Making resilience a reality in today’s economic maelstrom

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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 Making resilience a reality in today's economic maelstrom Our times are being shaped by an interplay of complex disruptions, with disparate origins and long-term consequences, rendering familiar crisis responses ineffective, writes senior partner Thomas Poppensieker, chair of the Global Risk & Resilience Editorial Board. How can organizations arrive at a resilient stance—alert to what is over the horizon and ready to withstand shocks? In the latest edition of McKinsey on Risk, we discuss nuanced strategies for navigating the fragmented global order and a roadmap for large-scale risk transformations. We also look at the special challenges European companies are facing right now, share perspectives on inflation risk, and tackle building more resilient supply chains. Explore our insights on these pressing topics below, and download the full issue to dive deeper.  Read more Resilience for sustainable, inclusive growth Resilience should be seen as the ability to deal with adversity, withstand shocks, and continuously adapt and accelerate as disruptions and crises arise over time. Withstand shocks  A defining moment: How Europe's CEOs can build resilience to grow in today's economic maelstrom Can leaders lift their companies to the next frontier of resilience—not only to survive but also to thrive? Get the bigger picture  Using analytics to address inflation risks and strengthen competitive positioning In the new inflationary environment, company leaders can protect their business and gain competitive advantage by deploying analytics-aided strategies. Focus now  Supply chains: To build resilience, manage proactively Supply chain upheavals show little sign of abating. Companies can address them by reconsidering outdated, short-term strategies and beginning the hard work of building structural resilience. Get ahead  How to build geopolitical resilience amid a fragmenting global order Organizations need to strategically invest in capabilities, people, processes, structures, and technology to navigate the risks arising from an evolving and fraught geopolitical landscape. Create resilience  Risk transformations: The heart, the art, and the science Successful large-scale risk transformation requires a combination of heart, art, and science to keep the momentum and deliver sustainable outcomes. Make meaningful change  Does ESG really matter—and why? Although valid questions have been raised about ESG, the need for companies to understand and address their externalities is likely to become essential to maintaining their social license. Deliver meaningful impact  How to make ESG real While ESG is likely to evolve both in substance and name in the coming years, its underlying impulse is here to stay. Here's how companies can take a more systematic and rewarding approach to ESG. Be effective  Securing your organization by recruiting, hiring, and retaining cybersecurity talent to reduce cyberrisk Shed the conventional methods. Talent-to-value protection defines the most important cybersecurity roles that demonstrate the greatest reduction in risk for the enterprise. Reduce risk  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 Risk Management alert list. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007