Bloomberg New Economy Forum

As the exclusive knowledge partner to the Bloomberg New Economy Forum (NEF), McKinsey supports the NEF’s mission to bring together leaders from developed and emerging economies to transcend divisions and enact real change aimed at fostering sustainable and inclusive growth.

McKinsey engages with the New Economy Forum year-round through support for NEF Councils on Cities and Health, as well as for the Bloomberg NEF Cancer Moonshot, a new global initiative involving industry leaders and policymakers from the US and China. The partnership’s flagship event is the annual New Economy Forum, which convenes top executives, senior politicians and policymakers, and thought leaders from across the globe.

Health | Cities | Climate | Trade | Finance | Inflation

Blog Post

A defining leadership moment

– The world is contending with a number of challenges: economic uncertainty and rising inflation, the war in Ukraine, food insecurity, an energy crisis, and a lingering pandemic.

Health

Over the last century, society has made incredible progress in extending life. But while life expectancy has increased, so has the amount of time spent in moderate to poor health, and significant inequities persist both across and within countries.

At its best, the global response to COVID-19 demonstrates that when resources and motivation coalesce, scientific breakthroughs and large-scale behavior change are possible in very short periods of time. How can we use this approach to address the greatest healthcare problems of the post-pandemic world?

Workforce health and burnout

Article - McKinsey Health Institute

Present company included: Prioritizing mental health and well-being for all
– A McKinsey Health Institute survey across 15 countries highlights how employers can make mental health a reality, especially for... young workers.
Article

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.
Interview - McKinsey Health Institute

Leading with compassion: Prioritizing workplace mental health
– Mental-health advocate Poppy Jaman identifies strategies companies could employ to improve the health and well-being of their... workforces.
Article - McKinsey Quarterly

Overcoming stigma: Three strategies toward better mental health in the workplace
– Employees are worried about their mental health as they return to the workplace after the COVID-19 pandemic. Stigma can exacerbate... their concerns, but employers can thwart its impact.
Report - McKinsey Global Institute

Human capital at work: The value of experience
– Human capital represents two-thirds of wealth for the average individual—and work experience contributes almost half of... that value.

Health equity

Article

Digital health: An opportunity to advance health equity
– Digital health solutions have the potential to make healthcare more equitable. Here’s how innovators can deliver on that... promise.
Podcast

Meeting the member where they are: What is the future of health equity?
– A conversation about addressing the well-being of underserved patient populations and ensuring zip codes are not a key predictor... of health outcomes.
Article

Health equity: A framework for the epidemiology of care
– Pharmaceutical and life sciences companies can unlock new opportunities, help underserved patients, and build a cycle of trust.
Article

Patients struggle with unmet basic needs: Medical providers can help
– Addressing unmet basic needs can have a positive impact on health access and outcomes. Here are some best practices for providers.

Healthy aging

Report - McKinsey Health Institute

Adding years to life and life to years
– At least six years of higher quality life for everyone is within reach.

Aging reframed: Seeing aging as an opportunity in healthcare
– An inspiring conversation about aging, women in leadership, and the chance to change the narrative on old age.
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Podcast

The economic impact of ageism
– New research quantifies the struggles that midcareer workers—those 45 and over—worldwide face and suggests possible interventions... to level the playing field.

Healthcare system resilience

Article

Around the world, nurses say meaningful work keeps them going
– While some surveyed nurses said they plan to leave direct patient care, the effects of COVID-19 on the nursing workforce may be... leveling off.
Article

The gathering storm: An opportunity to reorder the healthcare industry
– Leaders will redesign their organizations for speed, accelerate productivity improvements, reshape their portfolio and innovate... new business models, and reallocate constrained resources.
Interview - McKinsey Health Institute

‘When it comes to mental health, all countries are developing countries’
– Psychiatrist and Harvard professor Shekhar Saxena defines human health holistically and thinks creatively about how to expand... access to mental-health services around the world.
Article

The gathering storm: The uncertain future of US healthcare
– Forces are acting to challenge affordability and access in healthcare and threatening the industry’s economic outlook. At-scale... innovation is key to filling the gaps.

Cities

Cities have long been the fundamental engines of human progress. Today, 55% of humanity lives in cities, a number projected to grow to 60% by 2030. Just 600 cities fuel more than 65% of global economic growth, while 100 of them account for roughly 40%. As the future of the global economy increasingly shifts East and South, cities in those regions will grow in importance.
Article

Reducing embodied carbon in new construction
– Three-quarters of the $9.2 trillion in infrastructure spending needed per year until 2050 will go toward new construction—offering... opportunities to fight climate change by reducing embodied emissions.
Article

Investing in pathways to decarbonize infrastructure
– The net-zero transition requires a deep understanding of emissions drivers by asset class, opportunities specific to each asset,... and the development and rigid execution of decarbonization options.
Podcast

Addressing unequal opportunity in an American city
– Spatial inequality limits opportunities for millions of Americans. How can companies leverage their unique positions to promote... sustainable, inclusive growth in the communities they call home?
Blog Post

Minimobility: The next big thing in urban mobility?
– Two-wheeled micromobility options, especially e-kickscooters and electric cargo bikes, have become very popular in cities. Three-... and four-wheeled minimobility may be the next big thing.
Article

Fostering an inclusive urban-transit system
– How can we make traveling in cities safer and more comfortable for members of at-risk groups?
Interview

Author Talks: Steve Case identifies the US cities driving new innovation—and it’s not where you think
– For the past decade, most venture capital funding in the United States went to three cities, but Steve Case says a convergence... of social, technological, and policy factors is rebalancing the scale.

Climate

After more than 10,000 years of relative stability—the full span of human civilization—the Earth’s climate is changing. The size and pace of the change required to meet this global challenge is unprecedented. Success will require understanding the nature and extent of physical risk from a changing climate, accelerating the world’s ability to adapt, and pursuing innovative paths to decarbonize at scale.
Article - McKinsey Quarterly

A devilish duality: How CEOs can square resilience with net-zero promises
– Amid turbulence on the path to net zero, leaders will have to be much nimbler to balance resilience with an energy future that... is secure, affordable, and clean. Five actions can help.
Collection

Decarbonizing the world’s industries: A net-zero guide for nine key sectors
The sectors that produce the majority of global greenhouse-gas emissions face a steep challenge to decarbonize, but our research... shows that solutions are within reach. In many cases, a transformation is well underway. This collection draws together articles and reports that lay out a pathway to net zero for nine emissions-intensive industries
Article - McKinsey Quarterly

Does ESG really matter—and why?
– Although valid questions have been raised about ESG, the need for companies to understand and address their externalities is likely... to become essential to maintaining their social license.
Blog Post

How Big Business Is Taking the Lead on Climate Change
– In retrospect, the most significant outcome of COP26—the UN Conference on Climate Change that convened in Glasgow on October... 31, after a year-long postponement—may not have been the formal agreement hammered out by diplomats in the main plenary hall but the momentum that emerged from the meetings and conversations among global business leaders that took place along the sidelines.
Article

Where the world’s largest companies stand on nature
– While Global 500 companies increasingly recognize the importance of nature, few companies have established nature-related commitments... outside of carbon.
Article

Spotting green business opportunities in a surging net-zero world
– Explore how 8 industries may transition to reach a 2050 net-zero scenario, and how organizations can respond with new green businesses... that create value along the way.
Report

Blue carbon: The potential of coastal and oceanic climate action
– Nature-based climate solutions in the world’s oceans can play an important role in conservation and carbon abatement efforts... worldwide.
Article

Delivering the climate technologies needed for net zero
– Developing and deploying climate technologies is critical for the world’s net-zero agenda. Growth could await businesses willing... to innovate quickly and to collaborate across value chains.
Article

Capturing the green-premium value from sustainable materials
– Materials are the next net-zero frontier. To seize the opportunity, green-materials producers and buyers must act now.

Trade

In recent decades, value chains have grown in length and complexity as companies have expanded around the world. Meanwhile, the global pandemic and events such as the war in Ukraine are the latest in a series of disruptions to global trade, demonstrating how globalization can impact self-sufficiency. Future models for trade must marry the interdependence and complexity of the modern supply chain with greater resilience, agility and sustainability
Discussion Paper - McKinsey Global Institute

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.
Article

How to prepare for a sustainable future along the value chain
– Consumer-goods companies are setting ambitious sustainability targets for themselves. To reach those targets, however, changes... are required along the entire value chain—with a concrete road map.
Podcast - Talking Banking Matters

Transforming global trade: Views from Tradeshift CEO Christian Lanng
– The leader of the Danish-born fintech talks about modernizing B2B payments, the significance of global trade, and an early meeting... with a Silicon Valley mentor that keeps him centered.
Report

Green corridors could lead the way to zero-carbon shipping. But how can they become a reality?
– A new report by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in collaboration with McKinsey lays out... a blueprint to assess the feasibility of green corridors.
Article

Future-proofing the supply chain
– With supply chains in the spotlight, three new long-term transformation priorities form a fresh focus for competitive advantage.
Video

Overcoming global supply chain challenges
– McKinsey’s Tom Bartman discusses what’s causing disruptions in global supply chains and how key stakeholders are responding.
Article

Unlocking hydrogen’s power for long-haul freight transport
– As the demand for hydrogen in transportation increases, it is imperative to develop infrastructure to supply trucks, buses, and... cars.
Article

Risk and resilience in consumer-goods supply chains
– Consumer-goods makers’ supply chains are weathering enormous strain. Here’s a quick look at how to strengthen them... for the future.
Article

Four ways pharma companies can make their supply chains more resilient
– Pharmaceutical supply chains have become global and complex. With more outsourcing, new modalities, and novel ways to reach patients,... it’s critical to ensure that they can withstand shocks.

Finance

Inflation, interest rate hikes and supply chain disruptions, paired with a call for sustainable and equitable finance, offer unique challenges for financial institutions and companies; yet these conditions also place finance at the forefront of the economy’s transformation. Navigating this environment will require companies to increasingly understand and learn how to serve markets that are changing radically – socially, demographically and technologically.
Article

Global Economics Intelligence executive summary, September 2022
– Central banks sustain aggressive policy tightening; industrial activity picks up in emerging economies; financial-markets uncertainty... works to strengthen the dollar.
Article - McKinsey Quarterly

Reflections on 20 years of McKinsey on Finance—and three challenges ahead
– Revolutionary innovations, brilliant ideas, and climate imperatives will change everything—except the fundamentals of finance... and economics.
Article - McKinsey Institute for Black Economic Mobility

Investing in—and with—Black consumers in financial services
– Financial-services companies—specifically in banking and insurance—have an opportunity to address equity and gain... commercial benefits by better serving Black consumers.
Survey

The coronavirus effect on global economic sentiment
– In the latest survey, inflation and geopolitical conflicts remain the top perceived economic risks, while concerns about energy... volatility predominate in Europe.
Report

Reshaping retail banks: Enhancing banking for the next digital age
– The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves,... focusing on businesses where they can achieve and extend market leadership in the new digital world.
Blog Post

Consumer trends in digital payments
– US consumers are increasing digital payments use in a variety of ways. User expectations around payment features and integration... reveal evolving opportunities for providers.
Podcast

Financial inclusion and sustainable, inclusive growth in action
– Access to financial services remains a significant barrier to prosperity for millions of Americans. How can businesses promote... financial inclusion and support sustainable, inclusive growth more broadly?

Inflation

Inflation across economies has risen well above the roughly 2% target that many central banks set and is likely to stay high into 2023 or even beyond. These high levels of inflation pose challenges for businesses, consumers, and governments that few leaders have navigated before. Companies must leverage mechanisms across their entire supply chain to navigate the consequences of this new inflationary environment.
Article - McKinsey Quarterly

Navigating inflation: A new playbook for CEOs
– Few chief executives have faced the challenge of leading a company through an inflationary spike like today’s. Lessons from... strong leaders and bold action can help CEOs make the decisions that only they can make.
Article

Pricing during inflation: Active management can preserve sustainable value
– Industrial players are paying more attention to their pricing strategies to cope with inflation and ensure sustainable impact.
Article

How inflation is flipping the economic script, in seven charts
– The troubling trend is spilling over into every corner of the global economy, with dramatic effects. McKinsey Global Publishing... looks at the latest data.
Article

Outsprinting the energy crisis
– High energy costs are hitting Europe’s industrial players hard. Bold action could protect margins today and make companies... cleaner, stronger, and more profitable for the future.
Article

Navigating inflation in retail: Six actions for retailers
– Retailers are facing the possibility of persistent inflation—but they can meet that challenge in ways that streamline operations,... retain customers, and drive profitable growth.
Blog Post

Rethink performance metrics when inflation is high
– When inflation is high and expected to stay there a while, metrics like EBITA and ROIC can be less reliable as indicators of performance.
Article

The gathering storm: The transformative impact of inflation on the healthcare sector
– Inflation is at record highs and is now blowing through healthcare.