The world needs a resource revolution

We are now starting to see acknowledgement that there is inefficient allocation of resources globally. Obviously that means there needs to be a revamp in the way that resources are allocated. Fortunately we have a solution. Aivars Lode

The world needs a resource revolution

Recent McKinsey research on the supply-and-demand outlook for energy, food, steel, and water suggests that without a step change in resource productivity and a technology-enhanced expansion of supply, the world economy could be entering an era of high and volatile resource prices. Nothing less than a resource revolution is needed, but that’s within reach: as the exhibit below shows, 15 resource productivity priorities represent 75 percent of the total productivity prize. To learn more about opportunities that will help some companies to build profitable businesses and others to control their costs and risks, read “Mobilizing for a resource revolution” (January 2012).