Here’s why Europe needs to pay attention to its technology crisis

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   New from McKinsey & Company   Curated by Eleni Kostopoulos   Digital Publishing Manager, New York Lifting Europe's Ambition Europe is at an economic inflection point. To build long-term resilience, the region needs to become smarter and more innovative—quickly and at scale. How? By paying attention to its slow-motion corporate and technology crisis, write senior partners Sven Smit, Magnus Tyreman, and co-authors in a new report from McKinsey Global Institute. Dive deeper with these insights from Lifting Europe's Ambition, a publishing series that explores opportunities across sectors that can help raise competitiveness and growth—and enable Europe to maintain its leading global position on sustainability and inclusion. Read more Securing Europe's competitiveness: Addressing its technology gap Even amid war in Europe and the energy and cost of living crisis that has resulted, the region needs to pay attention to its slow-motion corporate and technology crisis. Understand regional trends  Digital challengers on the next frontier in Central and Eastern Europe Our most recent report on economic growth in the CEE region from 2017–21 shows the positive role of digital commerce in driving value and future growth. Read the latest report  European consumers increasingly react to the stress of rising prices The latest Consumer Pulse Survey shows that, across Europe, people are continuing to adopt new behaviors in response to new stressors. Understand regional views  War in Ukraine: Twelve disruptions changing the world The war is devastating lives and roiling markets. Here we track the disruptions that seem likely to shape lives and livelihoods, beyond the immediate crisis. Navigate the crisis  Playing offense to create Nordic sustainability champions Nordic companies are uniquely positioned to lead the world in combating climate change, potentially creating a Nordic Silicon Valley of sustainability. Combat climate change  How climate action can help deliver EU energy security Governments can act now to accelerate the energy transition in Europe to both improve the continent's long-term energy security and reduce emissions. Read the report  Beyond gender: Promoting diversity in French companies French companies want executives with diverse national origins and socioeconomic backgrounds. But they have had uneven success in achieving this goal. Work toward inclusivity  Closing the gender gap in Central and Eastern Europe Empowering women in the workplace could unlock significant economic growth in the region. Four areas to improve gender parity  Winning formula: How Europe's top tech start-ups get it right We studied Europe's top 1,000 start-ups to learn how they succeed in the region's fragmented value pool and found the answers lie in four distinct strategic plays. How the standouts succeed  Infographic: The McKinsey Biotech Innovation Index Europe may be catching up with the United States in biotech innovation and funding. Its overall score on the Biotech Innovation Index improved by 20 percent in 2015–17 and 2018–20. Track the changes  Implications of the 'energy transition' across the machinery value chain End-market customer concerns about the environment and sustainability—fueled by stakeholder pressure—are prompting the machinery industry to focus on energy transition across the value chain. Take on the challenge   MORE FROM MCKINSEY McKinsey launches new Europe research at firm's largest-ever media day Dozens of journalists attended the Brussels event, which unveiled new research highlighting Europe's opportunity in technology and innovation. Take bold action  We're helping build an economy that works for all. 7 in 10 people live in societies with growing inequality. That's why we're taking action. See how we're helping  To see more essential reading on topics that matter, visit McKinsey Themes. Follow our thinking Share these insights Did you enjoy this email? Forward it to colleagues and friends so they can subscribe too. Was this forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. 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 our Europe alert list. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007