2021 opportunities & threats: inequality, mental health, environment

Kevin Sneader, Global Managing Partner at McKinsey & Company, provides perspective on what corporate business leaders are thinking during the global coronavirus crisis:

What are the opportunities and threats on the horizon for 2021?

Now, given the pandemic is still raging, it's hard to narrow the threats and opportunities down, but here are three threats and three opportunities. One, a growing likelihood of increased inequality on several fronts. Gender, since a quarter of women in work we recently did with LeanIn.org were either contemplating leaving or taking time out of the workforce. This reached 40% for those with young children. Race, since Black Americans have seen their jobs disappear at a far greater rate than their white counterparts. And income, since COVID deaths are 4 to 5 times higher among the unemployed and are concentrated in jobs that have been hardest hit. The second threat, mental health. The signs are increasing that this is the other side of the health threat that the virus poses. And three, the environment. They need to ensure a green rather than brown recovery at a time when money is tight.

On the opportunities, first off, flexibility in working through remote and other forms of working that are now happening. Secondly, innovation; we've seen more startups this year being started than in any year before. And lastly, the environment; for all that I said there is a risk of a brown recovery, policy makers and businesses alike in much of the world assuring they're prepared to invest behind the business case for a green recovery.

Early employment can set a young person on a trajectory for success, providing both a paycheck and a stepping-stone for improving academic performance.

Bank of America is committed to investing in youth employment, funding $160 million since 2018 to connect youth and young adults to jobs and mentoring.

The minutiae of supply chains makes for boring dinner table talk, but it's increasingly becoming a hot topic of conversation now that packages are taking much longer to arrive in the consumer-oriented US, while prices of goods soar.

With the issue unlikely to be resolved anytime soon, right-wing media have dubbed President Biden the Grinch Who Stole Christmas, conjuring images of sad Christmas trees surrounded by distraught children whose holiday gifts are stuck somewhere in the Pacific Ocean.

It hasn't been a good run for Uncle Joe in recent months. What issues are tripping him up?

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Three years ago, Facebook changed its algorithms to mitigate online rage and misinformation. But it only made Facebook worse by boosting toxic engagement, says Nick Thompson, The Atlantic CEO & former WIRED editor-in-chief. Thompson believes Facebook simply got in over its head, rather than becoming intentionally "evil" like, say, Big Tobacco with cigarettes. "I think they just created something they couldn't control. And I think they didn't grasp what was happening until too late." Watch his interview with Ian Bremmer on the latest episode of GZERO World.

From overall health and wellness to representation in the global workforce, women and girls have faced serious setbacks over the past 18+ months. They also hold the key to more robust and inclusive growth in the months and years ahead: McKinsey & Company estimates that centering recovery efforts on women could contribute $13 trillion to global GDP by 2030.

On October 28th at 12pm ET, as part of our "Measuring What Matters" series, GZERO Media and the Bill & Melinda Gates Foundation will look beyond traditional indicators of economic recovery to examine COVID-19's impact on girls and women, specifically in the areas of health and employment.

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This year, American kids who've asked Santa for L.O.L. Surprise! dolls, Nerf blasters, or classic Legos may be disappointed. The delivery of these and other in-demand toys could be delayed due to pandemic-related supply chain disruptions that are still hitting US businesses and consumers hard. Container vessels loaded with precious cargo are waiting days to enter busy US ports, while within the country truck drivers are working flat out to meet soaring demand for goods of all kinds. Products are getting wildly expensive or arriving late. Here's a snapshot of the problem, showing longer delivery times, skyrocketing freight and shipping costs, and trucker employment.

Bolsonaro accused of crimes against humanity: A long-running Senate investigation in Brazil has found that by downplaying the severity of COVID, dithering on vaccines, and promoting quack cures, President Jair Bolsonaro directly caused the deaths of hundreds of thousands of people. An earlier version of the report went so far as to recommend charges of homicide and genocide as well, but that was pulled back in the final copy to a mere charge of "crimes against humanity", according to the New York Times. The 1,200-page report alleges Bolsonaro's policies led directly to the deaths of at least half of the 600,000 Brazilians who have succumbed to the virus. It's a bombshell charge, but it's unlikely to land Bolsonaro in the dock — for that to happen he'd have to be formally accused by the justice minister, an ally whom he appointed, and the lower house of parliament, which his supporters control. Still, as the deeply unpopular Bolsonaro limps towards next year's presidential election, a rap of this kind isn't going to help.

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11,412: Irmgard Furchner, a 92-year-old former typist at a Nazi concentration camp in Germany, is facing trial for contributing to the murder of 11,412 people there. Furchner tried to escape German authorities in late September by sneaking out of her nursing home, but was arrested hours later and slapped with an electronic wrist tag.

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If you had to guess which current world leader has made the most trips to Africa, who would you say? China's Xi Jinping? Nope, hardly — he's been there just four times. France's Emmanuel Macron? Pas de tout.

The answer may surprise you: it's Turkish President Recep Tayyip Erdogan, who's been to the continent more times than the leader(s) of any other non-African state. Just this week he notched his 28th visit, with stops in Angola, Nigeria, and Togo. Sure, being in power for two decades creates a lot of opportunities for exotic travel, but even Russia's Vladimir Putin isn't close: he's been to Africa just five times, all to visit South Africa or Egypt.

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