Short Technology Articles (32)

Technology ArticlesThe ways we devour vitality and produce commodities are altering. This transformation may gain advantage the global economy, but useful resource producers will have to adapt to remain competitive.

Policy makers might capture the productivity advantages of this resource revolution by embracing technological change and permitting a nation’s energy combine to shift freely, even as they address the disruptive effects of the transition on employment and demand. Resource exporters whose finances depend on resource endowments will need to discover various sources of revenue. Importers might replenish strategic reserves of commodities whereas costs are low, to safeguard towards supply or worth disruptions, and put money into infrastructure and schooling. Create a profile to get full access to our articles and experiences, including these by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and email alerts.

While the modifications facing resource producers and coverage makers are likely …

Short Technology Articles (8)

Technology ArticlesThe ways we eat vitality and produce commodities are changing. This transformation may benefit the global financial system, however useful resource producers will have to adapt to stay competitive.

A new McKinsey Global Institute report, Beyond the supercycle: How expertise is reshaping sources, focuses on these three trends and finds they have the potential to unlock round $900 billion to $1.6 trillion in savings all through the global financial system in 2035 (exhibit), an quantity equivalent to the current GDP of Canada or Indonesia. At least two-thirds of this total value is derived from decreased demand for vitality on account of higher power productivity, while the remaining one-third comes from productivity savings captured by useful resource producers. Demand for a spread of commodities, particularly oil, could peak in the next twenty years, and costs may diverge extensively. How large this chance ends up being depends not solely on the speed …