Follow the Money Part Two
This report is of interest to:
- Leaders in the Built Environment Industry
- Investors in Private Equity, Securities, and Real Estate
- U.S. Small Business Owners
- Developers of All Building Categories
- Designers, Architects, Engineers, and Planners
Key Terms: RISK, INVESTING, CORONAVIRUS, COVID-19, PANDEMIC RECESSION, FINANCIAL SECURITY, FEDERAL RESERVE, COMMERCIAL REAL ESTATE, EQUITIES, MARKET SECTORS, EDUCATION, AVIATION, TRANSPORTATION, INFRASTRUCTURE, HEALTHCARE, RETAIL, HOSPITALITY, MISSION CRITICAL, INDUSTRIAL, LIFE SCIENCES, OFFICE BUILDINGS, CELL TOWERS, DATA CENTERS
Dave Gilmore, President & CEO | Rob Hart, Senior Researcher
Chyenne Pastrana, Director of Marketing | Nicole Puckett, Lead Graphic Designer | Beckie Hawk, Web Master
FOLLOW THE MONEY: PART TWO THE BAD
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The pandemic’s economic shocks have been felt most heavily in businesses that rely on travel, close human contact, and international trade.
Combined with “just-in-time” supply chains and highly leveraged economic efficiencies, many of these industries were flirting with fragility and ignoring whistleblowers even in the first months of the pandemic.57 When the collapse began, these sectors were hit by the first wave — and the second — and more are on the horizon.
While financial and logistical challenges abound for these sectors, the well has not run dry for the design professions — in fact, prospects may be plentiful for designers who can meet these challenges with highly adaptive solutions. Paramount to their success will be a whole-system understanding of the problem space; note the pain points and uncertainties that each sector is facing, as well as the evolving context in which each is embedded. Seen as opportunities, these problems and your design solutions could steer the future of these industries.