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

It isn’t easy to forecast the next two to three years when macroeconomic conditions and business dynamics are profoundly complex. Yet as technology races ahead—a major (but by no means only) driver of disruption—many companies continue to build models with the same flawed approaches they’ve been using for years. Even when their forecasts do approach the bull’s-eye, critical data points and assumptions are unclear, inconsistent, or missing entirely. The mark…

Organizations are grappling with unprecedented workforce challenges, including labor market shortfalls and evolving generational needs. Talent management has become a primary concern for business leaders, with industry experts offering valuable guidance on shaping a future-ready workforce. They examine the impact of technology on operations, the importance of leadership and development opportunities in retaining talent, and innovative approaches to flexibility and career advancement within the manufacturing sector.In this episode of McKinsey…

For airlines around the world, fleet maintenance is increasingly challenging. In the United States, for instance, airlines have endured a 15 percent increase in maintenance costs over the past five years. Meanwhile, there’s been a 14 percent increase in the share of flights delayed. This has raised the pressure on already thin margins in a competitive industry. Although maintenance, repair, and overhaul (MRO) organizations endeavor to provide efficient aircraft maintenance…

Almost two centuries ago, Lewis Tappan and John M. Bradstreet illustrated the potential for turning data into a profitable product. At the time, businesses and merchants were expanding their operations and needed a reliable way to determine the creditworthiness of potential partners. Bankers and investors were eager for more consistent, objective information in this burgeoning economy to guide their lending and investment decisions. Tappan and Bradstreet established firms dedicated to…

Although the relentless rise of generative AI (gen AI) has many fearing for the loss of their livelihoods to machines, it may actually end up benefiting management and workers alike. Ironically, this most advanced of technologies doesn’t require technical skills to use, and instead puts a premium on very human qualities such as experience, judgment, and wisdom. In this episode of the At the Edge podcast, former Fortune CEO and…

The aerospace industry is pivotal to connecting the world for economic growth and global security. But while other industrial supply chains have recovered from the shocks from the pandemic, aerospace continues to grapple with significant operational challenges: persistent shortages in key commodities, uncertainty of future demand, supply chain consolidation, and a workforce in transition. All of these put procurement leaders in a precarious position. Commercial aerospace leaders must rethink their…

The job market in the United States may have grown stronger in the past few months, but a closer look at the data suggests retailers face difficulties. As of May 2024, there were about 2.5 million more job vacancies than job seekers. That spells trouble for retail executives, who continue to see higher-than-average attrition rates within their frontline workforces. Based on responses from more than 1,000 US frontline retail workers,…