Author: McKinsey & Company

Body of Knowledge Thought Food
Full-potential procurement: Lessons amid inflation and volatility
ByMcKinsey & Company July 24, 2022July 9, 2022
Procurement organizations are uniquely positioned to catalyze cross-functional actions that promote efficiency and resilience in rapidly evolving market conditions. Procurement leaders are facing one of the toughest market environments of their careers. A combination of macroeconomic factors—including COVID-19 shocks, trade policy shifts, workforce scarcity, energy transition, and even extreme weather events—have upended long-running trends that…
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Getting strategy wrong—and how to do it right instead
ByMcKinsey & Company June 26, 2022June 27, 2022
Too many companies equate strategy with hitting financial goals. They underestimate the difficulty—and the value—of the real thing. The word “strategy” means an approach to dealing with a difficult challenge, especially that of competing with a clever opponent. To have a strategy is to have an approach to overcoming critical obstacles and difficulties. However, through many…
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Gone for now, or gone for good? How to play the new talent game and win back workers
ByMcKinsey & Company May 6, 2022May 7, 2022
Nearly half of the employees who voluntarily left the workforce during the pandemic aren’t coming back on their own. Employers must go and get them. Here’s how to start. No, you aren’t imagining it: workers are leaving your company faster than you can replace them. According to the US Bureau of Labor Statistics, more than 4.3…
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Navigating inflation: A new playbook for CEOs
ByMcKinsey & Company March 30, 2022April 24, 2022
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. ast year, policy makers, economists, and financial-market participants fiercely debated the higher inflation then under way. Was it a transitory problem,…
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How one approach to M&A is more likely to create value than all others
ByMcKinsey & Company February 12, 2022February 12, 2022
Two decades of research show that, while large deals still have their place, programmatic M&A strategies continue to create gains in excess total returns to shareholders, at lower levels of risk. M&A is having a moment—again. The US Federal Trade Commission (FTC) has had to adjust its premerger review process to manage the tidal wave…
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Navigating the labor mismatch in US logistics and supply chains
ByMcKinsey & Company January 10, 2022December 27, 2021
Structural shifts in the labor market have left companies struggling to recruit and retain workers. But a set of concrete actions can help address this imbalance across value chains. As the US economy recovers post-pandemic, demand for labor has outstripped supply. Companies are facing the “Great Attrition,” coupled with increased competition for labor. The transportation and…
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