Diverse building blocks
An estimated 10000 businesses owned by minorities, women, LGBTQ+ people, veterans, and people with disabilities earn at least $10 million annually. Los Angeles, New York, and Washington, DC, are home to more of those business enterprises than any other city in the United States.
To read the article, see “Expand diversity among your suppliers—and add value to your organization,” May 17, 2022.
Over the past year, Americans have become increasingly pessimistic about their access to economic opportunity—and women are generally more pessimistic than men. These are some of the findings in McKinsey’s recent American Opportunity Survey, which polled 25,000 people across demographic categories including identity, age group, and income level. Click through to see more.
To read the article, see “For many Americans, economic opportunity seems increasingly out of reach,” May 18, 2022.
Sustainable sources for fabs
Semiconductor manufacturers are factoring in sustainability considerations as they map out locations for their fabrication plants (fabs). These fabs must pull electricity from a combination of on-grid and off-grid sources. Some regions around the globe, such as Europe and the United States, offer more reliable access to renewable energy than others.
To read the article, see “Sustainability in semiconductor operations: Toward net-zero production,” May 17, 2022.
Corporations take a stand
The corporate sector reacted swiftly to Russia’s invasion of Ukraine. Among businesses based in Europe, the United Kingdom, and the United States, nearly 85 percent left or scaled back their operations in Russia. And 70 percent of the Fortune 500 companies that operated in Russia prior to the war opted to leave or scale back their business once the conflict began.
To read the article, see “War in Ukraine: Twelve disruptions changing the world,” May 9, 2022.
Storage as a power play
The variability of wind and solar power creates a need to balance supply and demand. Long-duration energy storage (LDES) technologies could potentially smooth out fluctuations in supply and demand by storing energy at times of surplus and releasing it when needed—and, at high levels of supply–demand matching, reduce the costs of renewable power.
To read the article, see “Decarbonizing the grid with 24/7 clean power purchase agreements,” May 11, 2022.