Dive summary:
- At the International Council of Shopping Centers annual conference of top-level executives, the consensus seemed to be that this is a world in which the bulk of consumers are shopping around for value, not just those who cannot afford to be indifferent to it.
- It was clear that technology – social media in particular – is driving all aspects of business, and construction is not exempt.
- There is an unprecedented movement of young people to cities, and they will bring the demand for urban construction there with them, presenting some in the industry with previously unexperienced challenges and opportunities.
From the article:
When one Googles the word “shoe” it takes less than a second to get 1,800,000,000 results…think about this. ...
“If you dislike change, you’re going to dislike irrelevance even more,” General Eric Shinseki, former Chief of Staff of the Army. To me, this quote sums up my takeaways from the OAC conference I attended this week. The conference limits itself to 400 attendees, mainly from the C suites and upper management of the country’s [