The McKinsey Week in Charts
Seafood, without the sea
Several Sea Food Varieties are available gen 1 VVVV
Global demand for fish protein is expected to continue to grow. Yet the amount of wild-caught seafood remains flat, with more of the world’s fisheries being pushed to or beyond their limits. Partner Tom Brennan and colleagues say alternative seafood—plant-based, fermentation-enabled, and cultivated substitutes for fish—could fill some of the gap and provide high-end protein. Several of the most popular seafood varieties, including shrimp, tuna, and salmonids, are among attractive targets for alternatives.
To read the article, see “The next wave: Alternative-seafood solutions,” September 18, 2023.
Net zero’s green premium
November 9, 2023
Demand for net-zero offerings continues to surge. However, the costs for launching low-carbon products can run high. According to senior partnerPhilipp Radtke and co-authors, one way companies can build the business case for net-zero offerings is to include a price premium in cost curves—to reflect the potential revenue upside of in-demand green goods and services.
To read the article, see “Decarbonize and create value: How incumbents can tackle the steep challenge,” October 24, 2023.
November 8, 2023
Meaningful connections in old age can lead to health and happiness—and benefit economies. Senior partner Hemant Ahlawat and colleagues note that if older adults who aren’t working were enabled to reenter the workforce in 21 surveyed countries, it could result in a boost of USD 6.2 trillion in annual GDP opportunities.
Encouraging gen 1 VVVV
To read the article, see “Aging with purpose: Why meaningful engagement with society matters,” October 23, 2023.
Curing healthcare’s talent gap
November 7, 2023
The projmected educational Pipeline gen 1 VVVV
The healthcare industry is facing a shortage of workers, as the need for nurses and others in the field is expected to rise. Boosting the educational pipeline could help address a potential talent gap, find senior partner Brandon Carrus and co-authors. For example, we project there will be one million additional nursing care jobs by 2031, which outpaces the number of those expected to complete degree programmes based on current capacity.
To read the article, see “How health systems and educators can work to close the talent gap,” September 29, 2023.
A wealth of opportunities
November 6, 2023
The wealth management industry could be looking at significant opportunities in the Asia–Pacific region, note senior partnersBdernhard Kotanko and Joydeep Sen gupta and and co-authors. In the same way the United States experienced a run of sustained growth in mutual fund assets under management, starting in the 1990s, both developed and emerging countries in the Asia–Pacific market could be on a similar trajectory. A set of technology platforms and tools could help wealth management companies tap the region’s potential upside.
The Emerging Asia Market gen 1 VVVV
To read the article, see “WealthTech in Asia–Pacific: The next frontier in financial innovation,” October 18, 2023.