How CEOs can navigate the new era of trade

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Tariff tumult. Shifting geopolitical alliances. AI acceleration. Structural shifts are reshaping global trade. On this episode of The McKinsey Podcast, McKinsey Senior Partner Shubham Singhal and McKinsey Partner Jeongmin Seong speak with Global Editorial Director Lucia Rahilly about how to adapt to the current phase of global trade reconfiguration—from where to manufacture to supply chain decisions—and how best to invest.

In the second half of this episode, McKinsey Senior Partner Kate Smaje joins Lucia to answer some audience questions from our last McKinsey Live webinar, based on the second edition of the book Rewired, about how to rewire your organization in the age of digital and AI.

This episode has been adapted from our McKinsey Live webinar series.

Tariff tumult. Shifting geopolitical alliances. AI acceleration. Structural shifts are reshaping global trade. On this episode of <a href="https://www.mckinsey.com/featured-insights/mckinsey-podcast">The McKinsey Podcast</a>, McKinsey Senior Partner <a href="https://www.mckinsey.com/our-people/shubham-singhal">Shubham Singhal</a> and McKinsey Partner <a href="https://www.mckinsey.com/our-people/jeongmin-seong">Jeongmin Seong</a> speak with Global Editorial Director Lucia Rahilly about how to adapt to the current phase of global trade reconfiguration&mdash;from where to manufacture to supply chain decisions&mdash;and how best to invest.
In the second half of this episode, McKinsey Senior Partner <a href="https://www.mckinsey.com/our-people/kate-smaje">Kate Smaje</a> joins Lucia to answer some audience questions from our last <a href="https://www.mckinsey.com/featured-insights/mckinsey-live/webinars/rewired-to-win-reimagining-the-enterprise-with-tech-and-ai">McKinsey Live webinar</a>, based on the second edition of the book <a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/rewired">Rewired</a>, about how to rewire your organization in the age of digital and AI.
This episode has been adapted from our <a href="https://www.mckinsey.com/featured-insights/mckinsey-live/webinars">McKinsey Live webinar series</a>.

The McKinsey Podcast, our new flagship podcast series, takes you inside our global firm, and features conversations with experts on issues that matter most in business and management. McKinsey & Company is a management-consulting firm that helps businesses, governments, and not-for-profit organizations realize their most important goals. Topics covered in this series include strategy, technology, leadership, marketing, operations, organization, and the role of business in society.

The McKinsey Podcast features conversations with experts from global management-consulting firm McKinsey & Company, focusing on the issues that matter most in business and management.

The McKinsey Podcast

Our flagship series The McKinsey Podcast takes you inside our global firm, and features conversations with experts on issues that matter most in business and management. McKinsey & Company is a management-consulting firm that helps businesses, governments, and not-for-profit organizations realize their most important goals. Topics covered in this series include strategy, technology, leadership, marketing, operations, organization, and the role of business in society.

Our flagship series The McKinsey Podcast takes you inside our global firm, and features conversations with experts on issues that matter most in business and management. McKinsey &amp; Company is a management-consulting firm that helps businesses, governments, and not-for-profit organizations realize their most important goals. Topics covered in this series include strategy, technology, leadership, marketing, operations, organization, and the role of business in society.

McKinsey’s latest research on global banking demonstrates that artificial intelligence isn’t just another efficiency play for financial institutions; it represents a fundamental shift in how these companies manage costs, attract and retain customers, and stay ahead of the competition. In this episode, Ido Segev, McKinsey senior partner and Roberta Fusaro, editorial director talk about the speed with which AI is advancing, what’s holding banks back from scaling it, and the potential advantages for early movers.

Theme music composed, performed, and produced by Joy Ngiaw.

McKinsey&rsquo;s <a href="https://www.mckinsey.com/industries/financial-services/our-insights/global-banking-annual-review">latest research on global banking</a> demonstrates that artificial intelligence isn&rsquo;t just another efficiency play for financial institutions; it represents a fundamental shift in how these companies manage costs, attract and retain customers, and stay ahead of the competition. In this episode, <a href="https://www.mckinsey.com/our-people/ido-segev">Ido Segev</a>, McKinsey senior partner and Roberta Fusaro, editorial director talk about the speed with which AI is advancing, what&rsquo;s holding banks back from scaling it, and the potential advantages for early movers.
Theme music composed, performed, and produced by Joy Ngiaw.

Move first or fall behind: How AI is rewriting the rules of banking

For more than a century, medicine has largely followed a one-size-fits-all model—but that paradigm is beginning to break. On this episode of The McKinsey Podcast, Stéphane Bancel, CEO of Moderna, joins Eric Kutcher, McKinsey’s North America chair, to explore how mRNA technology is transforming healthcare. From the rapid development of COVID-19 vaccines to new approaches to rare genetic diseases and individualized cancer treatments, Bancel explains how treating biology as information could reshape how drugs are discovered, manufactured, and delivered.

In this recurring series, Eric speaks with top CEOs about the practice of leadership.

The McKinsey Podcast is cohosted by Lucia Rahilly and Roberta Fusaro.

To watch the full-length version of this interview, visit The McKinsey Podcast playlist on McKinsey’s YouTube channel.

For more than a century, medicine has largely followed a one-size-fits-all model&mdash;but that paradigm is beginning to break. On this episode of <a href="https://www.mckinsey.com/featured-insights/mckinsey-podcast">The McKinsey Podcast</a>, St&eacute;phane Bancel, CEO of Moderna, joins Eric Kutcher, McKinsey&rsquo;s North America chair, to explore how mRNA technology is transforming healthcare. From the rapid development of COVID-19 vaccines to new approaches to rare genetic diseases and individualized cancer treatments, Bancel explains how treating biology as information could reshape how drugs are discovered, manufactured, and delivered.
In this recurring series, Eric speaks with top CEOs about the practice of leadership.
The McKinsey Podcast is cohosted by Lucia Rahilly and Roberta Fusaro.
To watch the full-length version of this interview, visit <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2Fplaylist%3Flist%3DPLhvMIsPbo0GAPNJfL83RKPmeuJRSk0KKu&amp;data=05%7C02%7CVictoria_Grace%40external.mckinsey.com%7C8c8491409e6944cf3f8808deb74dab31%7Ccc8936bc93824fff87cb6f55999549e7%7C0%7C0%7C639149741385637523%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=QdoVfUAR8a%2FbutH%2F1ylJJ6Gs%2BZzDPL7KMG1SUZK9OZI%3D&amp;reserved=0" data-outlook-id="e77f8d31-78e1-4256-854a-36b11dbd6be8">The McKinsey Podcast&nbsp;playlist</a>&nbsp;on McKinsey&rsquo;s YouTube channel.

The next era of healthcare is personal

A historic wave of ownership transitions is set to reshape the backbone of the US economy. The fate of jobs, local spending, and wealth creation all hinge on whether enough qualified—and diverse—buyers can step in to continue to pave the way for small business ownership. In this episode, Shelley Stewart III, McKinsey senior partner and Roberta Fusaro, editorial director, talk about the scale and stakes of the "Great Ownership transfer". After, Ken Yearwood, McKinsey partner, joins to talk about the risks of inaction and the practical pathways to making these transitions work. 

The McKinsey Podcast: https://www.mckinsey.com/featured-insights/mckinsey-podcast

Shelley Stewart III: https://www.mckinsey.com/our-people/shelley-stewart

The Great Ownership Transfer report: https://www.mckinsey.com/institute-for-economic-mobility/our-insights/the-great-ownership-transfer-a-new-era-of-business-stewardship

McKinsey Institute for Economic Mobility: https://www.mckinsey.com/institute-for-economic-mobility/overview

Theme music composed, performed, and produced by Joy Ngiaw.

A historic wave of ownership transitions is set to reshape the backbone of the US economy. The fate of jobs, local spending, and wealth creation all hinge on whether enough qualified&mdash;and diverse&mdash;buyers can step in to continue to pave the way for small business ownership. In this episode, Shelley Stewart III, McKinsey senior partner and Roberta Fusaro, editorial director, talk about the scale and stakes of the "Great Ownership transfer".&nbsp;After, Ken Yearwood, McKinsey partner, joins to talk about the risks of inaction and the practical pathways to making these transitions work.&nbsp;
The McKinsey Podcast: <a href="https://www.mckinsey.com/featured-insights/mckinsey-podcast">https://www.mckinsey.com/featured-insights/mckinsey-podcast</a>
Shelley Stewart III: <a href="https://www.mckinsey.com/our-people/shelley-stewart">https://www.mckinsey.com/our-people/shelley-stewart</a>
The Great Ownership Transfer report: <a href="https://www.mckinsey.com/institute-for-economic-mobility/our-insights/the-great-ownership-transfer-a-new-era-of-business-stewardship">https://www.mckinsey.com/institute-for-economic-mobility/our-insights/the-great-ownership-transfer-a-new-era-of-business-stewardship</a>
McKinsey Institute for Economic Mobility: <a href="https://www.mckinsey.com/institute-for-economic-mobility/overview">https://www.mckinsey.com/institute-for-economic-mobility/overview</a>
Theme music composed, performed, and produced by Joy Ngiaw.

How CEOs can navigate the new era of trade

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