The McKinsey Week in Charts

Second time right

COVID-19 tested the world’s ability to monitor and respond to an outbreak of a deadly infectious disease. The results were mixed at best. To avoid a repeat, we estimate that the world’s public-health agencies could invest USD 357 billion over the next decade. That’s about USD 5 per person, per year.

To read the article, see “Not the last pandemic: Investing now to reimagine public-health systems,” May 21, 2021.

The fountain of youth

North American wealth management proved remarkably resilient in 2020 due to surging markets and the rise of next gen investors. Clients born after 1965 now represent 24 percent of the total. The surge in youthful investing caused the largest single-year decline in average age of new clients in the ten years we’ve been publishing our annual report.

Ready, set, rebound? Not for low-income Americans

While consumer spending as a whole is set to rebound, the recovery is likely to be uneven. High-income households with members who could work remotely have seen their savings spike, and are already in a better position to spend. Low-income households will likely not return to 2019 spending levels by 2024, especially US families that have lost jobs and face income uncertainty.

To read the article, see “What’s next for consumers, workers, and companies in the post-COVID-19 recovery,” May 18, 2021.

Doctors dig digital channels when ordering medtech products

In 2020, doctors and other healthcare professionals shifted to digital channels to order products; use of e-procurement portals rose 20-fold since 2019. However, they still favour in-person interactions when demos and case support are needed.

To read the article, see “Omnichannel engagement in medtech: The time is now,” May 19, 2021.

Have it your way

How can organisations help their anxious and burned-out employees? More than half of employees told us they would like their companies to adopt more flexible hybrid virtual-working models

To read the article, see “What employees are saying about the future of remote work,” April 1, 2021.

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