Seeing What's Next - Trends Impacting Economic Development & Real Estate
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Seeing Whatâs Next: Trends Impacting
Economic Development & Real Estate
Thursday, April 25, 2013
2:00pm-3:30pm EST
Presenters:
Steve Grable, SIOR, Jones Lang LaSalle
Ted Abernathy, Executive Director, Southern Growth Policies Board
Hosted by:
Dean Whittaker of Whittaker Associates, Inc.
in collaboration with the Pro Learning Lab
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Thanks to Our
Professional Learning Lab Partners and Affiliates
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Steve Grable, SIOR
Global Supply Chain âThreadsâ
Interplay Between These Emerging Trends
and What They Signify
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More than real estateâŠ
50.3%
21.8%
9.5% 7.8%
4.3% 2.7% 2.2% 1.2%
0%
10%
20%
30%
40%
50%
60%
Transportation Inventory Labor Customer Service Rent Admin Supplies Other
Transportation, inventory
and labor typically
account for 80% of the
operating costs
Real estate typically
accounts for less than
5%
âŠUnderstanding the total operating cost picture is critical to maximizing value
Steve Grable, SIOR
8. Copyright 2013 Whittaker Associates, Inc
Steve Grable, SIOR
Global âThreadsâ
âą Global Near Shoring
âą U.S. Manufacturing
âą Panama Canal Expansion
âą Emerging Global Development in BRIC Countries
âą Energy Shift to Natural Gas and Biomass
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Steve Grable, SIOR
The Threads SignifyâŠ
âą Job Creation
âą Automation and Technical Training
âą Emphasis on Speed, Flexibility, Reliability,
and Efficiency
âą Expansion of Logistics Clusters
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I Have Nothing
Profound the Say
âŠexcept, many of the
things we used to know
we knew, have changed
Think
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Why is it Harder To Compete?
ï§ The economy changed
ï§ The competition changed
ï§ Locational factors changed
ï§ The U.S. workforce has changed
ï§ The talent demands changed
ï§ Life cycles have changed
ï§ Tools have changed
ï§ Customer (talent & companies) demands/expectations changed
ï§ Local leadership has changed
ï§ The pace of change and everything else changed
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Demographic Shifts
Specialization
Intensifying Competition
Corporate Integration
Technology (Speed)
The Omni Customer
Natural Resources
Urbanization
Global Interdependence
Complexity
Changing InstitutionsRadical Decentralization
Community Resilience
The Talent Bar
Growth Future
15 of the Trends Changing Our World
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Coming Over the Horizon
1. Regionalism and clusters (places and companies tied together by
geography)
2. Return-on-Investment (mania & metrics)
3. Regulation
4. Return to rural worry
5. Real workforce reform (maybe)
6. Redefine priorities
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Summary
ï§ Global Supply Chain Threads
ï§ Global Near Shoring
ï§ U.S. Manufacturing
ï§ Panama Canal Expansion
ï§ Emerging Global Development in BRIC Countries
ï§ Energy Shift to Natural Gas and Biomass
ï§ Trends Changing Our World
ï§ Urbanization
ï§ Global Interdependence
ï§ Growth Future
ï§ Complexity
ï§ Corporate Integration
ï§ Radical Decentralization
ï§ Etc.