How to meet the coming resource challenge
During most of the 20th century, the price of food, water, energy, and other resources fell steadily, despite strong growth in the world’s population, thanks to cheap new sources of supply and technological innovation. But in the past ten years, demand from emerging markets erased the previous century’s price declines. Over the next two decades, up to three billion people may join the middle class, raising demand just as new resources could become more difficult and costly to obtain and as environmental deterioration resulting from higher consumption threatens the supply of resources, particularly food.
The challenge is great, but a new McKinsey report, Resource Revolution: Meeting the world’s energy, materials, food, and water needs, shows how it can be mastered. View the executive summary and full report on the McKinsey & Company Web site and delve into an interactive presentation exploring five of the main opportunities to use resources more productively. For another look at the trends shaping supply and demand for energy, food, metals, water, and the like, also read “A new era for commodities.”