‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
McKinsey & Company
Share this email LinkedIn Twitter Facebook
Daily Read
AN ARTICLE A DAY, PICKED BY OUR EDITORS
More than two billion tons of food—representing up to 40 percent of the world’s food—are lost or wasted every year, yet one in nine people in the world can’t get enough to eat. Indeed, food loss and food waste are major global problems, which have been exacerbated by the war in Ukraine, the pandemic, and climate change. Fortunately, despite these dire statistics, reducing food loss is immensely achievable according to Clarisse Magnin, Björn Timelin, and their coauthors. In a new article, they lay out the unique opportunity food manufacturers and retailers have to cut food loss by 50 to 70 percent. See why addressing this problem is not only the right thing to do but also a good business practice. Check it out and turn food loss into big wins.
— Joyce Yoo, digital editor, New York
Image of yellow, orange, and red tomatoes on the stem
 
Reducing food loss: What grocery retailers and manufacturers can do
An estimated $600 billion worth of food is lost during or just after harvest. Can manufacturers and grocers do anything about it? Definitely—and it will be good for business, people, and the planet.
Enable lasting change
Quote
Quote of the Day
“We should always understand and respect the opportunity cost of time and resources. Humans don’t quit enough for two main reasons. The first is that society tells us quitting is repugnant. The second is that we neglect our opportunity cost of time.”
—John List, chief economist at Walmart and a professor at the University of Chicago, discusses opportunity cost in a recent episode of the Inside the Strategy Room podcast
Chart of the Day
Graphic showing the employment status of respondents who quit their jobs between April 2020 and April 2022
See today’s chart
Also New
Illuminated outline of a truck on road
Overcoming obstacles to the electrification of transportation
In an interview at the M30 Mobility Summit, Navistar’s Michael Grahe shares his views on the latest developments in mobility.
Collaborate and adapt   >
Preparation Before Flight. Loading Of Cargo Containers Against Jet Engine Of Freight Airplane.
Freight forwarders’ earnings amid carrier-rate volatility
Three key charts reveal the relationship between freight forwarders’ rates and earnings.
Explore 3 charts   >
illustration of Mark Boggett
Space: Building a digital infrastructure above the sky
Venture capitalist Mark Boggett offers an investor’s view of the strides being made in space technology, its practical applications, and its potential impact.
Seize the opportunity   >
McKinsey & Company
Follow our thinking
LinkedIn Twitter Facebook
Share these insights
Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too.
Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here.
Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007