The McKinsey Week in Charts

A pandemic digital silver lining: Companies digitised many activities 20 to 25 times faster during COVID-19

We asked executives how long they expected it would have taken their companies prepandemic to digitize 12 different activities and how long it actually took them once the coronavirus hit. When it came to remote working, companies moved 43 times more quickly than executives thought possible.

To read the article, see “How COVID-19 has pushed companies over the technology tipping point—and transformed business forever,” October 5, 2020.

European football clubs create higher value when they invest more in their current players than in new ones

Looking at the 69 most valuable European football clubs over the past five years, we’ve found that they can increase their financial value by developing their current players or investing in new ones. More than 70 % of the clubs gained more value from developing existing players (or using strategic “team-value management”).

To read the article, see “The value pitch: The importance of team value management,” September 3, 2020.

Facing onerous debts, US college grads appear to be increasingly questioning the value of their education

For students who receive financial aid, the net cost of college hadn’t risen too much in the decade leading up to 2017. But average student debt rose 45 %, and repayment rates dropped by 24 %.

To read the article, see “Reimagining higher education in the United States,” October 26, 2020.

Every minority group in the United Kingdom was increasing labour-force participation prepandemic

Bangladeshis and Pakistanis had the highest gains through 2018, but still had the lowest participation rates. They are also concentrated in occupations that have been hard hit by COVID-19-related furloughs and layoffs.

To read the article, see “Problems amid progress: Improving lives and livelihoods for ethnic minorities in the United Kingdom,” October 15, 2020.

Digital-health companies in Europe need better proof that their products work

European public payers want to see solid proof of efficacy before they’ll agree to reimburse for digital health solutions (such as apps that help patients manage chronic conditions through remote counseling). But less than 2 % of the papers on digital therapeutics that we reviewed appeared in journals that conduct peer reviews.

To read the article, see “The European path to reimbursement for digital health solutions,” September 17, 2020.