How resource scarcity is driving the third Industrial Revolution

The authors of the new book Resource Revolution argue that high resource prices are spurring innovations powerful enough to unlock a new phase of global economic growth.

Shortages of energy, materials, food, and water are forcing successful innovators to combine information technology with industrial technology, as well as through harnessing materials science and biotechnology, to ensure global growth continues into a new phase.

By thinking about how to produce more with less and to access resources at far lower costs, coauthors of the new book Resource Revolution: How to Capture the Biggest Business Opportunity in a Century (New Harvest, April 2014), argue that to be successful, managers will need to think in new ways about products, services, and technologies.

This third industrial revolution is driving unprecedented change in global supply chains. Companies that fail to transform and utilise these revolutionary technologies will fail to compete with those that will.

Mc Kinsey Consulting with the authors of Resource Revolution

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