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.
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