Top 10 Strategic Imperatives in Homes and Buildings, 2024

The transformation of the homes and buildings industry encompasses a wide range of changes from net zero buildings to competitive intensity in smart home solutions. These strategic imperatives impact all industry participants, necessitating convergence with cross-industry players to advance homes and buildings. This calls for innovation in value propositions, business models, and creativity in navigating challenges.

As the global economy recovers in the post-lockdown era, the homes and buildings industry continues to grapple with rising material costs, talent shortages, and supply chain disruptions. Coupled with the evolving workforce landscape and rapid technology development, companies need to be agile and bold in prioritizing growth in solutions, customers, and geography.

This analysis highlights the top 10 transformations affecting the homes and buildings industry and presents viable growth opportunities for industry participants. Pressing needs are an emphasis on technology readiness and application, implementation of sustainability practices, and resourcefulness in countering external disruptions while addressing internal issues, such as business models and human resources.

Author: Melvin Leong