The Daily Read

Adapt and build resilience ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

AN ARTICLE A DAY, PICKED BY OUR EDITORS

Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities

It’s getting bad out here. Between 2018 and 2022, the US experienced 90 natural disasters with losses exceeding $1 billion each. The impacts of these disasters—results of a changing climate—puts Black economic mobility at risk. In a new interactive from McKinsey’s Institute for Black Economic Mobility led by Daniel Stephens , Shelley Stewart , and coauthors, we show how and why Black Americans are particularly vulnerable to these events—and how a warming climate stands to continue to affect the prospect of Black socioeconomic advancement. Black Americans are particularly vulnerable to these events because their communities are concentrated in areas especially susceptible to extreme weather. We also look at ways to help vulnerable communities adapt and build resilience.

Homes surrounded by flood water in South Carolina after a hurricane.

Impacts of climate change on Black populations in the United States

Explore how extreme weather can put the prospect of Black livelihood, well-being, and socioeconomic mobility at greater risk.

Adapt and build resilience

Quote of the day

“Part of the reason you hear so much about cloud is because it’s the way successful companies will run their technology environments in the future.”

—McKinsey partner James Kaplan on companies’ adoption of cloud programs in a recent episode of The McKinsey Podcast

Chart of the day

An image linking to the web page “In with the new” on McKinsey.com.

See the chart

ALSO NEW

Digital generated image of grass and flowers growing over a futuristic organic cube.

A new way to decarbonize buildings can lower emissions—profitably

An AI-informed approach makes it faster, easier, and cheaper to decarbonize real estate. Here’s how.

Zero in

Illustration of clouds flanking four spheres that are changing colors to emerge as the earth as seen from space. A human steps toward the earth from the third sphere

An affordable, reliable, competitive path to net zero

A successful net-zero transition will require achieving not one objective but four. We offer a guide to getting it right.

Follow 7 principles

A Chinese grandmother teaching her granddaughter how to design a garment while her mother looks on. Fabric patterns hang on the wall behind them and traditional Chinese dresses hang on mannequins.

The secrets of outperforming family-owned businesses: How they create value—and how you can become one

Family-owned businesses that combine four critical mindsets with five strategic actions have a chance to quadruple their value in the next decade—while maintaining resilience.

4 critical mindsets

— Edited by Stephanie d’Arc Taylor, editor, New York

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