Details

  • Service: Infrastructure
  • Type: Business and industry issue
  • Date: 2/14/2012

The great global infrastructure opportunity: Global Construction Survey 2012  

KPMG's sixth annual Global Construction Survey finds that 41% of the top global engineering and construction leaders expect the energy/power industry to offer the biggest opportunities for revenue growth in the next 12 months and as a result, this could change the direction and even the landscape of the construction industry.
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Key findings:

  • Energy/Power sector to offer the most attractive investment opportunities in 2012
  • Industry expects growth this year, yet economic uncertainty and government deficit/debt in some regions are still major concerns
  • Perceived lack of government policies and leadership seen as biggest barriers to public-private partnership investment in infrastructure
  • Engineering and construction leaders expect office (29%); industrial (27%); retail (23%) to have a negative impact on the construction indutsry
  • 21% of global engineering and construction leaders have not made significant cost reductions; in EMEA 29%. 61% said that organisational culture is the biggest barrier to greater cost efficiency
  • 50% of global engineering and construction leaders say that IT transformation is too costly and takes too long
  • 71% say they have formally reviewed their IT systems within the previous 12 months
  • 59% of respondents say procurement and supply chain offers the greatest opportunity to improve efficiency
  • One-fifth of global respondents saw supply-chain management as a key business risk but over half of UK respondents identified this as one of the greatest risks facing their firms
  • A quarter of EMEA engineering and construction leaders are concerned about the skills shortages in their region; in ASPAC the figures rises to 45%
  • EMEA respondents say the two most central risk factors when doing business with emerging (high growth) markets are access to skilled resources (41%) and political risks (38%).