Short Technology Articles (28)

Technology ArticlesThe methods we devour power and produce commodities are altering. This transformation may benefit the worldwide financial system, however useful resource producers must adapt to stay competitive.

Policy makers might seize the productiveness benefits of this resource revolution by embracing technological change and permitting a nation’s vitality combine to shift freely, whilst they tackle the disruptive effects of the transition on employment and demand. Resource exporters whose finances depend on useful resource endowments might want to find alternative sources of income. Importers might refill strategic reserves of commodities whereas prices are low, to safeguard in opposition to supply or price disruptions, and put money into infrastructure and training. Create a profile to get full access to our articles and experiences, together with these by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and e-mail alerts.

For resource corporations, significantly incumbents, navigating a future with more …

Short Technology Articles (31)

Technology ArticlesThe methods we eat energy and produce commodities are changing. This transformation may gain advantage the global financial system, however resource producers will have to adapt to stay competitive.

On the demand facet, consumption of power is turning into much less intense and more environment friendly as folks use less energy to stay their lives and as energy-efficient technologies become extra integrated in homes, companies, and transportation In addition, technological advances are serving to to bring down the price of renewable energies, comparable to solar and wind energy, handing them a higher role in the international economy’s energy combine, with significant results for each producers and shoppers of fossil fuels. On the provision aspect, useful resource producers are increasingly able to deploy a spread of applied sciences of their operations, putting mines and wells that were as soon as inaccessible within attain, elevating the effectivity of extraction techniques , shifting …