Business, Management, Marketing, Money, Tax, Law, People

Road freight vehicles account for a significant share of global CO2 emissions. Hence, minimizing their carbon footprint is a vital step toward achieving global climate targets. Over the past decade, governments, fleet operators, and truck OEMs have realized this need for action and have gone to significant lengths to make this positive change happen. Today, the only effective way to reduce these emissions is by switching from combustion engines powered…

As the end of ESSER funding approaches in September 2024, K–12 district leaders are reflecting on which investments were effective to help shape their priorities in the post-ESSER years ahead. In this third and final article in our series on K–12 district funding, we follow the flow of funds to attempt to answer three key questions: Did K–12 districts spend the stimulus effectively and meet their priorities? How can district…

Telcos worldwide want to evolve from traditional connectivity providers into customer-centric, platform-oriented innovators akin to today’s top tech players. Industry leaders and experts view this shift toward broader services and partner ecosystems as the most promising path to reignited and sustainable growth after many years of declining performance (especially in the European market). As the CEO of one global telco recently noted, “We finally have a shared industry mantra: from…

The expected global mass rollout of electric trucks is going to require a dense charging network to keep these zero-emission vehicles moving. For Europe, McKinsey estimates that, by 2030, more than 300,000 public and private charge points will be required across the continent for medium- and heavy-duty trucks, up from roughly 10,000 today. The creation of this new infrastructure represents a significant challenge. Building out robust networks of chargers will…

The Chinese heavy-duty-truck (HDT) market has faced a variety of challenges. Nearly a decade of rapid growth gave way in 2022, with sales plummeting 45 percent year over year. As the market finds its footing, several new trends are at play: the emergence and rise of new powertrains, partnerships exploring autonomous driving, an increase in exports, and customer pressure on pricing. What does it all mean for HDT OEMs in…

Since its founding in 1968, Special Olympics has grown into a global program that provides year-round athletic training and competition for millions of children and adults with intellectual disabilities. The program fosters and celebrates its athletes’ abilities and promotes equal access to healthcare for all, according to Dimitri Christakis, MD, a professor of pediatrics and epidemiology at the University of Washington and the chief health officer at Special Olympics International.…

While resilient, global economic growth is uneven, forward-looking indicators now show a divergence between manufacturing and services on a global basis. The manufacturing sector has contracted for the first time in 2024, registering 49.7 in July on the global Purchasing Managers’ Index (PMI), while services continue to grow steadily, clocking in at 53.3 (Exhibit 1). In the advanced markets, the US saw real GDP increase at an annual rate of…

The conventional view of art may be that it is incompatible with technology. But in recent years, digital forms of art have complemented and perhaps enhanced traditional arts such as opera, film, and dance. In her ten years at the helm of the Kennedy Center, Deborah Rutter has led a variety of initiatives to foster interdisciplinary programming. Rutter spoke with McKinsey senior partner Ian Jefferson about the critical role of technology…

For many travel and logistics providers, workforce challenges have become an increasing source of anxiety. Labor shortages are frequent and labor costs are rising. Workforce planning missteps can result in reduced margins and degraded customer service. These workforce challenges affect more than three million people employed at the 40 top-grossing travel and logistics companies. Companies have limited control over the future cost and availability of labor. But proper strategies can…

As the healthcare industry continues to evolve, operations leaders face a complex set of challenges, including high administrative costs and employee attrition rates. Administrative accounts for about 25 percent of the more than $4 trillion spent on healthcare annually in the United States. Simultaneously, in response to rising expectations, organizations face continued pressure to improve consumer experiences along the end-to-end healthcare journey. Against this backdrop, advancements in AI, including generative…

Most founder CEOs will tell you that it’s the people who matter most for a start-up’s success—that entrepreneurial band of software engineers, product developers, marketing managers, finance associates, and others who can help bring an idea to life and then to market. Founder CEOs know that talent is a key building block of organizational success, along with strong leadership, a common purpose, and a performance-oriented culture. But many are less…