Technology ArticlesThe ways we eat power and produce commodities are changing. This transformation may gain advantage the global economic system, but useful resource producers will have to adapt to remain aggressive.

Policy makers may seize the productivity benefits of this resource revolution by embracing technological change and allowing a nation’s power mix to shift freely, at the same time as they address the disruptive effects of the transition on employment and demand. Resource exporters whose finances depend on resource endowments might want to discover alternative sources of revenue. Importers may replenish strategic reserves of commodities whereas costs are low, to safeguard towards supply or price disruptions, and invest in infrastructure and education. Create a profile to get full access to our articles and studies, together with those by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and email alerts.

A new McKinsey Global Institute report, Beyond …

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Technology ArticlesThe ways we devour power and produce commodities are changing. This transformation may gain advantage the global financial system, however resource producers should adapt to remain competitive.

While the changes going through resource producers and policy makers are prone to be advanced and quite a few, the rewards of greater productivity, faster progress, and a much less resource-intense financial system can profit all. The world of commodities over the past 15 years has been roiled by a supercycle” that first sent prices for oil, gasoline, and metals hovering, only for them to return crashing back down. Now, as useful resource companies and exporting international locations choose up the items, they face a new disruptive period. Technological innovation —including the adoption of robotics, artificial intelligence, Internet of Things expertise, and information analytics—along with macroeconomic trends and changing shopper conduct are transforming the way resources are consumed and produced.

A new McKinsey …

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