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• The week in charts

  The Week in Charts

  Closing the digital divide, AI’s potential, and more ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   ALL THE WEEK’S DATA THAT’S FIT TO VISUALIZE Our Charting the Path to the Next Normal series offers a daily chart that helps explain a changing world—as we strive toward sustainable and inclusive growth. In case you missed them, this week’s graphics explored the digital divide for Black Americans, the potential of AI, commodity price increases in Africa, dissatisfied workers in Europe, and soaring demand for electric vehicles. FEATURED CHART Plugging in equitably See more This week’s other select charts Seeing double with AI  The impact of commodity prices in Africa   What have you done for me lately?  Battery boom 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 Week in Charts 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 Week in Charts" <publishing@email.mckinsey.com> - 03:09 - 4 Feb 2023

• Where does the world go from here?

  Harmony Internal - McKinsey

  Plus, deciding whether to double down, decouple, or diversify ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Monthly Highlights, February 2023 The first month of the new year is in the rearview, and we didn’t quite get the fresh start we were hoping for. Between geopolitical stress, climate change, and macroeconomic uncertainty—topics that were front and center at the World Economic Forum’s annual meeting in Davos—the business environment remains turbulent in 2023. Where does the world go from here? Our two featured stories this month attempt to provide some clarity. In a new article, senior partners Michael Birshan, Homayoun Hatami, Ida Kristensen, and coauthors offer potential scenarios to help business leaders set their top priorities and prosper in a 3 × 3 world where uncertainties are multiplied. And the McKinsey Global Institute’s Olivia White, Jonathan Woetzel, Sven Smit, and Jeongmin Seong assess the future of globalization as we know it—and outline why leaders must take a granular approach when deciding whether to double down, decouple, or diversify. Other highlights in this month’s issue include the following topics. • why now is the time to choose a new innovation portfolio • how leaders can make the most of tech • five emerging HR operating-model archetypes • the factors that suggest the metaverse is truly a CEO issue Editor’s choice 2023, a testing year: Will the macro-scenario range widen or narrow? Will the world move to solve its structural problems and make superior short-term choices? Yes or no: that’s the first question on the test. Set your priorities  The complication of concentration in global trade Concentration in the origins of traded products is widespread, prompting questions about whether to diversify or decouple. Get a better view  SUBSCRIBERS LIKE YOU ARE READING Innovation: Your solution for weathering uncertainty When the times get tough, the tough get innovative and create paths to future growth. Discover fresh insights 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 HR’s new operating model Interviews with more than 100 chief human resources officers and people leaders reveal how the HR operating model is changing to drive value in a volatile business environment. Put people first A CEO’s guide to the metaverse It’s too big to ignore—yet its future is far from certain. Companies need to dip a toe in the water and plan to take the plunge should developments warrant. Get a fresh start 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. Be deliberate Diversity, Equity and Inclusion Lighthouses 2023 Leaders need clarity on what works to improve diversity, equity, and inclusion. Our 2023 report shows success factors that contributed to significant, quantifiable, scalable, and sustainable DEI impact. Be accountable ALSO New How ambidextrous leaders manage through volatile times Why Davos matters more than ever The metaverse: Driving value in the mobility sector Five Fifty: Employee well-being: The holistic way Developing dual awareness Sporting Goods 2023: The need for resilience in a world in disarray Closing the digital divide in Black America What is Davos? What to expect in US healthcare in 2023 and beyond Cooking up extraordinary growth for restaurants during a downturn The China imperative for multinational companies Battery 2030: Resilient, sustainable, and circular Asia’s top CEOs embrace change with boldness and resilience Toward a more orderly US energy transition: Six key action areas COVID-19 learning delay and recovery: Where do US states stand Special features McKinsey and the World Economic Forum 2023 As a strategic partner to the World Economic Forum, McKinsey engaged with Davos 2023 participants to identify impact-oriented solutions that can help contribute to a better world. Explore the key themes McKinsey Explainers Find direct answers to complex questions, backed by McKinsey’s expert insights. Learn more McKinsey on Books Explore this month’s best-selling business books prepared exclusively for McKinsey Publishing by NPD. See the list Charting the Path to the Next Normal Our daily chart helps explain a changing world—as we strive for sustainable, inclusive growth. Dive in McKinsey Classics Get the logic and the math right for a successful customer experience transformation program with “Linking the customer experience to value.” Rewind The Daily Read Our must-read insights of the day, delivered to your inbox Monday through Friday—read a sample and sign up for it or any of our 40+ free email subscriptions. Subscribe — Edited by Eleni Kostopoulos, managing editor, New York Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 are a registered member of our Monthly Highlights 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 Highlights" <publishing@email.mckinsey.com> - 11:27 - 4 Feb 2023

• Investing in human capital, supporting Black economic mobility, understanding ESG, and more big reads for the weekend

  Harmony Internal - McKinsey

  Get cozy with these big reads ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   CURATED PICKS FOR YOUR DOWNTIME, FROM OUR EDITORS Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Get cozy this weekend as you catch up on this week’s big reads on prioritizing human capital, investing in Black economic mobility, digital and analytics in life sciences, and more. Anu Madgavkar, Bill Schaninger, Dana Maor, Olivia White, Sven Smit, Hamid Samandari, Jonathan Woetzel, Davis Carlin, and Kanmani Chockalingam explain why firms that prioritize investing in employees deliver top-tier profitability. Emphasize skill development Shelley Stewart III, Ammanuel Zegeye, and their coauthors discuss the eight socioeconomic pillars that can support the growth of Black-owned businesses and bolster Black economic mobility. Download the full report Bjorn Albrecht, Dan Tinkoff, Lieven Van der Veken, and their coauthors explore the life sciences industry’s digital maturity over the years and lessons for the future. Bring the capabilities together Our weekly briefing note on sustainable and inclusive growth explores how to advance toward a decarbonized future while enduring near-term economic shocks, the economics of decarbonizing fleets, a McKinsey Explainer on ESG, and more. Get updated QUOTE OF THE DAY “Advanced connectivity will also mean more preventive medicine, and applied AI and industrialized machine learning will significantly impact science. Think of all the different cancer genomes and all the available treatments, for example. AI can analyze those and predict the best treatment options.” —Jan Van Ruymbeke, CEO of Daiichi Sankyo Europe, on which tech trends he thinks will deliver the most impact in life sciences in the next few years in “How Daiichi Sankyo Europe drives growth with digital and analytics” chart of the day See today’s chart Ready to unwind? What is ESG? Environmental, social, and governance (ESG) criteria are useful in measuring a company’s progress toward achieving social goals in addition to creating shareholder value. Unlock the value  Data Points: Your weekly quiz How well do you know the numbers behind the changes in business, society, and the world? Take the McKinsey weekly quiz to find out. Take the quiz  69-Across: Two-word Elvis Presley hit whose first word can follow each highlighted word in the grid to make a 69-Across Know the answer? Test yourself with the latest McKinsey Crossword, “Woof!” | No. 113. Work like a dog  — Edited by Joyce Yoo, 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> - 06:37 - 3 Feb 2023

• Performance through people: Transforming human capital into competitive advantage

  Harmony Internal - McKinsey

  Emphasize skill development ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  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 Global Institute Performance through people: Transforming human capital into competitive advantage A dual focus on developing people and managing them well gives a select group of companies a long-term performance edge. Emphasize skill development Related Reading Human capital at work: The value of experience  ‘Great Attrition’ or ‘Great Attraction’? The choice is yours  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.

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  by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 02:58 - 3 Feb 2023

• What are some of the biggest disruptions to global food supply?

  On Point

  Four pathways to transform food economies ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  TODAY’S NEWS. TOMORROW’S INSIGHTS. A daily newsletter from McKinsey & Company Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Food for thought In the news • The chew-chew train. In an aim to cut food waste, Japanese companies are creating innovative solutions to repurpose natural materials such as eggshells and orange peels. In one example, fuel processed from excess lard from tonkotsu ramen soup and cooking-oil waste from tempura is used to power an open-air train taken by tourists through the Japanese countryside. While also being a tourist attraction, there’s an added benefit: the biodiesel fills the air with the smell of ramen rather than gasoline. [WaPo] • Consumer culpability. In the US, more than 100 billion pounds of food is wasted each year. That’s 40% of the nation’s total supply of food. Most of that waste is produced not by grocery stores or restaurants but by consumers. Multiple start-ups have cropped up in an effort to address this problem. By offering lumpy or oddly shaped produce for sale, one company reduces the waste of “ugly” produce that might otherwise be discarded. [Axios] Roughly one-third of the food that is produced worldwide is never eaten, which amounts to 1.3 billion tons of wasted food every year. On McKinsey.com • A global problem. Food insecurity, defined as the economic and social conditions that limit access to adequate food and leave people around the world hungry, has been on the rise for years. Global food insecurity rose to 30.4% globally in 2020, up from 22.6% in 2014, propelled by conflict, extreme climate variability, and economic slowdowns. Now, the war in Ukraine—one of the world’s six breadbasket regions—is threatening to tilt the food system into global crisis, reveal McKinsey senior partner Daniel Aminetzah and partner Nicolas Denis. • Resilient food economies. Strong food systems commonly rest upon four building blocks: efficient agricultural production, tailored trade and investment strategies, well-functioning domestic markets, and strategic food and water reserves. Today’s food systems, however, might not be functioning as efficiently as they could. Four pathways could help leaders reimagine incentives for food system actors, create a stronger food system, and reduce food insecurity, according to research from the World Economic Forum’s Food Systems Initiative in collaboration with McKinsey. Learn about food insecurity — 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> - 12:38 - 3 Feb 2023

• How to get remote working right

  Harmony Internal - McKinsey

  Listen now ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  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, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Hybrid and remote work have become the norm for many in recent years, but are these arrangements actually effective? Remote work makes people happier, and a well-organized hybrid environment can boost productivity, says Stanford economist Nicholas Bloom. In fact, having the option of working from home two days a week is as valuable as an 8 percent pay increase—“an enormous amount of money” according to Bloom. For a deep dive into remote work, including its history, how it has grown and evolved during the pandemic, and what practices can make working from home more effective going forward, tune into a conversation with Bloom and McKinsey Global Institute partner Michael Chui in a new episode of the Forward Thinking podcast. Forward Thinking on how to get remote working right with Nicholas Bloom “There’s a lot of scare stories in the media saying hybrid doesn’t work,” says a leading economist. “My one piece of advice is just be intentional, be organized. Basically, get folks in on two, three days a week … and be really tough about having them come in. And then let them work from home on the other days.” Listen now   Quote of the day “During the pandemic, we all came together in the healthcare system to focus on patients. I think focusing on patient outcomes and reimbursing for patient outcomes is how we can put the best interests of the patient in mind again.” —Christi Shaw, CEO of Kite, a Gilead Company, on patient access of the company’s CAR T-cell therapies in “Steadfast but nimble: CEO Christi Shaw on cancer treatment’s cutting edge” Chart of the day See today’s chart   ALSO NEW Semiconductor fabs: Construction challenges in the United States Major semiconductor players have undertaken and announced US-based fab construction projects, and more are under consideration. Here’s a road map for moving ahead. Consider new strategies   How Daiichi Sankyo Europe drives growth with digital and analytics Digital and analytics can markedly improve life sciences companies’ engagement with customers. Daiichi Sankyo Europe’s CEO Jan Van Ruymbeke explains the challenges to adopting digital and analytics and how his company overcame them. Be agile   Smart scheduling for utilities: A fast solution for today’s priorities AI-driven schedule optimizers are alleviating long-standing headaches for utility companies by reducing employee downtime, improving productivity, and minimizing schedule-related service disruptions. Learn more   — 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> - 06:31 - 2 Feb 2023

• The CFO job has gotten more complex. How can leaders hit the ground running?

  On Point

  Seven key mindsets and practices  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  TODAY’S NEWS. TOMORROW’S INSIGHTS. A daily newsletter from McKinsey & Company Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities CFO challenges In the news • Early birds. Many finance leaders tend to be early risers, judging from the responses to one publication’s request to share their morning routines. To be at her best, the CFO of a drug-testing company sets her alarm for 3:20 a.m. to fit in some exercise. Another leader, the CFO of a US bank, spends the first hour of the day checking email, reading the news, and reviewing key economic indexes. A third CFO in insurance begins the workday at 6:01 a.m. and is often in morning meetings. [CFO] • Price pressures. Last year, businesses contending with steeper costs passed off some of them to consumers in the form of higher prices. Now, with the risk of a potential recession and consumers reining in spending, CFOs in 2023 are pondering how much to increase prices, if at all. Some are considering raising prices one item at a time. Others, however, are keeping certain things the same. For instance, one retailer is continuing to offer a hot-dog-and-soda deal for $1.50. That price is “sacrosanct,” the company’s CFO said. [WSJ] The number of functions reporting to the CFO in a typical organization has increased steadily in recent years, from four in 2016 to more than six. On McKinsey.com • A big job. It’s a long climb to chief financial officer, and responsibilities look very different once you’re in the lead, explain McKinsey senior partner Michael Birshan and coauthors. CFOs have reported that they increasingly oversee digital initiatives alongside traditional tasks such as budgeting, planning, and risk mitigation. In addition, CFOs are responsible for the human element of a modern finance function, leading a large group of people and partnering with C-suite colleagues. • What works. Based on years of research and experience working with new CFOs and seeing what works, we’ve identified seven key mindsets and practices that new finance leaders can commit to right from the outset, to help jump-start long-term value creation. A critical first step is to form an independent, fact-based view of the resources, support structures, and activities that support and fall short of creating value. Consider all seven key mindsets and practices that will allow CFOs to hit the ground running. See what CFOs should know — 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> - 12:54 - 2 Feb 2023

• Register Now | Make it is coming to Bangkok

  Adobe

  Join us in person for an action packed session

  Creativity at Scale Our flagship event is now back LIVE in Bangkok on 13 February! Join us in person to discover new ways of bringing creative ideas to life. Creativity has never been more in demand; content velocity is the key to standing out from the crowd across every channel and platform. It all hinges on having the right creative tools at your fingertips. Get your team powered up with the latest Adobe technologies and solve today’s creative challenges! Explore new features, new tools, the latest workflow solutions to improve your business outcomes, and be the driving force for tomorrow’s creative workplace. Make it with Creative Cloud 13 February 2023 1230 – 1700 BKT, GMT+7 Register now Time Session 1230 - 1300 Arrival & Registration 1300 - 1315 Welcome & Keynote 1315 - 1345 Session 1: Ideate • Ideate a new product launch • Create design mood boards and themes and assign tasks 1345 - 1400 Special guest sharing session 1400 - 1415 Tea Break 1415 - 1445 Session 2: Super powers • Create video campaign asset for social • Create hero images and graphics for campaign images 1445 - 1515 Session 3: Speed & Ease • Create virtual customer experiences • Deliver display ads to social and online leveraging video, carousel and still images, links to AR 1515 - 1530 Thank you and Close 1530 - 1700 Experience Centre & Networking   Creativity for all.     Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe in the United States and/or other countries. All other trademarks are the property of their respective owners.   By clicking on some of the links in this email, you might be redirected to forms that will be pre-populated with your contact information. This is a marketing email from Adobe Systems Software Ireland Limited, 4‑6 Riverwalk, Citywest Business Park, Dublin 24, Ireland. Click here to unsubscribe or send an unsubscribe request to the postal address above. Please review the Adobe Privacy Policy: Australia New Zealand Indonesia Malaysia Philippines Vietnam Singapore India Hong Kong To ensure email delivery, add demand@info.adobe.com to your address book, contacts, or safe sender list. If you have a privacy-related complaint, send it to: privacy@adobe.com View in browser

  

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  by "Adobe Creative Cloud for Business" <demand@info.adobe.com> - 10:02 - 1 Feb 2023

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