Serving the Black consumer is a $300 billion opportunity

11/25/21 • 30 min

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Due to a lack of product and services tailored specifically to meet the needs and wants of Black consumers, their loyalty is up for grabs and offers a huge opportunity for business. There is also a greater chance to meet social and moral objectives. This, according to McKinsey's recent report about the economic state of Black America. Hear Shelley Stewart III, partner at McKinsey, in conversation with Lucia Rahilly, global editorial director, to discuss specific areas where the private and public sectors have the most expeditious opportunities.

The economic state of Black America report: https://www.mckinsey.com/featured-insights/diversity-and-inclusion/the-economic-state-of-black-america-what-is-and-what-could-be

Also, hear from Eric Kutcher, senior partner at McKinsey, who shares a big, hard lesson learned when he was starting out, from McKinsey’s “My Rookie Moment” series: https://www.mckinsey.com/featured-insights/my-rookie-moment

Theme music composed and performed by Joy Ngiaw

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The economic state of Black America report: https://www.mckinsey.com/featured-insights/diversity-and-inclusion/the-economic-state-of-black-america-what-is-and-what-could-be

Theme music composed and performed by Joy Ngiaw

See www.mckinsey.com/privacy-policy for privacy information

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The economic and social disadvantages of ageism

They're the most educated with great expertise. Yet, they remain underestimated. It's the people over 45, a useful cohort that struggles to find new employment, in large part, due to ageism. Hear from Mona Mourshed, CEO of Generation, an organization that trains people who are unemployed, underemployed, or need to learn new skills in conversation with Roberta Fusaro, McKinsey executive editor. They also dig into how employers stand to gain by investing in older workers - practically, culturally, and economically.

Generation report: https://www.generation.org/news/unemployed-aged-45-and-above-face-ageism-and-career-challenges-globally/

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Next Episode

How to create a resilient supply chain strategy

How can organizations build resilience into their processes so they can be ready for the next inevitable supply chain disruption? Hear from Knut Alicke and Dan Swan, McKinsey partners, in conversation with executive editor Roberta Fusaro, on steps to take to achieve supply chain resilience, how to manage inflation and examples of how clients have successfully set themselves up to manage future disruptions.

Following, hear from Oscar Viyuela Garcia, an early-tenure consultant who left academia for a career at McKinsey.

Theme music composed and performed by Joy Ngiaw

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