KPMG Global Infrastructure published 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 is a lot of thought-provoking takeaways 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 are major skills and a 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 asset management professionals.
What do you think in regard to your own work?
Since 2015, have you seen, experienced, or read about any of the trends mentioned in this article?
PHOTO CREDIT: “The infrastructure hates the unsure” by Michael Moore
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