How digitization is shaking up the value chain in pharma, mining, and energy | McKinsey & Company

Make no mistake. Outsourcing more of the business to suppliers could have a big upside thanks to the power of their data-driven insights. And every company will need to participate in the digital ecosystems that are forming around every industry. Still, companies also need to be alert to new wrinkles—value-chain trade-offs beyond the data-rich outsourcing we have described. Location-agnostic robots, for example, hold the promise of markedly reducing labor costs for many industries, allowing incumbents to shift production away from low-cost venues or to bring some activities in-house.

Source: How digitization is shaking up the value chain in pharma, mining, and energy | McKinsey & Company

Apple reaches $1,000,000,000,000 value

Its symbolic, but symbols matter. Hats off to Apple for blazing an amazing trail of innovation and growth!

The iPhone maker’s stock continues to hit new milestones. Apple is the first US company to top a market valuation of $1 trillion. But it could soon have company. Amazon, Google owner Alphabet and Microsoft aren’t too far behind.

Source: Apple reaches $1,000,000,000,000 value