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mckinsey

The Rise of Automation in Manufacturing

December 12, 2023 by Mark Allinson

Manufacturing operations across the globe have experienced a great deal of turbulence in recent years.

From disruptions to production lines and supply chains brought about by both the pandemic and geopolitical disturbances, to an increased focus on sustainable practices intended to reduce energy consumption and make more appropriate use of finite resources.

In an effort to address these pressures, organizations around the world are working to find actionable ways to improve productivity without incurring avoidable expenses. [Read more…] about The Rise of Automation in Manufacturing

Filed Under: Manufacturing Tagged With: automation, efficiency, human error, increase, manufacturing, mckinsey, percent, productivity, rise, risk

Rising costs, climate change and lack of automation putting pressure on farmers’ profits

September 21, 2023 by Mark Allinson

Dramatic increases in labor costs and other input, along with climate change, have put significant pressure on farmers’ profits, according to analysis from McKinsey & Company.

Farmers have reported that the cost of fertilizer and crop protection has risen by 80 to 250 percent over the past few years.

Meanwhile, a warmer climate is resulting in increased weather variability, more frequent acute weather events, longer droughts, and new invasive crops and pests, all of which reduce yields. [Read more…] about Rising costs, climate change and lack of automation putting pressure on farmers’ profits

Filed Under: Agriculture, Features Tagged With: farmers, farms, mckinsey, profits

Smart cities: Enticing visions of super-clean, safe and high-tech cities of the future

September 5, 2018 by Abdul Montaqim

Light trails above buildings at night in China.

Smart cities promise enormous improvements in the quality of life and huge efficiencies in the way large, metropolitan areas are run. 

Technologies are being developed and implemented now that can help monitor and manage almost everything in a smart city, from waste and energy, to traffic and crime.

But, according to a McKinsey report, we are still currently “seeing only a preview” of what technology could eventually do in the urban environment.  [Read more…] about Smart cities: Enticing visions of super-clean, safe and high-tech cities of the future

Filed Under: Features, Infrastructure Tagged With: mckinsey, smart cities

Growth in electric vehicle sales will not strain the power grid, says McKinsey

August 14, 2018 by Sam Francis

denso electric

The growing popularity and sales of electric vehicle will not strain the power grid, according to an analysis by McKinsey, one of the world’s leading management consultancies. 

McKinsey says its analysis suggests “the projected growth in e-mobility will not drive substantial increases in total electrical-grid power demand in the near- to mid-term, limiting the need for new electricity-generation capacity during that period”.

The authors of the report used Germany as an example and found that electric vehicle sales may grow to the extent that five extra gigawatts of power will be required, but that is only 1 percent of total supply.  [Read more…] about Growth in electric vehicle sales will not strain the power grid, says McKinsey

Filed Under: News, Transportation Tagged With: batteries, electric vehicles, electricity supply, ev, mckinsey, power grid

Robotics and automation to replace 800 million human workers by 2030, says new report

December 4, 2017 by Sam Francis

automation image

The global effects of robotics and automation technologies is forecast to include the removal of as many as 800 million people from their jobs by 2030, according to a new report. Seventy million of them will be in the US. 

McKinsey, the consultancy firm which conducted the research, says the development of automation technologies is “sparked much public concern”.

In its report, Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation, McKinsey Global Institute says that, while automation is not a new phenomenon and fears surrounding its effects date back centuries, the situation seems different now.  [Read more…] about Robotics and automation to replace 800 million human workers by 2030, says new report

Filed Under: News Tagged With: automation, job losses, mckinsey

Hannover Messe: And Polska has won it!

January 10, 2017 by Mark Allinson

polska stamp

Poland is this year’s partner country for Hannover Messe, the world’s most influential industrial trade show. 

Last year’s partner country was USA, and President Barack Obama was the guest of honour. The year before that, it was India, and Prime Minister Narendra Modi, welcomed as usual by German Chancellor Angela Merkel.

So, following on from the one of the world’s most populous nations, and then the world’s most powerful, Poland and its leaders have a lot to live up to. [Read more…] about Hannover Messe: And Polska has won it!

Filed Under: Sections A-Z Tagged With: country, growth, hannover, mckinsey, messe, poland, sector

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