World Economic Forum: Future Scenarios and Implications for the Construction Industry

Incremental change is not an option any more in the construction industry. By redefining the ultimate frontier, leapfrogging innovations in construction will finally help address major societal challenges, from mass urbanization to climate change. The widespread adoption of game-changing innovations that consider a variety of possible futures is going to make a serious impact, socially, economically and environmentally.

This report examines what the industry could look like in the future and the strategic implications for the key stakeholders and broader society. The outlined transformation imperatives should help the industry prepare for a prosperous future.

Preface

The world is confronted with many challenges that could impact the well-being and happiness of society. Among the most severe are rapid urbanization, climate change and resource scarcity.

The Infrastructure and Urban Development (IU) industry is important in the shaping of a desirable future for our planet. The sector plays a vital role in creating value for society by designing innovative human- and social-centric solutions. Around the world, 200,000 people a day are migrating to urban areas, where they need healthy, affordable, sustainable housing and infrastructure.

However, the buildings and infrastructure assets the industry constructs account for a substantial portion of global greenhouse gas emissions, which are a major cause of climate change. On top of that, the industry is the largest consumer of raw materials, further depleting scarce resources.

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