Workplace real estate in the COVID-19 era: From cost center to competitive advantage

3 steps for transformation ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Companies have long thought of their physical workplaces as just one of the costs of doing business. But the new world of work demands a different approach to workplace real estate: offices should be strategically located, built for purpose, and integrated into corporate strategies. Real estate should be approached as part of a company’s larger goals and guided by CEOs and executive teams. Check out a new article to see how three companies have successfully used their physical footprint as a competitive edge, and explore three steps companies can take to transition their real estate from a cost center to an integral part of the corporate strategy. — Joyce Yoo, digital editor, New York Workplace real estate in the COVID-19 era: From cost center to competitive advantage Companies today should build workplaces that help them realize their strategies. Here's why and how. 3 steps for transformation Quote of the Day “Sustainability is too important to leave to our chief sustainability officer. It needs to be owned by everybody in the management committee if we're going to be effective.” —Michael Froman, vice chairman and the president of strategic growth at Mastercard, on integrating ESG [environmental, social, and governance] into business strategy in a new episode of the Future of America podcast Chart of the Day See today’s chart Also New Forward Thinking on trade, vaccines, and sustainable and inclusive growth with WTO Director-General Ngozi Okonjo-Iweala The World Trade Organization’s first African—and first female—director-general reflects on the impact of the pandemic on trade, the imperative to ensure that vaccines reach Africa and other emerging economies, and how to ensure that trade is more inclusive in the years ahead. Address challenges   Financial inclusion and sustainable, inclusive growth in action Access to financial services remains a significant barrier to prosperity for millions of Americans. How can businesses promote financial inclusion and support sustainable, inclusive growth more broadly? Understand the issues   Sustainability in semiconductor operations: Toward net-zero production As semiconductor companies ramp up production to meet surging demand, greenhouse-gas reduction deserves equal emphasis. Make green changes   Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007