As sustainability and energy security become a key concern across the power-hungry industrial sector, a team from G… https://t.co/x4ZLsd5FE9
2 years agoJUST THE BEGINNING…
Look back at the past 25 years, and it is easy to assume the pace of change now is as fast as it ever will be. The explosion of the internet, and its migration to mobile, has had such a profound impact that it can be hard to imagine further acceleration. To many, we are already at ‘peak change’.
It is an understandable position, but a fundamentally flawed one. Make no mistake: we are not at the summit of a steep curve, but at the foot of an even steeper one. The innovations of the coming years – some sudden, some gradual – promise even greater shifts in how people live, work and play.
This report explores the five major innovations that we think are most likely shape the future of industrial and logistics real estate for occupiers, investors and developers. Those that anticipate the changes, and work to embrace them, will be the ones that thrive in the economy of tomorrow.
RIDING A WAVE
The innovations, advances and breakthroughs we explore in this report will fundamentally reshape the UK and global economies. Trends we have seen post-2000 – the decline of bricks-and-mortar retail, the expansion of on-demand home delivery, the growth of the sharing economy – will accelerate, while new shifts will rise and drive further change.
The need for greater flexibility is not a new factor, but an accelerating one. We’re likely to see portfolios trimmed of assets that provide no longevity or opportunity to future proof and whole new properties will be developed in the knowledge that they will require complete re-orientation at various points in its lifecycle to meet shifting occupier requirements.
Jennifer Cottle, Partner, Property & Asset Management
Any sector facing shifting skills requirements sees a battle for talent, especially in the early days of change as the abilities of the population lag behind the new requirements. Education and training have a ‘lead-in’ time, doubly so for highly-specialist capabilities, and this will be reflected in the packages such experts can expect as demand for their services outstrips supply.
Helen Foley, HR Director
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