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 …

Short Technology Articles (4)

Technology ArticlesThe ways we consume energy and produce commodities are altering. This transformation could benefit the worldwide economic system, but useful resource producers should adapt to remain competitive.

A new McKinsey Global Institute report, Beyond the supercycle: How know-how is reshaping assets, focuses on these three developments and finds they’ve the potential to unlock around $900 billion to $1.6 trillion in financial savings throughout the worldwide economy in 2035 (exhibit), an amount equivalent to the current GDP of Canada or Indonesia. At least two-thirds of this whole worth is derived from lowered demand for power because of better energy productivity, while the remaining one-third comes from productiveness financial savings captured by resource producers. Demand for a range of commodities, notably oil, may peak within the next twenty years, and prices may diverge extensively. How giant this opportunity ends up being relies upon not solely on the rate of technological adoption but …