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The great trade rearrangement

McKensey

It is lowest for pharmaceutical products (roughly 0.03), midrange (between 0.3 Examples include rare earth magnets, which are used in electric vehicles, wind turbines, and defense applications, as well as some chemicals used in pharmaceutical manufacturing. but the figure varies widely across sectors.

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SUCCESS’ 2025 Women of Influence

Success

April Callis-Birchmeier CEO of Springboard Consulting Callis-Birchmeier is CEO of Springboard Consulting, a leader in preparing project and HR professionals to lead change effectively by incorporating change management activities into project plans.

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The next innovation revolution—powered by AI

McKensey

“Diagnosing the decline in pharmaceutical R&D efficiency,” 2012, Nature Reviews Drug Discovery , Volume 11, Number 3. Leading companies in the pharmaceutical industry have already been deploying AI in their R&D processes. Scannell et al., Streamlining internal knowledge management. Automating documentation tasks.