TradeBriefs Editorial

From the Editor's Desk

Covid-19 Briefing materials from McKinsey: Global health and crisis response

Here's a comprehensive presentation on what we know about the coronavirus and its economic impact so far (with some predictions on when normalcy might return). Some important points are summarized below. The link to the complete presentation is below that.

- Herd immunity will eventually be achieved through a combination of Covid-19 vaccine deployment (most important factor), effect of previous vaccinations (eg: BCG vaccine), Covid-19 infection leading to immunity, other coronavirus infections (T-cell cross-reactivity), reduced RO factor (because of biological, socio-behavioral and environmental factors)
- There are 278 candidates in the pipeline for COVID-19 vaccines
- Corporate stress in Q2 2020 is at the same point as the 2009 trough, but in only 4 to 6 months vs. 2 years
- Degree of economic uncertainty has fallen more than half as initial unknowns about the virus have dissipated

Complete presentation here


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TradeBriefs Editorial

From the Editor's Desk

23% of Earth's natural habitats could be gone by 2100, study finds

Climate change and global food demand could drive a startling loss of up to 23 percent of all natural habitat ranges in the next 80 years, according to new findings published in Nature Communications.

Habitat loss could accelerate to a level that brings about rapid extinctions of already vulnerable species. Shrinking ranges for mammals, amphibians and birds already account for an 18 percent loss of previous natural ranges, the study found, with a jump expected to reach 23 percent by this century's end.

Global food demand currently fuels agricultural sectors to increase land use, moving into habitats previously untouched. What results - deforestation - leaves more carbon dioxide in the air, increasing greenhouse gas emissions, the main driver of climate change. In the U.S. alone, agriculture-related emissions measure 11.6 percent of the world's greenhouse gas emissions, which include carbon dioxide, methane and nitrous oxide.

Continued here


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TradeBriefs Editorial

From the Editor's Desk

Don't kill bureaucracy, use it

Bureaucracies are the scaffolding needed to implement new ideas at scale. Just remember to dismantle them when the work is done.

Earlier this year, an intriguing tweet from Tom Peters popped up on my phone. "Virtually all the popular improvement ideas - Continuous Improvement, 6-Sigma, MBO [management by objectives], Agile, Brainstorming, Strategic Planning, PPBS [planning, programming, budgeting systems], ZBB [zero-based budgeting] - develop hardening of the arteries, lose their youthful glow, and become one more burdensome, life-sucking bureaucratic practice," he wrote.

This may sound glib to you. But like many of Peters's observations, it's got a strong foundation in reality. If you've been around for a while, you know that all sorts of business programs ossify after a few years. It happened with total quality management (TQM) and business process reengineering back in the 1990s. It’s happening with D&I (diversity and inclusion) and holacracy now.

Continued here


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