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Investment in cloud transformations tripled between 2017 and 2021—but companies haven’t matched that frenetic pace on the talent front. And cloud is a crucial battleground for tech talent, especially given there’s more than $1 trillion of new value at stake. A new article lays out six practical actions to build your talent bench. Check it out.

— Torea Frey, managing editor, Seattle

Six practical actions for building the cloud talent you need

Despite a shortage of cloud talent, top companies are finding ways to get past table stakes and build the capabilities needed.

Capture more value

Quote of the Day

“Great CEOs are bold. You can be bold regardless of context. Or you can be bold within that context. If you’re not bold in that first year, you’re not going to move the needle. That is the crux that’ll actually let you conquer any context and any situation around failing. That is your one safeguard against failure.”

—Senior partner Vik Malhotra, coauthor of forthcoming McKinsey book CEO Excellence, in a conversation on what separates the best CEOs from rest from McKinsey’s Author Talks series

Chart of the Day

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Also New

The powerful role financial incentives can play in a transformation

Generous and specific financial incentives can help drive and sustain a rapid performance improvement. Seven principles can assist in delivering the maximum benefit during a transformation.

Increase the odds

Risk and resilience in consumer-goods supply chains

Consumer-goods makers’ supply chains are weathering enormous strain. Here’s a quick look at how to strengthen them for the future.

Adapt to change

The McKinsey Crossword: World Economic Forum | No. 59

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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