The McKinsey week in Charts

Filler up

Some people are showing no hesitation about getting a jab—of aesthetic injectables. Greater consumer spending power and an ever-expanding portfolio of fillers and biostimulators are giving the aesthetics market a boost, with growth expected at about 12 % annually through 2026.

To read the article, see “From extreme to mainstream: The future of aesthetics injectables,” December 20, 2021.

 

Work smarter not harder

Pharma and medtech companies that integrate a smart quality culture to their processes show high rates of lot acceptance, according to our global survey. A quality culture approach explains the 30 percent lot-acceptance-rate variability among 34 sampled plants.

To read the article, see “Embedding ‘smart quality’ culture and capabilities in the organization,” January 10, 2022.

 

We’re gonna need a bigger shovel

 The transition to a net-zero economy will be metal-intensive. New technologies will require base metals—for example, copper for electrification and nickel for battery EVs. Green technologies will also need hefty amounts of rarer metals, such as lithium and cobalt for batteries, tellurium for solar panels, and neodymium for the permanent magnets used both in wind power generation and EVs. The required pace of transition means that, for some of these commodities, we will soon need ten times or more than is available today.

To read the article, see “The raw-materials challenge: How the metals and mining sector will be at the core of enabling the energy transition,” January 10, 2022.

 

The price might be right

Not since the 1970s has inflation been such a central issue for companies, so finding creative ways to mitigate price increases is a dormant skill in many organizations today. As a first step, companies need to know if higher materials costs are warranted. In the case of this T-shirt, the answer is yes.

To read the article, see “How to deal with price increases in this inflationary market,” January 13, 2022.

 

Wanted: Culturally competent doctors

Employees who said they had a preferred primary care provider (PCP) were more likely to have had “delightful” healthcare experiences; employees of color in particular were around 11 percentage points more likely to have had “delightful” experiences if they had a PCP. Why? A doctor, nurse, or physician’s assistant who is culturally competent can understand and validate personal identities and experiences.

To read the article, see “Income alone may be insufficient: How employers can help advance health equity in the workplace,” December 3, 2021.