Short Technology Articles (37)

Technology ArticlesThe methods we devour energy and produce commodities are changing. This transformation may gain advantage the worldwide financial system, however useful resource producers must adapt to stay competitive.

For useful resource companies, significantly incumbents, navigating a future with more uncertainty and fewer sources of growth would require a give attention to agility. Harnessing know-how can be essential for unlocking productiveness features but not sufficient. Companies that target the basics—rising throughput and driving down capital prices, spending, and labor prices—and that search for opportunities in know-how-driven areas could have a bonus. In the brand new commodity panorama, incumbents and attackers will race to develop viable enterprise models, and never everybody will win.

While the modifications going through resource producers and policy makers are prone to be complicated and numerous, the rewards of better productivity, faster development, and a much less useful resource-intense economy can profit all. The world of commodities over …

Short Technology Articles (21)

Technology ArticlesThe methods we consume power and produce commodities are altering. This transformation may benefit the worldwide economy, but resource producers will have to adapt to remain competitive.

Policy makers could seize the productiveness benefits of this resource revolution by embracing technological change and allowing a nation’s vitality combine to shift freely, at the same time as they deal with the disruptive results of the transition on employment and demand. Resource exporters whose finances depend on useful resource endowments will need to discover various sources of revenue. Importers might top off strategic reserves of commodities while prices are low, to safeguard against provide or price disruptions, and invest in infrastructure and training. Create a profile to get full access to our articles and stories, together with those by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and e mail alerts.

While the changes going through useful …