By Julian Vella – Head of Global Infrastructure Asia-Pacific KPMG Many trends are ones we have been talking about for years. What has changed, however, is that many are becoming intertwined and interdependent, with increasing pressure for action. In KPMG’s global report on emerging trends in infrastructure for 2020, we look at the implications of major changes affecting governments, investors, developers, and operators, as well as highlight what these stakeholders must do to stay relevant, respond, and reform. From co-ordinated climate strategies to protest marches around the globe, citizens are demanding more accountability and customer-centricity. Most notably, the ubiquity of social media and smartphones is helping them synchronise their voices. Facing global developments such as climate change, ageing assets, technological disruption, and increased urbanisation, governments must work out how to balance current and future needs. What is clear, however, is the need for risk-informed investment-planning decisions that prioritise capital deployments to address and mitigate these disruptive risks, and ultimately ensure safety and resilience across the asset life cycle. I have mentioned previously that Asia-Pacific stood at the threshold of a new golden era of economic and social development. Out of the 10 trends identified in KPMG’s global report for 2020,… Read full this story
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