KPMG Global Infrastructure publish an annual ‘Foresight‘ trends report on the world infrastructure markets. At 11 pages of large type and images it is a quick but interesting read.
The 10 trends that KPMG identify for 2015 are:
- Governments take action to unclog the infrastructure project pipeline
- Political and regulatory risks rise up the agenda
- Market reforms- the status quo is not fit for purpose
- The shifting role of multinationals and development banks
- Big complexities start to impede big projects
- Striking the right balance between necessity and opportunity
- Striving for better asset performance
- Resource scarcity drives investment
- Infrastructure players go global
- Cities sharpen their focus on urban mobility
There are a lot of thought provoking take-aways in this short KPMG report, and I would encourage readers of this blog to read the report.
A few observations in the report that I noted were:
- Internationally we can expect to see wider market restructuring and increasing privatization
- There is a major skills and capacity gap in the sector – both good and bad news for those of us who work in the sector
- There has been a shift in public sentiment regarding infrastructure – from talking about the issues of infrastructure delivery to now taking action to solve the problems
The emerging trends will have on-going impacts on infrastructure management professionals.
What do you think in regard to your own work?
PHOTO CREDIT: “The infrastructure hates the unsure” by Michael Moore