and greater underwriting agility to adapt to the evolving and uncertain insurance market. Learn more here   — Edited by Sarah Skinner, editor, New York Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:07 - 10 Jan 2023

• Does higher income mean a longer life span?

  Harmony Internal - McKinsey

  There are many paths to longevity ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Learn more about McKinsey Global Institute New from McKinsey & Company Does higher income mean a longer life span? In 2000, Wroclaw had $23,400 in GDP per capita and 74.9 years of life expectancy, similar to living standards in Ensenada on Mexico’s Pacific coast. Twenty years later, the city’s income was $55,000 and its citizens had an average 79.5 years of life expectancy, comparable to Providence, Rhode Island. In other microregions, human development diverged widely. Understand why the relationship between economic prosperity and health is less straightforward than it might seem in A dividend paid in years: Getting more health from each dollar of income, Chapter 3 of Pixels of Progress from the McKinsey Global Institute. Understand the opportunities Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. Share these insights Did you enjoy this email? Forward it to colleagues and friends so they can subscribe too. Was this alert forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our McKinsey Global Institute alert list. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 03:23 - 10 Jan 2023

• 1 hour to go ! The service mesh v/s APIM debate - What you should know for your API-first business

  The service mesh v/s APIM debate - What you should know for your API-first business

  A debate for the ages. Let's kick off 2023 settling the Service Mesh v/s APIM debate once and for all!

  View in browser Hi MD Abul,   Just 1 hour to go for our 1st event of 2023!   Don't miss out on an exciting conversation looking at the similarities and differences between a service mesh and an API gateway, and how do you choose what's right for your API-first business! Register Now In this edition of the great API debate, join Sedky Abou-Shamalah, Director Solution Architecture, Ahmet Soormally, Head of Research, and Budha, Product Evangelist at Tyk on Jan 10, 2023 07:00 PM GMT/ 02:00 PM Eastern as they unpack the similarities and differences between the two, answering some of your most burning questions such as: If I adopt a service mesh approach to applications, do I still need an API gateway? If I already have an API gateway, should I bother with service mesh? I can’t possibly use both, can I? It's a debate for the ages. So, let's kick off 2023 settling the Service Mesh v/s APIM debate once and for all! See you in an hour!   Faye Community Manager Tyk P.S. We have more events coming soon! Check them out. Tyk, 87a Worship Street, London, City of London EC2A 2BE, United Kingdom, +44 (0)20 3409 1911 Unsubscribe Manage preferences

  

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  by "Faye Tandog" <faye@tyk.io> - 01:09 - 10 Jan 2023

• Reversal of fortune: for the first time in decades, the global balance sheet has shrunk

  On Point

  Four scenarios for the global balance sheet  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  TODAY’S NEWS. TOMORROW’S INSIGHTS. A daily newsletter from McKinsey & Company Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Global growth and volatility In the news • Developing debt. The collective external debt of developing nations hit $9.3 trillion in 2021, a sum that amounts to 26% of their collective gross national income, according to a new report from the World Bank. Increasingly, debts are owed to private creditors, potentially making it harder to restructure deals. The news gets worse: global growth is slowing, and higher food and energy prices—caused in part by the war in Ukraine—mean that governments servicing debt have less purchasing power for necessities. [WSJ] • Past, not prologue. Economic forecasters, who typically use historical data to inform predictions, face a cloudy crystal ball these days. A once-in-a-century pandemic has had surprising impacts on car, consumer, housing, and labor markets. Some of those markets have reversed, and others have veered off into equally unexpected directions. Among the most jarring phenomena is the stubborn inflation that multiple economies are experiencing. Although central banks’ reaction—raising rates—was predictable, labor markets don’t appear to be responding as usual. [NYT] In 2022, early signs of a possible inflection point appeared, with greater volatility in the components of the global balance sheet and the first overall shrinkage in decades. On McKinsey.com • A generational change. In a new McKinsey Global Institute report, McKinsey partner Jan Mischke and senior partner Olivia White and their coauthors explore a historic reversal: for the first time in decades, the global balance sheet shrunk relative to GDP. Global net worth was $610 trillion at the end of 2021. Only about one-fifth of wealth growth in the previous 20 years came from savers channeling money into new investment; most of the rest came from asset price inflation. Debt levels are also high by historical standards. For every dollar of net investment, $1.90 in additional debt was created outside the financial sector. • Balancing the books. Growth in the global balance sheet accelerated during the COVID-19 pandemic, with households around the world adding $100 trillion to global wealth on paper in 2020 and 2021. During that time, global wealth relative to GDP grew faster than in any other two-year period in the past nine decades. However, in the face of geopolitical and economic volatility, inflation and interest rates rose sharply in 2022, while global equity and bond prices have declined by roughly 30% and 20%, respectively, in real terms. See four potential scenarios for the global balance sheet as the world looks ahead in 2023. Reckon with the economy — Edited by Katy McLaughlin, senior editor, Southern California Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the On Point newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:53 - 10 Jan 2023

• E-lock - White Label GPS Tracking Software

  E-lock - White Label GPS Tracking Software

  Start your profitable GPS tracking business.

  Protect Cargo and goods with E-locks 65+ countries | 500,000+ units | 50,000+ happy customers Tracker independent | Supports multiple language Download E-Book Our Cloud-based E-lock security prevents all kinds of theft and tampering The safest way to transport cargo Live E-lock & battery status From ATM funds to pharma goods, live e-lock status gives complete visibility and control over vehicles carrying high-value assets. No physical keys needed Open and lock containers remotely. Digital keys allow multiple drivers to share vehicles without having to exchange physical keys. Alerts for e-lock violations Instant alerts for violations like tempering, wrong passwords, pipe cut attempts, wrong RFID attempts, etc. Get detailed reports Make sure there are no irregularities with reports ranging from Violation Summary to Lock/Unlock Details. Fleet Management Platform That Grows With You Get a demo Plan & Pricing Uffizio India Software Consultant Pvt Ltd, 4th Floor, Metropolis Opp S.T Workshop, Abrama-Dharampur Rd, Valsad, Gujarat 396001, Valsad, Gujarat 396001, India, +91-7285855104 Unsubscribe Manage preferences

  

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  by "Jignesh Pardeshi" <official@uffizio.com> - 10:30 - 9 Jan 2023

• Autonomous driving’s future: Convenient and connected

  Harmony Internal - McKinsey

  Grasp the potential ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices What does the future look like for self-driving cars? Autonomous driving could transform transportation, consumer behavior, and even society at large by making mobility more accessible and work more productive. But to achieve that, automakers and suppliers may need to start developing new sales and business strategies, acquire new technological capabilities, and address safety concerns, McKinsey research finds. To find out how leaders can use autonomous driving to win in the fast-changing passenger car market, be sure to read a new article by Johannes Deichmann, Kersten Heineke, Ruth Heuss, and their coauthors. Autonomous driving’s future: Convenient and connected By 2035, autonomous driving could create $300 billion to $400 billion in revenue. New research reveals what’s needed to win in the fast-changing passenger car market. Grasp the potential   Quote of the day “The opportunities to use customer analysis to change behavior go way, way beyond what is in the marketing domain—it goes to how we think about profitability, how we align channels, how we align the service propositions, how we align the operational experience, and how we understand which elements of products or categories are good for acquiring and retaining customers.” —Michael Ross, chief retail scientist at EDITED, on how businesses can conduct better customer-base audits in a recent Author Talks interview Chart of the day See today’s chart   ALSO NEW Shared mobility: Sustainable cities, shared destinies By 2030, shared mobility could generate up to $1 trillion in consumer spending. New research reveals the trends and data to know. Navigate the landscape   Where does shared autonomous mobility go next? Shared autonomous mobility is at a critical point, and five factors may determine how the market evolves and which companies succeed. Make strong partnerships   The metaverse: Driving value in the mobility sector Although a fully immersive, interconnected metaverse remains years away, mobility stakeholders can already capture real business value from the technologies designed to enable it. Make an impact   — Edited by Katherine Tam, editor, New York Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:09 - 9 Jan 2023

• Get Ready for 2023: Our Top API Insights and Predictions

  SmartBear

  Join us for a special webinar teaser of API trends in 2023!

  VIEW IN BROWSER 2023 API Predictions: Shift-Left and Standardize for Success Join us on January 18th to learn about API predictions for 2023 and the recent product innovations at SmartBear! Register Now   Hi Abul, Join us for an insightful and interactive webinar, 2023 API Predictions: Shift-Left and Standardize for Success. As ramp up into the new year, SmartBear’s API team is planning a discussion around how software development trends had played out in 2022 and what we can expect moving into 2023. Between economic headwinds, shifts in team structure and responsibilities, and the growing importance of API governance, there’s no shortage of interesting topics to dive into.   Hope to see you there! P.S. If you can’t make it, register anyway and we’ll send you a recording.   Andrew Marotta Growth Marketing Manager, SmartBear andrew.marotta@smartbear.com

  This email was sent to {lead.Eamil Address} by SmartBear Software, 450 Artisan Way, Somerville, MA. 02145, 617.684.2600, www.smartbear.com. We hope you found this email of interest. However, we value your privacy. If you do not wish to receive future correspondence from us, please click here to manage email preferences.   VISIT SMARTBEAR.COM   |   UNSUBSCRIBE   |   VIEW IN BROWSER

  

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  by "Andrew from SwaggerHub" <swaggerhub-team@smartbearmail.com> - 10:36 - 9 Jan 2023

• 🎟️ You’re invited! Odoo Roadshow is coming to Bangkok on 21 February 2023

  Hello,  We’re pleased to invite you to our Odoo Roadshow held in Bangkok on 21 February 2023 to discover our newly released Odoo 16 and all its latest features. Date: 21 February 2023 (Tuesday) Time: 9:45 AM - 6:00 PM Location: The Westin Grande Sukhumvit - Ballroom A - 7th Floor Seats are limited - Save the date and register your ticket now!  Register Odoo Roadshow Bangkok 2023 or, click on this link: https://www.odoo.com/r/bGd  — What's on the agenda? 1. Morning Session ☀️ | 9:45 AM - 12 PM: Odoo Partnership Enablement  Introduction of Odoo Partnership Program - designed for IT service companies, consultants, and developers to enrich your business opportunities. *Presentation language: English We are looking for partners from all over the world to help us keep up with our rapidly growing market demand. Take this chance to meet us in person and become our Official Partner! 2. Afternoon Session 🌙  | 2 PM - 6 PM: Odoo Roadshow  Introduction of Odoo, live demo of Odoo 16, talks on technology trends, networking - designed for all businesses, business owners, decision-makers, and entrepreneurs.  *Presentation language: Thai Discover how Odoo can be the all-in-one digital solution to optimize your daily business operations and help elevate your business to the next level. More details of Odoo Roadshow Bangkok 2023 We look forward to seeing you there! Best regards, Odoo APAC Team Unsubscribe

  

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  by "Odoo Events" <events@odoo.com> - 02:56 - 9 Jan 2023

  1 attachments 1 attachments

  attachment

• Best fit: A leader’s guide to matching jobs to skills

  Harmony Internal - McKinsey

  Perfect match ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   ESSENTIALS FOR LEADERS AND THOSE THEY LEAD Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Economists generally define a job mismatch as a disconnect between open jobs and people looking for work. This is usually because potential candidates don’t have the skills employers need, but mismatches can also happen for other reasons. For example, the people who already work for you may be under- or overqualified for their jobs or may have lost some skills over time. With the competition for talent remaining fierce, leaders may want to pay closer attention to skill mismatches. Most companies know that they have talent gaps, but relatively few are prepared to respond appropriately, according to research by McKinsey senior partner Aaron De Smet and colleagues. Some actions can address common talent disparities. AN IDEA Look for skills, not degrees “Degree inflation” became prevalent about 20 years ago when companies began adding a college degree as a requirement for jobs that hadn’t called for one previously. Now the pendulum is swinging the other way. As talent becomes scarce, many employers are turning to skills-based hiring practices, which select candidates based on their skills and competencies rather than academic degrees. This approach can create a more resilient and inclusive workforce, but merely removing formal educational requirements doesn’t guarantee success. Results from a McKinsey survey show that nearly half of companies struggle to validate candidates’ competencies and references and to source job seekers with the right skills. Employers “should keep an eye on a long-term plan,” suggest McKinsey’s Bryan Hancock, Jonathan Law, and other experts. The impact of skills-based practices is maximized when they’re implemented across the whole talent journey, including in sourcing, hiring, and career development. A BIG NUMBER 50% That’s the projected increase in the amount of time spent using advanced technological skills in the United States by 2030; in Europe, that figure is 41 percent. McKinsey senior partners Eric Hazan and Peter Dahlström and their colleagues report that the largest skill mismatches are likely to be in functions that are already the most automated, such as data analytics, web design, and R&D. Leaders should anticipate severe talent shortages in the rapidly growing field of quantum computing—but watch out for mismatches in filling those vacancies. McKinsey’s Niko Mohr, Rodney Zemmel, and other experts cite the case of a company that hired nearly 1,000 data scientists in the early days of AI but did not realize the expected outcomes: “Just 100 true data scientists placed in the right roles would have been sufficient,” they say. A QUOTE “It is difficult to teach what is not well defined.” That’s McKinsey partners Julia Klier and Jörg Schubert and their coauthors, who were after more precise definitions when they set out to explore the adult training and education that governments will need to provide to citizens in the future. The research they conducted identifies 56 distinct elements of talent (DELTAs) distributed across 13 skill groups and four categories of skills (cognitive, digital, interpersonal, and self-leadership). For example, understanding one’s own strengths is a talent element in the self-awareness and self-management group, which falls under the self-leadership category. Such detailed definitions may spur governments “to ensure that curricula include the DELTAs that will future-proof citizens’ skills in the world of work,” the authors suggest. A SPOTLIGHT INTERVIEW ‘Before you can talk about what makes the individual successful, you have to be able to answer the question, “For what job?”’ says McKinsey senior partner Bill Schaninger in a podcast on how advanced analytics can help leaders make critical talent decisions. Evidence-based data derived from people analytics—which pulls data from various HR and business systems into a unified view—can offer insights into the attributes, experiences, knowledge, and skills that organizations need, enabling leaders to match those capabilities with roles to improve business outcomes. “If you’re about to make a choice about a person, you can probably do it better with some data,” says Schaninger. “It is really that simple.” CAN’T BUY ME LOVE You’ve gone all out to find the right candidate—but failed. Now what? A useful first step may be to understand why. The reasons are complex and not necessarily ones that organizations can solve quickly. For example, COVID-19-related health risks, care duties, burnout, and early retirement are among the reasons people may not want to work. Also pay attention to why employees quit en masse in 2021: low pay, no advancement opportunities, feeling disrespected at work, childcare issues, and lack of flexibility were just a few of the reasons, according to a study. No single organization can resolve all of these concerns, but using them as a springboard to improve working conditions would be a good place to start. Lead by matching well. — Edited by Rama Ramaswami, senior editor, New York Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Leading Off newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:46 - 9 Jan 2023

• The talent landscape is volatile. How can companies meet employee needs?

  On Point

  Employer–employee relationships are shifting ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  TODAY’S NEWS. TOMORROW’S INSIGHTS. A daily newsletter from McKinsey & Company Brought to you by Liz Hilton Segel & Homayoun Hatami Global leaders, Industry & Capabilities Practices Talent in a changing market In the news • Most likely to quit. The Great Resignation isn’t over yet. Although employees of all kinds are still leaving their jobs, certain roles are seeing higher turnover. Many of these roles are formerly remote positions that are now being converted to in-person jobs, finds one US compensation software company, suggesting that employees are continuing to prioritize flexibility at work. So which jobs are workers likeliest to quit? Senior customer service reps are at the top of the list, per an analysis of more than 1.1 million US employees’ salary profiles. [Fortune] • In search of accountants. More baby boomers are retiring, and fewer people are looking for jobs. That spells trouble for US employers that are straining to attract skilled workers. Accountants are in short supply at a time when the economy is slowing. Last year through the end of November 2022, US companies posted about 177,880 job openings for roles in accounting and auditing. That’s a 26% increase compared with the same period in 2021. More employers are doling out promotions and raises and are turning to temporary workers for help. [WSJ] “With this talent shortage, companies should be thinking about how they can customize propositions that meet the needs of their own workers.” On McKinsey.com • A shifting relationship. The relationship between employees and employers has fundamentally shifted, say McKinsey’s Bonnie Dowling, Bryan Hancock, and senior partner Bill Schaninger in the latest episode of McKinsey Talks Talent. The COVID-19 pandemic has made it a lot easier to shift jobs, says Hancock. Many employers no longer require new hires to live in the location where the job is being offered. Social capital is also lower, making it easier to move away. In the US alone, four million workers a month are quitting their jobs. • Ultimate flexibility. To attract talent back into the workforce, employers need to make industries and roles attractive from the start. That may take greater creativity. For instance, one manufacturer offered “ultimate flexibility” when it created a new role, Dowling explains. Employees could work any 12 hours (at a minimum) per week, setting their own shifts. Within days, the company received 170 applicants, some of whom have been converted into full-time workers. Hear what today’s companies are doing to meet the changing needs of talent. Learn more — Edited by Belinda Yu, editor, Atlanta Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the On Point newsletter. Manage subscriptions | Unsubscribe Copyright © 2023 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey On Point" <publishing@email.mckinsey.com> - 10:11 - 8 Jan 2023