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Foresight: Infrastructure resilience
Infrastructure resilience
The global climate is shifting, mass urbanization is on the rise, automation is reshaping the labour market, and the pace of development is increasing
Canada, like the rest of the world, is facing disruption on an unprecedented scale. The global climate is shifting, mass urbanization is on the rise, automation is reshaping the labour market, and the pace of development is increasing. As detailed in KPMG International's 2018 Emerging Trends in Infrastructure report, these are some of the trends that will have a dramatic impact on the infrastructure landscape in the years to come.
Increasingly, public and private organizations are realizing the importance of infrastructure resilience. Resilience, as a concept, is the capacity of individuals, communities, institutions, businesses, governments, and systems within a city to survive, adapt, and grow amid major upheaval. This capacity stems from preparedness—a truly resilient city is one that has the capacity to thrive in spite of both acute shocks and chronic stresses.
Acute shocks are sudden events, such as natural disasters, disease outbreaks, acts of terrorism, and infrastructure failure. These are the events that often spring to mind when people think about resilience. Yet, equally relevant are longer-term chronic stresses such as housing affordability, unemployment, aging infrastructure, and commodity supply/demand. These chronic stresses are particularly pertinent in a province like British Columbia, which is struggling with soaring house prices, increasing poverty (especially in Indigenous communities), and an opioid crisis.
Download the full article to learn more.
© 2020 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
