#SPILL!
#SPILL!
An archive version of this information article has been created if the original is no longer accessible (Archive information from January 2024)
An archive version of this information article has been created if the original is no longer accessible (Archive information from January 2024)
An archive version of this information article has been created if the original is no longer accessible (Archive information from January 2024)
The World Economic Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at its heart and their activities are shaped by an institutional culture founded on stakeholder theory, which asserts that an organisation is accountable to all parts of society.
The Forum carefully blends and balances the best of many kinds of organisations, from both the public and private sectors, international organisations and academic institutions. It believes that progress happens by bringing together people from all walks of life who have the drive and the influence to make a positive change.
This report has been produced as the first publication of a multi-year project for guiding and supporting the Engineering & Construction (E&C) industry during its current transformation. It describes the industry’s present state, assesses relevant global trends and their impact on the industry, and devises a transformative framework with key areas for development and action.
The report also features many best practices and case studies of innovative approaches or solutions, and offers a view of how the future of construction might look. The project as a whole, and this report specifically, builds on the findings of an earlier World Economic Forum’s project – the four-year Strategic Infrastructure Initiative, which identified and described the key government measures needed to close the infrastructure gap.
An archive version of this information article has been created if the original is no longer accessible (Archive information from January 2024)
The drastic impact of COVID-19 and the deepening of related crises inspired the World Economic Forum’s global real estate community to rethink real estate and align on a vision of buildings and cities that are liveable, sustainable, affordable and resilient. With leadership from CEOs and input from their senior executives, this vision, along with a set of enablers and case studies, comprises this report.
The Framework described in this Insight Report provides a set of enablers, including accelerating digitalisation and innovation to address everything from construction costs to the occupant’s experience, including:
- upskilling and attracting workers with specific talent and knowledge of digitalisation and sustainability
- demonstrating clear, value-proof business cases for investment in technology, sustainability and affordable housing
- engaging stakeholders, both across the industry value chain and with the local community.
An archive version of this information article has been created if the original is no longer accessible (Archive information from January 2024)
This report is the second publication of the multi-year Future of Construction project, guiding and supporting the Engineering and Construction industry in its current (digital) transformation. The first report, Shaping the Future of Construction: A Breakthrough in Mindset and Technology, was launched in May 2016. It described the state of the industry, assessed relevant global trends and their impact on the industry, called for action at corporate, industry and government levels and outlined a comprehensive industry-transformation framework with over 30 measures and best practices. A key finding is that many innovations have emerged but have not yet been broadly adopted.
The second report looks at possible remedies, drawing key lessons and policy recommendations from leading innovators and disruptors, with a focus on fostering wider adoption of innovation. By describing how flagship projects have implemented innovations, it showcases the transformative potential of innovations. This report showcases and analyses 10 Lighthouse innovation cases – prominent flagship projects as well as start-ups and pilot projects – that demonstrate the potential of innovation in construction and give a glimpse of the industry’s future. Their stories not only serve as an inspiration but also describe vividly the typical challenges that innovators face, and show how to engage and overcome those challenges.
An archive version of this information article has been created if the original is no longer accessible (Archive information from January 2024)