Globalization isn’t going away, but it is changing, according to recent research from theMcKinsey Global Institute (MGI). In this episode of The McKinsey Podcast, MGI director Olivia White speaks with global editorial director Lucia Rahilly about the flows of goods, knowledge, and labor that drive global integration—and what reshaping these flows might mean for our interconnected future. After, global brewer AB InBev has thrived in the throes of what its CFO Fernando Tennenbaum describes as the recent “twists and turns.” Find out how in this excerpt from our McKinsey Live series, recorded in December 2022. Theme music composed, produced, and performed by Joy Ngiaw.See www.mckinsey.com/privacy-policy for privacy information

McKinsey senior partners discuss global productivity, the impact of technology on wages, and the need for investments. They explore disparities in productivity growth rates between countries and the potential of digital transformation to boost productivity. Additionally, the challenge in Europe to fill skilled labor positions is addressed, suggesting hiring ethnic-minority employees as a solution.

This podcast features Michael Birshan, a senior partner leading Strategy & Corporate Finance at McKinsey; Ziad Haider, the global director of geopolitical risk; and Olivia White, a senior partner at the McKinsey Global Institute. They discuss essential strategies for businesses facing geopolitical uncertainties. Key topics include the balance of efficiency and resilience in supply chains, the importance of stakeholder engagement, and practical approaches to decision-making in uncertain times. Their insights offer a roadmap for navigating complex global landscapes.

Olivia White, Director of the McKinsey Global Institute, shares insights on alarming demographic shifts and their economic implications, detailing the impact of declining birth rates. Robert Garrett, CEO of Hackensack Meridian Health, discusses healthcare challenges amid political changes, including costs and innovations. They highlight the urgent need for businesses and healthcare systems to adapt strategically. The duo emphasizes technology's role in fostering economic growth and the importance of collaboration to address healthcare accessibility.

Olivia White from McKinsey discusses changing trade relationships. Mick Mulroy and Larry Liebert report on Iran's missile strike in Pakistan. Jennifer Petty shares research on commercial card trends. JoAnne Bianco talks about market trends and fund flows. Discussion on commercial real estate concerns and credit rating categories.