the Daily read

AN ARTICLE A DAY, PICKED BY OUR EDITORS

As a global community, we are living through continuous, overlapping crises with long-lasting effects. Yesterday’s risk management practices may not be fit for the future. But public- and private-sector organizations that build resilience could find they’re better able to withstand shocks and bounce back better, while driving sustainable, inclusive growth. A can’t-miss white paper from the World Economic Forum and McKinsey explores how to approach the issue across regions, economies, and industries. Available as a free download, it covers lessons from past crises, analyzes the impact of resilience on growth, and defines a common resilience framework, plus seven themes—including climate and healthcare—shaping the future. Give it a read and get resilient.

— Joyce Yoo, digital editor, New York

Resilience for sustainable, inclusive growth

Resilience should be seen as the ability to deal with adversity, withstand shocks, and continuously adapt and accelerate as disruptions and crises arise over time.

Withstand shocks

Quote of the Day

“If you look at the core reasons why investors are excited, the facts are undeniable. The median age in Pakistan is 23 years. . . . There are almost 19 million either middle class or upper-class Pakistanis, which is bigger than all of Germany.”

—McKinsey partner Abdur-Rahim Syed on Pakistan’s emerging start-up ecosystem in a recent episode of the McKinsey on Start-ups podcast

Chart of the Day

Chart of petrochemicals industry shift toward circularity

See today’s chart

Also New

Author Talks: A new way to think about management

Predicting the future is impossible, but traditional business models try anyway. Roger Martin says management leaders need to revisit the whiteboard.

Get back to basics

US polyethylene price evolution and what to expect

Prices for petrochemicals in the United States have increased significantly, even beyond what fundamentals would dictate.

Get the scoop

Photo of party cloudy skies over a field

Understanding the SEC’s proposed climate risk disclosure rule

A new rule proposed by the SEC would require companies to significantly increase their reporting on climate risk. We look at the implications for senior executives.

Read deliberately

Follow our thinking

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.