Short Technology Articles (25)

Technology ArticlesThe methods we devour vitality and produce commodities are changing. This transformation could benefit the global economic system, however useful resource producers will have to adapt to stay aggressive.

Policy makers could seize the productivity benefits of this useful resource revolution by embracing technological change and permitting a nation’s vitality mix to shift freely, at the same time as they handle the disruptive results of the transition on employment and demand. Resource exporters whose finances rely on resource endowments will need to discover different sources of income. Importers could stock up strategic reserves of commodities while prices are low, to safeguard towards supply or price disruptions, and put money into infrastructure and education. Create a profile to get full access to our articles and reports, together with those by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and e mail alerts.

For resource companies, notably …

Short Technology Articles (11)

Technology ArticlesThe methods we eat vitality and produce commodities are changing. This transformation could benefit the global financial system, but useful resource producers should adapt to remain competitive.

For resource corporations, notably incumbents, navigating a future with more uncertainty and fewer sources of development would require a deal with agility. Harnessing know-how shall be essential for unlocking productivity gains however not sufficient. Companies that focus on the fundamentals—increasing throughput and driving down capital costs, spending, and labor costs—and that look for alternatives in know-how-pushed areas could have a bonus. In the new commodity panorama, incumbents and attackers will race to develop viable enterprise models, and not everyone will win.

While the adjustments facing resource producers and policy makers are likely to be complicated and numerous, the rewards of better productivity, quicker growth, and a much less resource-intense economy can profit all. The world of commodities over the previous 15 years has …