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MGI in the news

Reports issued by the McKinsey Global Institute are often cited in international media, and MGI authors frequently contribute to leading business publications. We offer a selection of articles below.

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Recent coverage

Article - Brookings

Asia’s consumer map is being redrawn

– Asia is the world’s consumption growth engine—miss Asia and you could miss half the global picture, a $10 trillion consumption growth opportunity over the next decade, write Jeongmin Seong and Tiago Devaso in Brookings Future Development blog.
Article - China Daily

China’s consumption story steadily evolving

– China’s consumption story is evolving. Rising incomes still matter, but the primary feature of the next decade may very well be the impact of sweeping demographic and social change that is coinciding with the rapid march of technology. To find the consumers who will drive China’s growth, you need to look at very different groups of individuals. So who are the consumers who are key to growth? Jonathan Woetzel and Jeongmin Seong highlight five consumer shifts that matter.
Article - World Economic Forum

Fostering sustainable development through open data for finance

– Digital finance has many aspects that can improve the workings of emerging economies and further the cause of sustainable development. Open data for finance, where financial data is shared digitally among financial institutions with limited effort or manipulation, is a powerful tool to that end, write Anu Madgavkar and Olivia White.
Article - Barron’s

Shortages of everyday products have become the new normal. Why they won’t end soon.

– Just when consumers think it’s safe to draw down their pandemic reserve of toilet paper, many are finding stockouts and price increases on other products. Unexpected price increases on a wide range of products raise questions about when consumer product markets will return to normal. Authors Jaana Remes and Sajal Kohli highlight new McKinsey Global Institute analysis indicating that the pandemic interrupted a long-term rising trend in the share of services in household consumption, triggering an unexpected spike in demand for products. This may not change anytime soon.
Article - Harvard Business Review

Closing the job mobility gap between black and white americans

– Today, Black Americans face stubborn gaps between their economic position and that of white people. Research estimates a $220 billion annual wage disparity versus a parity scenario, with Black workers currently concentrated in low-wage jobs, underrepresented in higher-paying occupations, and paid less than white workers on average within the same occupational categories, especially in managerial and leadership roles. Two initiatives could make a big difference: unblocking pipelines into higher-paying professions and creating pathways to better careers from lower-paying occupations. The authors describe how business leaders can do this to promote Black economic mobility.
Article - Georgetown Journal of International Affairs

Building national supply chain resilience

– The COVID-19 pandemic has exposed the fragility of global supply chains and highlighted the public health and national security implications of supply chain vulnerability. Policy reactions have focused on limiting exports and encouraging domestic production. But building supply chain resilience will require a more rigorous assessment of risk and a strategic set of policy actions.
Article - CNN Business

Here’s how to propel 2 million Black Americans to the middle class

– Eliminating racial barriers for Black Americans could initiate a wave of growth, dynamism and productivity, write Shelley Stewart and Michael Chui in CNN Business.
Article - Market Watch

This is the COVID consumer trend most likely to stick beyond the pandemic

– To determine how enduring pandemic-spurred shifts may be, we examined a wide array of behaviors across five countries – China, France, Germany, the United Kingdom, and the United States — using a “stickiness” test that takes into account the preferences of consumers and workers as well as the actions of companies, write Jaana Remes and Anu Madgavkar in Market Watch.
Article - Harvard Business Review

Lessons on resilience for small and midsize businesses

– Despite unprecedented challenges, many small to medium-sized businesses (SMBs) around the world have shown remarkable resilience and capacity to reinvent themselves, write Tera Allas, Michael Birshan, Anthony Impey, Charlie Mayfield, Jan Mischke, and Jonathan Woetzel in Harvard Business Review.
Article - The Korea Times

McKinsey advises Korean firms to embrace net-zero economy

– Time is running out for Korea's business leaders who don't have a climate strategy, writes Jonathan Woetzel in The Korea Times.
Article - Market Watch

This is a now or never moment to make US manufacturing more competitive

– There’s a brief window to reduce American dependence on fragile, overseas supply chains for critical products in areas like healthcare, tech and defense—and create new jobs to power the American economy, writes Katy George in Market Watch.
Article - Industry Today

Why now is the time to revitalize US manufacturing

– As US factories are struggling to keep up with demand, it’s a now or never moment to make domestic manufacturing more competitive, write Katy George and Eric Chewning in Industry Today.
Article - Project Syndicate

The varieties of consumer revival

– As the greatest economic disruption of this generation, the COVID-19 pandemic also will have a lasting impact – one that may be more varied and divergent than ever before, write Jaana Remes and Sajal Kohli in Project Syndicate.
Article - VoxEU

Pathways for productivity and growth after the COVID-19 crisis

– The future of productivity and economic growth in the US and Europe is uncertain. This column reviews evidence from eight economic sectors to lay out the key conditions for sustained recovery from the Covid-19 crisis. It suggests that the weak productivity growth that followed the Global Crisis can be averted if private and public sectors act together to strengthen demand and diffuse supply-side restructuring to all firms. 
Article - Project Syndicate

Productivity after the pandemic

– The danger now is that the pandemic-era acceleration of automation and digitalization impedes growth in labor income and consumption, write Laura Tyson and Jan Mischke in Project Syndicate.
Article - Milken Institute Review

The necessity of doing well by doing good

– Serving the interests of stakeholders, employees, communities and the broader public is not necessarily at odds with the imperative of profit, write Jan Mischke, Jonathan Woetzel, and Michael Birshan in Milken Institute Review.
Article - Los Angeles Times

How COVID-19 will change the low-wage labor market permanently

– A sustained recovery to an economy with full employment and ample “good jobs” will require a significant reallocation of workers from the low-wage, low-skill positions that have been eliminated to new ones requiring higher skills and more training, write Laura Tyson and Susan Lund in Los Angeles Times.
Article - Project Syndicate

How to spend $12 trillion

– Although some government pandemic-support programs have combined ambitious design with effective delivery, many fall short in one or both areas, write Anu Madgavkar and Olivia White in Project Syndicate.
Article - Project Syndicate

The promise and peril of the Bio Revolution

– Only by working together can governments, scientists, businesses, and the public unleash the power of biology for good while effectively managing the risks, write Matthias Evers and Michael Chui in Project Syndicate.
Article - Project Syndicate

Long live the Bio-Revolution

– The COVID-19 pandemic has increased threats to food security around the world, underscoring the need for innovation to make agriculture and aquaculture more resilient and efficient, write Michael Chui and Matthias Evers in Project Syndicate.
Article - Project Syndicate

What is driving Asia's technological rise?

– Asia’s rapid emergence as a global technological leader over the last decade is a testament to the power of collaboration, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate.