seeing what's next - trends impacting economic development & real estate
TRANSCRIPT
Copyright 2013 Whittaker Associates, Inc
Seeing What’s Next: Trends Impacting Economic Development & Real Estate
Thursday, April 25, 20132:00pm-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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Questions?
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Steve Grable
SIORJones Lang LaSalle
Copyright 2013 Whittaker Associates, Inc
Steve Grable, SIOR
Global Supply Chain “Threads” Interplay Between These Emerging Trends and What They Signify
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More than real estate…
50.3%
21.8%
9.5% 7.8%4.3% 2.7% 2.2% 1.2%
0%
10%
20%
30%
40%
50%
60%
Transportation Inv entory Labor Customer Serv ice Rent Admin Supplies Other
Transportation, inventory and labor typically account for 80% of the operating costs
Real estate typically accounts for less than 5%
…Understanding the total operating cost picture is critical to maximizing value
Steve Grable, SIOR
Copyright 2013 Whittaker Associates, Inc
Steve Grable, SIOR
U.S. Trade Routes
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Steve Grable, SIOR
Global “Threads”
• Global Near Shoring
• U.S. Manufacturing
• Panama Canal Expansion
• Emerging Global Development in BRIC Countries
• Energy Shift to Natural Gas and Biomass
Copyright 2013 Whittaker Associates, Inc
Steve Grable, SIOR
The Threads Signify…
• Job Creation
• Automation and Technical Training
• Emphasis on Speed, Flexibility, Reliability, and Efficiency
• Expansion of Logistics Clusters
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Steve Grable, SIOR
Multi-Modal Logistics Clusters
Ships
Trains
Trucks
Airplanes
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Ted Abernathy
Executive DirectorSouthern Growth Policies Board
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I Have Nothing Profound the Say
…except, many of the things we used to know we knew, have changed
Think
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Why is it Harder To Compete?
The economy changed The competition changed Locational factors changed The U.S. workforce has changed The talent demands changed Life cycles have changed Tools have changed Customer (talent & companies) demands/expectations changed Local leadership has changed 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
UrbanizationGlobal 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 worry5. Real workforce reform (maybe)6. Redefine priorities
Copyright 2013 Whittaker Associates, Inc
Summary Global Supply Chain Threads
Global Near Shoring U.S. Manufacturing Panama Canal Expansion Emerging Global Development in BRIC Countries Energy Shift to Natural Gas and Biomass
Trends Changing Our World Urbanization Global Interdependence Growth Future Complexity Corporate Integration Radical Decentralization Etc.
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Q&A
Questions?
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Thank You!
Steve Grable [email protected]
Dean Whittaker [email protected]
Ted Abernathy [email protected]