IQNavigator Spotlight

In the Sweet-Spot of McKinsey’s “Five Forces Reshaping the Global Economy”

By John Martin

McKinsey released results from its sixth-annual executive survey (registration required) about global economic trends, and derived five overall forces that are reshaping the global economy:

1. Growth and Risk Management in Emerging Markets
2. Labor Productivity and Talent Management
3. Global Flows of Goods, Information, and Capital
4. Natural Resource Management
5. The Increasing Role of Governments

Of particular note is that the top three trends all drive the requirement to better leverage purchased services, globally. Companies of all sizes need to find talent and capabilities anywhere in the world, faster than their competitors, and proactively manage all the risks of service delivery and non-employee personnel.

Fortunately, modern-generation services procurement solutions help companies do exactly that.