Building anew may not be the solution to demand shifts

Parallel technological revolutions are occurring which, by themselves, are interesting. But when combined they are fascinating, not least because of the paradigm shift in consumer expectations that they have enabled, says business transformation expert Sean Culey.

Talking to Real Asset Media’s Richard Betts, Culey said that technological changes have enabled consumers to demand a vast range of goods and services delivered to locations of their choice. This has dramatic implications for physical infrastructure.

In a foretaste of the presentation that he will deliver at the REALX virtual property show later this month, Culey explained that other behavioural changes, such as the reduction in the use and ownership of cars among young urban dwellers, and the already evident switch away from physical retail outlets, also present new opportunities. Redundant shopping centres and underground car parks could be repurposed as logistics facilities rather than building from scratch, for example.

Click on the video to watch the full interview or listen via the podcast below.