McKinsey Global Institute

Some industries are reshaping our world and driving an outsize share of profits and growth in the economy. We can already see it in how we access information, use virtual assistants, build homes, power up, and even treat diseases. Behind these shifts are the most promising pockets of the industrial landscape, clusters of innovation moving faster than the rest of the economy as they scale, writes Kweilin Ellingrud in Forbes.

This year marks a defining milestone for the United States: 250 years since the signing of the Declaration of Independence. Anniversaries invite celebration—but also reflection. For much of its history, the United States has been the world’s most competitive major economy. The deeper question, my colleagues and I explored in a new McKinsey Global Institute report, At 250, Sustaining America’s Competitive Edge, is whether it can remain competitive in the future in a far more complex and contested world, writes Kweilin Ellingrud in Forbes.

New McKinsey Global Institute research finds that the business case for climate adaptation is compelling: it’s a strong buy. Every dollar spent today on proven measures like air conditioning, irrigation and sea dikes avoids US$3 in damages on average. At 2°C of warming, that payoff jumps to seven to one, write Mekala Krishnan, Annabel Farr, and Kanmani Chockalingham in Sustainability Magazine.