Daniel Swan | Source | Sr. Partner at McKinsey & Company
Daniel Swan
Daniel Swan is the co-leader of McKinsey’s Global Operations Practice, guiding organizations through complex, end-to-end transformations that drive growth, supply chain resilience, operational excellence, environmental sustainability, and workforce empowerment. With a deep understanding of how global trends shape business operations, financial performance, and—most importantly—people, he works alongside world-class clients and teams to tackle their most pressing challenges.
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McKinsey & Company
Sr. Partner
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We need to talk about globalization: It’s simply not what it was. The dream of untrammeled global growth and trade has been cut short by supply chain snags that are now familiar to CEOs and everyday consumers alike. These disruptions are a problem not only structurally, but also strategically. Decades spent building global supply chains tuned for just-in-time performance have left companies vulnerable to shortages, geopolitical uncertainty and faster shifts in consumer demand.
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We’re in a new age of supply chain management, where sourcing capabilities are king, and digital innovation is the bridge to resilience. For some, the new supply chain is already here.
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Global retailers are already bracing for a busy shipping season and a volatile supply chain ahead of the holidays full of long lines at ports, delayed deliveries, and price increases. Even as retailers like Walmart and Target report weakening demand, warehouses remain full due to this buildup of inventory. While this may be a good sign, 83% of retail leaders have shortages in transport capacity, which will result in increased costs that will flow through the consumer in their holiday spending.
