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• 12 months, 3 published books, and 60-plus interviews later

  Readers & Leaders

  Another year in the books ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   THIS MONTH'S PAGE-TURNERS ON BUSINESS AND BEYOND In a year marked by economic uncertainty, global conflict, and a confluence of other disruptions, McKinsey on Books strived to provide business leaders and organizations with educational, actionable, and inspirational insights—with the help of leading authors and business strategists. Senior partners Carolyn Dewar, Scott Keller, and Vik Malhotra shared the key to great leadership in the acclaimed bestseller, CEO Excellence; Dr. Tracy Dennis-Tiwary taught us how to use anxiety to our advantage; and this month, Grubhub cofounder Mike Evans explained how he connects financial return with social impact.  Take a look back at the year in books and catch up on new conversations from Author Talks, plus this month’s top bestselling business books, prepared exclusively for McKinsey by NPD BookScan. Itching for more? Visit McKinsey on Books for the latest, and to get Readers & Leaders in your inbox monthly, click here to subscribe. IT BEARS REPEATING “By the time I was halfway across the country, I thought, ‘Well, that was enough of that.’ I realized I was more interested in the relationships I developed with the other cyclists than in the journey. … It wasn’t my goal when I started the ride, but then that became the goal. There’s this thing that happened at Grubhub that also happened on the bike trip, which is the nature of the human journey: as we approach our goals and we change, our goals change—and it’s okay.” —Mike Evans, cofounder of Grubhub and author of Hangry: A Startup Journey (Legacy Lit, November 2022), in a recent edition of Author Talks A YEAR FOR THE BOOKS March 15: CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest (Scribner) hits bookshelves August 5: McKinsey releases its annual summer reading guide for 2022, with recommendations from CEOs, Nobel Prize winners, and others October 25: The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America (Public Affairs) hits bookshelves November 29: Deliberate Calm: How to Learn and Lead in a Volatile World (Harper Collins) hits bookshelves December 18: The Readers & Leaders newsletter celebrates the first anniversary of its inaugural edition CEO EXCELLENCE NAMED TOP LEADERSHIP BOOK OF 2022 This month, the Next Big Idea Club—a book community curated by Malcolm Gladwell, Susan Cain, and other prominent thinkers—named CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest as the number-one leadership book of the year. Other books on the top 20 list include: - A New Way to Think: Your Guide to Superior Management Effectiveness Catch Roger Martin on Author Talks for more about the book. - Smart Growth: How to Grow Your People to Grow Your Company Catch Whitney Johnson on Author Talks for more about the book. - Tomorrow’s Capitalist: My Search for the Soul of Business Catch Alan Murray on Author Talks for more about the book. - Inclusion on Purpose: An Intersectional Approach to Creating a Culture of Belonging at Work Catch Ruchika Tulshyan on Author Talks for more about the book. MORE BOOKS FROM MCKINSEY Deliberate Calm McKinsey’s new #DeliberateCalmBook offers a unique approach to learning and leading with awareness and intentional choice, even amid the most challenging circumstances. Order your copy now  The Titanium Economy A Wall Street Journal bestseller, McKinsey’s new #TitaniumEconomyBook explores industrial tech and reveals this underappreciated and undervalued sector for what it really is: a reliable source of high-paying domestic jobs and soaring stock prices. Order your copy now  YOUR FAVORITE AUTHOR TALKS INTERVIEWS OF 2022 January: What separates the best CEOs from the rest? with McKinsey senior partners Carolyn Dewar, Scott Keller, and Vik Malhotra February: Hacking into humanity with futurist Amy Webb March: Attributes—not skills—determine whether you ‘cut it’ or not with Navy SEAL commander Rich Diviney April: How to handle your work jerk with NYU associate professor Tessa West May: Make anxiety your ally with Wise Therapeutics founder Tracy Dennis-Tiwary June: The 15-year career is here with rich & REGULAR blog creators Julien and Kiersten Saunders July: Lead like a girl with former marketing executive Dalia Feldheim August: Don’t skip the ‘soft stuff’ with Udemy chief learning officer Melissa Daimler September: How to remove unconscious bias from the workplace with journalist Jessica Nordell October: Turn your work enemies into allies with Harvard Business Review contributing editor Amy Gallo November: What poker pro Annie Duke can teach you about quitting on time with decision-making strategist Amy Duke December: Rules of power from Jeffrey Pfeffer to help you get your way with Stanford professor Jeffrey Pfeffer IN CASE YOU MISSED IT Stanford’s Jeffrey Pfeffer explains which rules to follow and which to break in order to advance your career: “The rules are made by those already in power. If you’re already in power, follow the rules. If you’re not, make your own.” Watch the full interview.  Columbia’s Hitendra Wadhwa knows how to stay true to your inner self: “Pay heed to your inner experience. What are the moments and practices and who are the people who make you feel most connected with the peace, joy, love, and wisdom that exist at the very core of your being?” Watch the full interview. Activist and runner Alison Mariella Désir dismantles the Whiteness of long-distance running: “[It’s] the way that people look at you and are surprised to find you in a certain neighborhood, the way that people say to me, ‘Oh, you run?’ the way that people make assumptions that I must be a beginner, the way a cop might see me running and roll by and look at me funny, making me feel like I have to say hello. …My hope is that, with this book, we can change that.” Watch the full interview. Peter Fader and Michael Ross share their guide for conducting better customer-base audits: “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.” Watch the full interview. Former GuideStar CEO Jacob Harold details how companies across sectors can bring more social impact to their work: “You need to be thoughtful about bringing the experiences of others, the distribution of consequences, and a stance of deep truthfulness to your work, even when that means you have to admit that something you’re doing is going off the rails.” Watch the full interview.  TRANSPARENCY We produced 67 Author Talks interviews this year from conversations with 76 authors. These authors were 43 percent women and 30 percent Black, Indigenous, and people of color. BUSINESS BESTSELLERS TOP 8 Whether you’re unwinding from the holidays or getting a head start on your New Year’s resolutions, find your next entertaining or enlightening read on this month’s list of business bestsellers in eight categories, prepared exclusively for McKinsey by NPD BookScan. Explore the full selection on McKinsey on Books. BUSINESS OVERALL Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Avery Publishing Group) BUSINESS HARDCOVER Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Avery Publishing Group) DECISION MAKING Ideaflow: The Only Business Metric That Matters by Jeremy Utley and Perry Klebahn (Penguin Group USA) ECONOMICS MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them by Nouriel Roubini (Hachette Book Group) ORGANIZATIONAL BEHAVIOR Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Penguin Group USA) WORKPLACE CULTURE The Conversation: How Seeking and Speaking the Truth About Racism Can Radically Transform Individuals and Organizations by Robert Livingston (Random House) DIVERSITY & INCLUSION Caste: The Origins of Our Discontents (Oprah’s Book Club) by Isabel Wilkerson (Random House) SUSTAINABILITY Net Positive: How Courageous Companies Thrive by Giving More Than They Take by Paul Polman and Andrew Winston (Harvard Business Review Press) BOOKMARK THIS What just happened? Join McKinsey Global Publishing on a month-by-month journey through some of the year’s biggest inflection points, plus the insights to help you make sense of them. See the review  Deliberate Calm McKinsey’s new #DeliberateCalmBook offers a unique approach to learning and leading with awareness and intentional choice, even amid the most challenging circumstances. Order your copy now  The McKinsey Download Hub Download McKinsey’s signature reports and special collections on the management issues that matter, from leading through the COVID-19 crisis to managing risk and digitizing operations. Get smart   If you’d like to propose a book or author for #McKAuthorTalks, please email us at Author_Talks@McKinsey.com. Due to the high volume of requests, we will respond only to those being considered. — Curated by Molly Liebergall, 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 Readers & Leaders newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Readers & Leaders" <publishing@email.mckinsey.com> - 11:36 - 31 Dec 2022

• Happy New Year!

  Happy New Year!

  Sangoma wishes you a Happy New Year 2023!

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  by "Sangoma Technologies" <webannounce@sangoma.com> - 04:17 - 30 Dec 2022

• Greet the new year with good news from Remote!

  Greet the new year with good news from Remote!

  The year may be ending, but the need for global talent is only growing. Check out the latest updates for all you need to know.

  Hi MD, Thank you for a wonderful year! As we look back on 2022, we are grateful for the amazing people like you who have made it special. Please enjoy our final update for the year as we look forward to what's in store for 2023. What's happening this month?   The year may be ending, but in the era of global remote work, progress never stops. See below for the latest news on Remote and opportunities to get involved. featured Remote named as #1 in multiple software categories by G2  Reviews from real users earned Remote the #1 spot in the G2 Multi-Country Payroll, Contractor Management and Contractor Payments software categories. Your team deserves the best, and Remote is committed to providing a superior experience for contractors and employees around the world. Check it out Nominate top remote influencers for our next Remote Influencer Report Know a voice in remote work who deserves the spotlight and wasn't included on our 2022 Remote Influencer Report? Nominate them for consideration in our 2023 edition! Nominate an influencer Take the 2022 Global Life-Work Survey Help policymakers and businesses address the individual needs of workers by understanding the impacts of different life-work boundary management styles on health and wellbeing. Take the survey PARTNERSHIP NEWS Gomada and Remote create a recipe for happiness Gomada saw Remote as the right partner to expand global headcount and further the company's positive impact on society. See why in our latest story. Read the customer highlight Calling all recruiting and sourcing agencies Remove location as a barrier to hiring and help your clients scale globally. Join our referral partner program and enable your clients to onboard and compliantly pay your candidates around the globe, plus give them access to exclusive discounts! Connect with us to learn more Access exclusive partner discounts now Have you checked out all the deals customers can get from our newest marketplace partners, like IWG, Localyze, Perkbox, TriNet, and Vowel? Learn how to get special discounts on their products to help grow your global business in 2023. Explore all the offers on-demand webinar On-Demand Webinar: Creating a leading global people function for remote hiring Don't worry if you missed any insights from our recent event with OfferZen — we've got the recording ready for you! Watch as our VP of People shares what she has learned from scaling our global headcount and sourcing tech teams from global talent pools. Watch now from the blog Calculate the real-world costs of hiring international employees Hiring international talent, from wherever the best employees can be found, makes perfect sense. But do you know how much to budget when hiring international employees? Remote's Employee Cost Calculator can help! Try the cost calculator How to support neurodivergence with remote and async work  Increased availability of remote work may have created more opportunities for neurodivergent workers, but opportunity and reality are not the same thing. Truly supporting neurodivergence in the workplace requires deliberate and thoughtful effort from managers and HR leaders. Learn how Managing time off requests just got easier with the Remote API Looking to offer new solutions to your customers? Or maybe you want to build a more integrated process for your own team? Our powerful API enables you to safely share global employee data across platforms and get a single view of PTO across the business. Learn more You've got questions? We've got answers.   Save time with 24/7 access to Remote’s Help Center.   Check it out REQUEST A DEMO You received this email because you are subscribed to News & Offers 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 © 2022 Remote Technology, Inc. All rights reserved.

  

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  by "Remote" <hello@remote-comms.com> - 10:01 - 29 Dec 2022

• Season one, it's a wrap!

  Season one, it's a wrap!

  All About APIs is the podcast on designing, launching and maintaining APIs that unlock new growth opportunities. Listen and subscribe today!

  View in browser Hi MD Abul   After eight delightful and insightful episodes, season one of our beloved podcast, All about APIs, is a wrap!    This means you can access the entire collection here.   All About APIs is a podcast about designing, launching and maintaining APIs to unlock new growth opportunities.   Hosted by Tyk Product Evangelist, Budha, and Tyk Director of Solutions Architecture, Sedky, All About APIs features seasoned API practitioners, product leaders and architects sharing tangible advice on what it takes to grow your business via the use of APIs successfully. Listen to our experts and special guests chat all about: New API-enabled growth opportunities Developer experiences Collaborative design and governance Architectural and security best practices Plus, so much more You'll hear cutting-edge insights, actionable takeaways, and real-life API experiences. Listen now If you like what you hear, be sure to like, rate and subscribe so you can be the first to know when we go live with season 2 early next year!   A huge thanks to all the listeners who have tuned in, our brilliant hosts, Budha and Sedky, and our amazing guests who helped make the show a success.    Happy listening,  Kayleigh Duggan Tyk Marketing kayleigh@tyk.io Tyk, 756 W Peachtree St. NW, WeWork, 4th Floor, Atlanta, Georgia GA 30308, USA, +1 (404) 4511123 Unsubscribe Manage preferences

  

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  by "Kayleigh Duggan" <kayleigh@tyk.io> - 11:02 - 28 Dec 2022

• OBD - White Label GPS Tracking Software

  OBD - White Label GPS Tracking Software

  Start your profitable GPS tracking business.

  Ensure vehicle safety with an OBD system 65+ countries | 500,000+ units | 50,000+ happy customers Tracker independent | Supports multiple language Download E-Book An On Board Diagnostic system gathers and reports crucial performance data from vehicles. This can include engine RPM, coolant temperature, fuel level, battery voltage etc. Get better fuel efficiency and driver safety with reduced emissions and maintenance costs. Crucial Reports Health status report With a summary of the entire fleet’s health, the report makes it simple to find issues and fix them for individual vehicles. Battery voltage report Powering everything from electrical components to the starting system, batteries are crucial. Ensure a long battery life. Engine temperature Get an accurate picture of the engine's overall condition and discover potential maintenance issues. Real-time updates Get real-time updates on the live tracking screen and resolve issues before they become big problems. 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 - 28 Dec 2022

• TPMS - White Label GPS Tracking Software

  TPMS - White Label GPS Tracking Software

  Start your profitable GPS tracking business.

  TPMS for efficient pressure monitoring 65+ countries | 500,000+ units | 50,000+ happy customers Tracker independent | Supports multiple language Download E-Book Proper tire pressure is vitally important for the safety of drivers and vehicles, and can also save fleet owners money on fuel costs. Under and over-inflated tires are a major cause of accidents. Key Benefits Prevent accidents Underinflated can lead to blowouts and loss of control of the vehicle. Over-inflated tires can also cause premature wear and tear. Increase fuel economy Prevent excess fuel usage and premature wear on fleet tires. This will lead to increased fuel economy. Prevent skidding with TPMS On slippery roads, low-pressure tyres start to skid. This leads to drivers losing control of the vehicle. Act before it's too late. Real-time alerts Avoid serious issues with real-time alerts. Know right away if fleet tyres have low pressure or low temperature. 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 - 26 Dec 2022

• Our most-read leadership advice

  Harmony Internal - McKinsey

  Catch up as we pause for the holidays ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Great leaders know the value of taking time to rest and recharge—and we’re following their advice by taking a break from our usual Leading Off delivery schedule this holiday season. We hope you’re also finding some space to slow down and enjoy time with friends and family. On January 9, we’ll be back in your inbox with more research and insights on the future of leadership. While we’re away, here are some of our recent most-read issues for you to revisit: Beyond the basics: A leader’s guide to understanding technology A leader’s guide to social responsibility The art of influence: A leader’s guide If you have friends or colleagues who might enjoy Leading Off, consider forwarding this email to them or sharing it on LinkedIn, Twitter, or Facebook. They can sign up for this or any of our 40+ other free email subscriptions at mckinsey.com/subscriptions. (And you might also want to revisit that page to see our full newsletter lineup.) Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 © 2022 | 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> - 02:57 - 26 Dec 2022

• Did you miss any of our most-read issues?

  Harmony Internal - McKinsey

  Tackling toxic behavior, women in the workplace, and corporate growth ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Thanks for reading On Point and joining the conversation as we connect daily news to what it means for your business. We’re taking some time off for the holidays, but until we’re back in your inbox on January 9, we hope you’ll enjoy revisiting some of our most-read recent issues: Toxic behavior is common at work. What can leaders and employees do to tackle it? Women are going through a “Great Breakup” with work. What should employers know? Why is corporate growth so difficult to achieve? If you have friends or colleagues who might enjoy On Point, consider forwarding this email to them or sharing it on LinkedIn, Twitter, or Facebook. They can sign up for this or any of our 40+ other free email subscriptions at mckinsey.com/subscriptions. (And you might also want to revisit that page to see our full newsletter lineup.) Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 © 2022 | 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> - 12:51 - 26 Dec 2022

• Top 10 articles this quarter

  McKinsey&Company

  At #1: Women in the Workplace 2022 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   For direct answers to complex questions, check out McKinsey Explainers. Top Ten Newsletter | Fourth Quarter 2022 Our top ten articles this quarter look at CEO priorities, ushering in a new era, the state of fashion, and more. At No. 1, Alexis Krivkovich, Ishanaa Rambachan, Monne Williams, and Lareina Yee, in partnership with LeanIn.Org, reveal why women leaders are switching jobs at the highest rates ever seen. 1. Women in the Workplace 2022 Women leaders are switching jobs at the highest rates we’ve ever seen, and ambitious young women are prepared to do the same. To make meaningful and sustainable progress toward gender equality, companies need to go beyond table stakes. That’s according to the latest Women in the Workplace report from McKinsey, in partnership with LeanIn.Org. Rise to the moment  2. What matters most? Six priorities for CEOs in turbulent times With economic troubles mounting, it’s a time to tighten belts and put on hard hats. But don’t forget the jet pack, to accelerate into the next phase of growth. Take courage  3. On the cusp of a new era? Current economic and political turbulence could presage the start of a new era that is structurally very different with a new narrative of progress. Download the full discussion paper  4. The State of Fashion 2023: Holding onto growth as global clouds gather In 2023, the global fashion industry will need to weather inflation while finding opportunities in shifting consumer patterns, channel and digital marketing strategies, and manufacturing approaches. Understand the system  5. Digital twins: The foundation of the enterprise metaverse Companies can leverage digital twins in a way that delivers significant value today—while building the engine for the enterprise metaverse of tomorrow. Take the journey  6. Raising the resilience of your organization Repeatedly rebounding from disruption is tough, but some companies have a recipe for success: a systems mindset emphasizing agility, psychological safety, adaptable leadership, and cohesive culture. Adapt now  7. Tech at the edge: Trends reshaping the future of IT and business With technological change accelerating, companies need to make four fundamental shifts. Get ready  8. Embedded finance: Who will lead the next payments revolution? Winners are already emerging in the race to provide banking and payments infrastructure for embedded finance, but incumbents and new entrants still have time to claim a share of this dynamic market. Capture value  9. A defining moment: How Europe’s CEOs can build resilience to grow in today’s economic maelstrom Can leaders lift their companies to the next frontier of resilience—not only to survive but also to thrive? Get the bigger picture  10. Why bad strategy is a ‘social contagion’ Author and academic Richard Rumelt explains how to develop strategies that aim to solve problems rather than simply state ambitions. Solve problems  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. McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. Follow us 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 Top Ten Most Popular newsletter. Manage subscriptions | Unsubscribe Copyright © 2020 | McKinsey & Company, 55 East 52nd Street, New York, New York 10022

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  by "McKinsey Top Ten" <publishing@email.mckinsey.com> - 03:27 - 24 Dec 2022

• Look back at some of our readers’ favorite recent charts

  Harmony Internal - McKinsey

  Revisiting highlights before the holiday break ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Thanks for reading the Week in Charts as we aim to provide you with the visuals you need to understand today’s biggest business and management challenges. Now the data shows that it’s time for a short holiday hiatus, though we’ll resume our weekly send schedule on January 7. While we’re away, take a look back at some recent charts that resonated most with our readers: Betting big on quantum Quitting for greener pastures? Investors get a kick out of e-scooters If you have friends or colleagues who might enjoy The Week in Charts, consider forwarding this email to them or sharing it on LinkedIn, Twitter, or Facebook. They can sign up for this or any of our 40+ other free email subscriptions at mckinsey.com/subscriptions. (And you might also want to revisit that page to see our full newsletter lineup.) Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 © 2022 | 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> - 11:21 - 24 Dec 2022

• Route Optimization - White Label GPS Tracking Software

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  by "Jignesh Pardeshi" <official@uffizio.in> - 11:15 - 23 Dec 2022

• Read some of our most popular recent issues

  Harmony Internal - McKinsey

  Bad strategy, the metaverse, and more ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   We hope you’re enjoying this newsletter’s daily dose of hand-selected articles, charts, and quotes from the latest McKinsey insights. After today, Daily Read will be taking a brief pause before returning to your inbox on January 4. Until then, make sure you didn’t miss some of our most popular recent issues: Understanding good strategy and bad strategy Digital twins: the foundation of the enterprise metaverse The untold story of industrial technology companies If you have friends or colleagues who might enjoy The Daily Read, consider forwarding this email to them or sharing it on LinkedIn, Twitter, or Facebook. They can sign up for this or any of our 40+ other free email subscriptions at mckinsey.com/subscriptions. (And you might also want to revisit that page to see our full newsletter lineup.) Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 © 2022 | 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> - 06:58 - 23 Dec 2022

• Recession-ready resources right here >

  

  All the insights, tips, and tools you need to guide you through tough times.

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  Keep it up   We want you to know that help is always here at Fiverr. That’s why we created The Lift, an initiative to help solopreneurs, small businesses, and teams take it step-by-step when it comes to recession prep. Want all the helpful tips, actionable insights, downloadable resources, and dependable support to keep your business going in uncertainty? Step in         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> - 07:05 - 23 Dec 2022

• Catch up on popular recent issues—as we pause for the holidays

  Harmony Internal - McKinsey

  From future tech to Europe’s economy ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Thanks for continuing to wrap up your week with the Shortlist, where we tackle the biggest questions in business, management, and global economic news. We’re taking some time at the end of this year to rest, regroup, and celebrate the holiday season—and we hope you’re able to do the same. We’ll be back in your inbox early next year with a refreshed format that should make it even easier for you to take in each week’s need-to-know ideas. During our time away, we offer a look back at a few recent issues our readers loved the most: Your fridge, the wellness monitor? Welcome to life in the 2030s How Europe’s CEOs can push through swirling economic currents. These 14 technology trends matter most. If you have friends or colleagues who might enjoy the Shortlist, consider forwarding this email to them or sharing it on LinkedIn, Twitter, or Facebook. They can sign up for this or any of our 40+ other free email subscriptions at mckinsey.com/subscriptions. (And you might also want to revisit that page to see our full newsletter lineup.) Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 Shortlist newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Shortlist" <publishing@email.mckinsey.com> - 02:16 - 23 Dec 2022

• What just happened? Take a journey through some big inflection points.

  On Point

  Our 2022 year in review  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  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 A 2022 retrospective In the news • RSVP yes. In-person corporate holiday parties have come roaring back after a hiatus of two years. While some businesses are tightening belts as the economic outlook worsens, others have shelled out substantial sums to bring together colleagues who may be meeting one another for the first time, given stalled efforts to bring about an all-out return to the office. In-person parties may help nudge employees back there, according to a company that has polled organizations on their end-of-year party plans for roughly two decades. [WaPo] • The hybrid-work war. Executives thought 2022 would be the year employees returned to offices, but it wasn’t. At the beginning of the year, the office occupancy rate was more than 23%, which by April would jump to 43%, where it remained for the spring and summer. The occupancy rate reached 49% in December, after months of efforts to lure employees back with a mix of in-office perks and threats. As a result of the tug-of-war between employers and employees, the future of work is evolving in real time. [Fortune] Looking back, 2022 was another year of upheaval—one of many recently. The changes we’ve seen this year are not garden-variety disruptions. On McKinsey.com • A focus on food. One of the year’s defining economic stories has been soaring food costs. The convergence of the COVID-19 pandemic, supply chain constraints, and climatic events disrupted the global food supply, and many countries remain highly vulnerable to food shortages. Waste is also a concern: an estimated $600 billion a year of food (up to half of total production) is lost at or near farms, during or just after harvest, according to McKinsey senior partners Clarisse Magnin and Björn Timelin. • Transforming energy. Another theme that occupied the minds of leaders in 2022 is energy: Europe faced a record-breaking heat wave in August, and Pakistan was devasted by unprecedented floods. Meanwhile, geopolitical conflict created uncertainty in Europe’s energy supply. Conversations around the energy transition also accelerated this year, since energy use accounts for as much as 83% of all carbon dioxide emissions, as senior partners Hamid Samandari, Jonathan Woetzel, Sven Smit, and others note in a McKinsey Global Institute report. Discover the year-defining themes that shaped our world. A look back at 2022 — Edited by Alexandra Mondalek, editor, New York Please note: For our December 16 issue (“What role will women play in the metaverse?”), we printed that 17% of VC dollars go to women-led companies; to clarify, that figure is for women-led companies across all industries. For women-led metaverse companies, the figure is 10%.   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 © 2022 | 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 - 23 Dec 2022

• The secret to great health? Escaping the healthcare matrix

  Harmony Internal - McKinsey

  Look at the big picture ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  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 Everyone wants better health, especially at this time of the year. So it may not be a surprise that more than 90 percent of all healthcare spending is focused on treating physical disease or symptoms. But did you know that most countries don’t even try to systematically measure mental, social, and spiritual health despite the fact that they are just as important as physical health? And even with more than $8 trillion spent each year globally to prevent disease, symptoms, and death, there is no standardized way of defining and measuring optimal health. In a new article, McKinsey Health Institute coleaders Lars Hartenstein and Tom Latkovic suggest we think more broadly about how we approach health and what it means to be healthy. Be sure to check it out and start the new year with a healthy mindset. The secret to great health? Escaping the healthcare matrix The blueprint to achieve a lifetime of great health is increasingly clear and within our control. But unlocking it requires challenging the orthodoxies currently guiding individuals and institutions. Look at the big picture Quote of the day “There is a saying that the most exciting companies are born in times of crises. Looking at today’s megatrends, such as cleantech, we see a clear shift away from the next shopping app or direct-to-consumer offerings toward ideas that have a truly positive impact on society.” —Jenny Dreier, an investor at EQT Ventures, in “How start-ups can manage uncertain times: Insights from leading European venture capitalists” Chart of the day See today’s chart ALSO NEW Business building: The path to resilience in uncertain times In an uncertain economy, executives’ first instinct might be to cut costs and shore up established holdings. A better way is to build new businesses. Start today   To regionalize or not? Optimizing North American supply chains Companies have much to consider when deciding whether to relocate all or part of their production and supply chain footprints to meet North American market needs. Accelerate and grow   Fleet decarbonization: Operationalizing the transition Fleet operators are under pressure to transition to greener business models. A strategic approach can help ensure that they optimize costs and engage effectively with new technologies. Make an optimal transition   — 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 © 2022 | 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> - 06:42 - 22 Dec 2022

• Follow-up Invite to API Exploration Beta

  SmartBear

  Be part of our beta program for a new API exploration tool!

  Hi Abul Have you had a chance to check out our API Exploration beta yet? When you’re asked to work with an existing API, it’s frustrating to spin your wheels trying to understand its endpoints and how to use it. Our API exploration tool adds ease and efficiency to the process, letting you focus on how to best integrate the API into your application and move on to the rest of your to-do list. To learn more about our beta capabilities, review our docs or jump right in!   Join the beta   Let me know if you have any questions. Best, Andrew   Andrew Marotta Growth Marketing Manager 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 at SwaggerHub" <swaggerhub-team@smartbearmail.com> - 10:03 - 22 Dec 2022

• Have you read our top stories on diversity, equity, and inclusion?

  Harmony Internal - McKinsey

  Catch up during the holiday break ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Thank you for your readership of Intersection as we’ve worked to provide insights that inspire change in the workplace and empower employees from all backgrounds. We’ll be taking a pause at the end of this year to relax and recharge before returning to your inbox in the new year with more insights about inclusivity and diversity.  In the meantime, here are some of our top issues from the past year in case you missed or want to revisit them: Women leaders are leaving jobs like never before. The next generation is set to follow Asian Americans are a diverse and fast-growing workforce—with the highest income inequality in the US A trans leader on the importance of telling your story If you have friends or colleagues who might enjoy Intersection, consider forwarding this email to them or sharing it on LinkedIn, Twitter, or Facebook. They can sign up for this or any of our 40+ other free email subscriptions at mckinsey.com/subscriptions. (And you might also want to revisit that page to see our full newsletter lineup.) Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 Intersection newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Intersection" <publishing@email.mckinsey.com> - 01:21 - 22 Dec 2022

• Many retailers are stuck with excess stock. How can they get markdowns right?

  On Point

  Four questions that matter for markdowns  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  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 Why markdowns matter In the news • Deep discounts. US retailers’ shops are so crowded with excess inventory that they’re asking suppliers to stop delivering even the goods that are popular with consumers. In July through September 2022, 20 of the biggest US apparel companies carried an average of $2.1 billion worth in inventory, a 26% increase from 2019. Last year, supply chain bottlenecks kept holiday merchandise from reaching stores until early 2022, leading to stockpiles of unsold products. As stores resort to deep discounts to offload goods, consumers can expect blockbuster deals. [Bloomberg] • US retail spending slows. US retail spending flagged in November as consumers reined in purchases of autos and holiday items. Retail sales dropped 0.6% in November from October, the largest decline this year. Consumers are spending more on food and other essentials, which leaves less money for holiday shopping, observed one retail analyst. Even with Thanksgiving, Black Friday, and Cyber Monday sales, spending on clothes, electronics, and sporting goods fell. Still, consumers spent more on dining out, suggesting healthy demand for services. [WSJ] Consumers are going on the defensive financially—they have twice as much in cash savings (or $3.7 trillion more) than they had in the fourth quarter of 2019. On McKinsey.com • Sitting on excess stock. US consumers have kept retailers on their toes lately. Consumer spending recovered relatively quickly after the onset of the COVID-19 pandemic in early 2020. By 2021, consumer demand exceeded retailers’ stock levels. Since then, high inflation and fears of an economic recession have made consumers more cautious about spending, resulting in the opposite situation: more stock than demand. For many retailers entering this holiday season with high inventory levels and declining profitability, getting markdowns right will be critical, say McKinsey senior partner Becca Coggins and colleagues. • Slumping demand. With consumer demand slumping throughout 2022, items that were once hot commodities—such as coffee makers, exercise bikes, and loungewear—have been piling up in stores. But a host of other challenges, including ongoing supply chain problems and labor shortages, is also muddying the outlook for 2023. Retailers must become more responsive to stay ahead in a volatile world. By treating markdowns as an afterthought, many are leaving money on the table. Consider four questions that can help retailers get markdowns right. Learn more about markdowns — 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 © 2022 | 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> - 12:43 - 22 Dec 2022

• Temperature Monitoring - White Label GPS Tracking Software

  Temperature Monitoring - White Label GPS Tracking Software

  Start your profitable GPS tracking business.

  Temperature Monitoring 500,000+ units | 50,000+ happy customers | 65+ countries Tracker independent | Supports multiple language Download E-Book Use our temperature monitoring module and transport goods at ideal temperatures. Keeping temperatures just right! Alerts for the slightest changes in temperature Temperature readings in kelvin(°k), Celsius(°C), Fahrenheit(°F) Fewer losses because of product spoilage Get temperature-related summary for further analysis Get a demo Fleet Management Platform That Grows With You 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 - 21 Dec 2022