Are your projects as safe as you think?
Australia’s strong economic growth has been fueling increasing demand for industrial space. As a result, the value of industrial property has soared. At the same time, the reliance on integrated global supply chains and exposure to risk of disruptions has never been greater. Businesses and consumers learned painful pandemic lessons, and more recently, global geopolitical tensions have been dispensing some of those same teachings. This remains a constant challenge to the value chain and the planning and delivery of new warehouse projects. Increasing requirements around compliance and regulations, such as those related to sustainability, emissions, and waste management, means that all industrial property sector participants need to embed resilience into their strategic decision-making process.
How can I fortify my next project or property?
There are a range of opportunities that can enhance the resilience of industrial property. Some of the strategies and tactics that can be used include the following:
Resilience Area | Examples |
Energy Efficiency | Use of Renewable Energy (e.g. solar PV panels); Energy-Efficient Lighting & HVAC; Green Building Certification (e.g. Green Star) |
Automation & Technology | Integration of advanced technologies such as automation, robotics, and IoT (Internet of Things) to enhance efficiency, reduce labour costs, and improve inventory management |
Sustainable Materials | Use of Eco-Friendly Building Materials; Low -Emitting Materials (embodied and operational carbon emissions) |
Water Conservation | Use of Rainwater Harvesting and Water Efficient Fixtures |
Waste Management | Recycling of Construction & Operational Waste |
Community Engagement | Local Hiring and Training; Provide Local Community Benefits or Amenities |
Employee Wellbeing | Healthy & Safe Working Environment; Diversity and Inclusion; Fair Labor Practices |
Transparency & Ethical Practice | ESG Reporting and Stakeholder Engagement, Governance and Supply Chain Responsibility (e.g. Modern Slavery) |
These efforts not only contribute to environmental and social well-being but can also enhance the long-term financial viability and attractiveness of an industrial property development to tenants, investors, and the broader community. By integrating advanced technologies and sustainable practices, developers can ensure long-term viability, attract investment, and promote sustainable economic growth. Risks can be mitigated and capitalised upon through the growing demand for sustainable, efficient industrial spaces.
How Siecap Can Help:
Siecap provides a range of services to support our clients with supply chain resilience. This includes feasibility studies and business cases, procurement and contracting, data and analytics, carbon advisory, and assurance services. These services help our clients better understand risk and opportunity in their supply chains, ensuring a more sustainable and efficient future. Contact us to learn more about the opportunities we can provide you to find a better understanding of your business and supply chain, and to make your projects future fit.