The Mckinsey Podcast

In this episode of The McKinsey Podcast, Lisa Christensen, a McKinsey director of learning and McKinsey partner Tony Gambell speak with McKinsey executive editor Roberta Fusaro about what apprenticeship looks like in today’s organizations and how an intentional two-way learning environment can help individuals and teams tackle problems more effectively to meet their performance goals. After, we also hear from McKinsey senior partner Robert Palter, featured in our My Rookie Moments series, about the valuable lesson he learned from his boss when confronted with a difficult client's bad idea. Theme music written, produced and performed by Joy Ngiaw.See www.mckinsey.com/privacy-policy for privacy information

Corporate attrition persists, but one way to lure employees back is to develop their knowledge, attributes, experiences—in short, their human capital. But how? What’s best for the employee? Is it worth leaders’ time? Two authors of McKinsey’s report, “Human capital at work: The value of experience,” address these and other questions in this episode of The McKinsey Podcast. Anu Madgavkar, a partner with McKinsey Global Institute, and senior partner Bill Schaninger, spoke with McKinsey Global Publishing’s Lucia Rahilly. Also, McKinsey partner Joshua Katz spoke with McKinsey editorial director Roberta Fusaro about the impact of global food inflation and how business leaders and other stakeholders can respond. Theme music was scored, produced and performed by Joy Ngaiw.See www.mckinsey.com/privacy-policy for privacy information

Fashion suppliers and brands are facing significant economic and geopolitical challenges. Hear McKinsey senior partner Achim Berg speak with executive editor Roberta Fusaro about findings from McKinsey’s The State of Fashion 2022 report. They cover the concurrent effects of the many challenges facing both suppliers and brands, including the war in Ukraine, the pandemic, and inflation. After, the state of anxiety tends to get a bad rap. But in our second segment, Dr. Tracy Dennis-Tiwary, author and professor of psychology and neuroscience at Hunter College, shares why anxious feelings deserve respect. State of Fashion report: https://www.mckinsey.com/industries/retail/our-insights/state-of-fashion State of Fashion technology report: https://www.mckinsey.com/industries/retail/our-insights/state-of-fashion-technology-report-2022 Theme music was scored, produced and performed by Joy Ngaiw.See www.mckinsey.com/privacy-policy for privacy information

Capital projects could receive around $130 trillion dollars over the next five years. Most of the investment will go to renew and decarbonize critical infrastructure. In this episode of The McKinsey Podcast, hear McKinsey senior partners Steffen Fuchs and Christoph Schmitz speak with executive editor, Roberta Fusaro about how executives and organizations will need to adapt their current spending strategies to take advantage of this unique funding moment. After, hear senior partner Dymfke Kuijper’s rookie moment when she shares how *seeking perfection prevented her from finding it. Theme song is composed and performed by Joy Ngiaw.See www.mckinsey.com/privacy-policy for privacy information

By 2060, 30 percent of the US labor force will be Latino. It's a massive cohort, that given greater support, could potentially create economic opportunities not just for individuals and families in this demographic but also for the whole country. McKinsey senior partner Lucy Pérez joins executive editor Roberta Fusaro in conversation. Following, we'll hear from McKinsey data scientist Nimit Patel about how when he came to McKinsey he was encouraged to take a "random walk." Theme music for The McKinsey Podcast was composed and performed by Joy Ngiaw.See www.mckinsey.com/privacy-policy for privacy information

Successful digital transformations may not be as elusive as you think. Kate Smaje and Rodney Zemmel, global leaders in McKinsey’s Digital practice, join McKinsey Global Publishing’s Lucia Rahilly to explore what digital success looks like—and what stands in the way. Then, in an Author Talks excerpt, Amy Webb, futurist and author of the new book, The Genesis Machine: Our Quest to Rewrite Life in the Age of Synthetic Biology, describes how synthetic biology could open the door to “bespoke” children, significantly longer life spans, and subterranean societies. Author Talks: https://www.mckinsey.com/featured-insights/mckinsey-on-books/author-talks The Genesis Machine: Our Quest to Rewrite Life in the Age of Synthetic Biology: https://amywebb.io/books Theme music for The McKinsey Podcast was composed and performed by Joy Ngiaw.See www.mckinsey.com/privacy-policy for privacy information

Converging disruptions have sent food prices soaring—and Russia’s invasion of Ukraine, one of the world’s six breadbasket regions, risks tilting the food system into a global food supply crisis. In this episode of The McKinsey Podcast, Daniel Aminetzah, leader of McKinsey’s Chemicals and Agriculture Practices, and partner Nicolas Denis talk with global editorial director Lucia Rahilly about the vital roles Ukraine and Russia play in the global food system, as well as what is at risk as the war continues. This conversation was recorded on April 4, 2022. Theme music for The McKinsey Podcast was composed and performed by Joy Ngiaw.See www.mckinsey.com/privacy-policy for privacy information

Read more >    Listen to the podcast (duration: 19:17) >  Sven Smit, senior partner and chair of the McKinsey Global Institute, discusses the humanitarian and economic effects of the war in Ukraine with Lucia Rahilly, McKinsey’s global editorial director. This conversation was recorded on March 21, 2022.See www.mckinsey.com/privacy-policy for privacy information

Aspiring to net-zero emissions for your organization? It’s a challenging process. But if ignored, it will only lead to a thornier transition in the future. On this episode, hear from McKinsey partner Mekala Krishnan on how to approach net-zero emissions holistically, the questions to ask, and a few “no regrets” actions organizations can take right now. After, hear from senior partner Lareina Yee about her rookie moment made early in her career. She asked for help even though it was the last thing she wanted to do. To see and hear more from our My Rookie Moment series, go here: https://www.mckinsey.com/featured-insights/my-rookie-moment   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

McKinsey's most recent research found that too often organizations are not using IoT to its best advantage, in large part driven by the perception that the Internet of Things is a siloed, technical process, opposed to one that's holistic. Hear from partners Mark Collins and Michael Chui in conversation with executive editor Roberta Fusaro to discuss how companies can get it right. After, a piece of space junk is supposed to hit our moon soon. That piece of debris is not the only one hurtling through orbit. Hear from associate partner, Chris Daehnick, about the implications of space trash.   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

McKinsey's research says that peer-purchasing insight seems to have more influence on consumers than any kind of marketing strategy. Today, Roberta Fusaro speaks with Dave Fedewa, McKinsey partner and Chauncey Holder, McKinsey senior expert to understand how and why business must prioritize the consideration of customer reviews – or risk falling behind more nimble competitors. Also, hear from mathematician, lawyer and now early-tenure consultant, Princess Daisy Akita, based in Los Angeles. McKinsey article about the impact of customer reviews: https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/five-star-growth-using-online-ratings-to-design-better-products   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

The relentless pandemic is forcing business to confront the challenges presented by Omicron. Shubham Singhal, senior partner and the global leader of McKinsey's Healthcare, Public Sector and Social Sector practice joins today. He shares his insight on successful business coping strategies, telltale signs of an endemic, and the possibilities of the mRNA vaccine. After, hear why there's reason for hope - and hard work - when it comes to climate change from climate scientist, Katharine Heyhoe, featured in our Author Talks series. Article: https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/when-will-the-covid-19-pandemic-end Author Talks series: https://www.mckinsey.com/featured-insights/mckinsey-on-books/author-talks   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

Many nurses are reevaluating their commitment to direct patient care. Now, during a time of unprecedented need, what can health systems and other employers of nurses do to inspire this backbone of the healthcare workforce to stay? Hear from Gretchen Berlin, RN and McKinsey senior partner on the state of nurses, and specific suggestions to improve their work experience, practically and emotionally. After, David Baboolall, McKinsey associate partner, joins us to discuss the recent findings of McKinsey's report: Being transgender at work. Nurse survey: https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/nursing-in-2021-retaining-the-healthcare-workforce-when-we-need-it-most Transgender report: https://www.mckinsey.com/featured-insights/diversity-and-inclusion/being-transgender-at-work   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

Burn-out in the workplace is an omnipresent state for so many of us, but especially so for women who tend to take on the responsibilities of home as well. This could lead to attrition which means leaders face a potential talent crisis if stress in their workplace goes unaddressed. This discovery and many others are explored in the recently released, "Women in the workplace 2021" report. Hear from two of its authors, McKinsey senior partners Alexis Krivkovich and Lareina Yee. Following, hear senior partner, Sven Smit, share his "rookie moment" when about twenty years ago, he asked for the unusual - time off to care for his young daughter. Women in the Workplace 2021 report: https://womenintheworkplace.com/ Rookie Moment: https://www.mckinsey.com/featured-insights/my-rookie-moment   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

How can organizations build resilience into their processes so they can be ready for the next inevitable supply chain disruption? Hear from Knut Alicke and Dan Swan, McKinsey partners, in conversation with executive editor Roberta Fusaro, on steps to take to achieve supply chain resilience, how to manage inflation and examples of how clients have successfully set themselves up to manage future disruptions. Following, hear from Oscar Viyuela Garcia, an early-tenure consultant who left academia for a career at McKinsey.   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

Due to a lack of product and services tailored specifically to meet the needs and wants of Black consumers, their loyalty is up for grabs and offers a huge opportunity for business. There is also a greater chance to meet social and moral objectives. This, according to McKinsey's recent report about the economic state of Black America. Hear Shelley Stewart III, partner at McKinsey, in conversation with Lucia Rahilly, global editorial director, to discuss specific areas where the private and public sectors have the most expeditious opportunities. The economic state of Black America report: https://www.mckinsey.com/featured-insights/diversity-and-inclusion/the-economic-state-of-black-america-what-is-and-what-could-be Also, hear from Eric Kutcher, senior partner at McKinsey, who shares a big, hard lesson learned when he was starting out, from McKinsey’s “My Rookie Moment” series: https://www.mckinsey.com/featured-insights/my-rookie-moment   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/p

They're the most educated with great expertise. Yet, they remain underestimated. It's the people over 45, a useful cohort that struggles to find new employment, in large part, due to ageism. Hear from Mona Mourshed, CEO of Generation, an organization that trains people who are unemployed, underemployed, or need to learn new skills in conversation with Roberta Fusaro, McKinsey executive editor. They also dig into how employers stand to gain by investing in older workers - practically, culturally, and economically. Generation report: https://www.generation.org/news/unemployed-aged-45-and-above-face-ageism-and-career-challenges-globally/ Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

People are quitting in record numbers. Such an exodus threatens to increase labor costs, more attrition and contribute to brand bruising. Leaders can hang on to the best if they give their employees what they want—respect and a sense of belonging. Hear from experts in talent and organizational health, Aaron De Smet and Bill Schaninger on how those in charge can adapt their leadership styles to meet the needs of today's workforce. Reading material referenced: • The Wealth of Nations by Adam Smith • McKinsey article and report about the great attrition • McKinsey article about psychological safety   Theme music composed and performed by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

Read more >    Listen to the podcast (duration: 19:50) >  We’re launching a new season of The McKinsey Podcast starting this Fall with fresh content. Between now and then, we’re re-broadcasting popular episodes from different McKinsey podcasts. Today, you'll hear about how companies are grappling to make sustainability-focused choices from the McKinsey on Consumer and Retail podcast.See www.mckinsey.com/privacy-policy for privacy information

Read more >    Listen to the podcast (duration: 25:40) >  We’re launching a new season of The McKinsey Podcast starting this Fall with fresh content. Between now and then, we’re re-broadcasting popular episodes from different McKinsey podcasts. Like a recent episode from McKinsey on Government where you’ll hear about the imperative of government to build cyber resilience, how the private sector can play a role and the future of the federal cyber workforce. Francis Rose hosts a conversation with Tucker Bailey, partner at McKinsey and Will Hurd, former congressman and former chair of the information and technology subcommittee on the oversight and government reform committee.See www.mckinsey.com/privacy-policy for privacy information