Undoubtedly, digital technologies and e-commerce sales are at their peak, and the same is expected as we head into the New Year. The latest trends in modern technologies are rapidly evolving industries and their processes, making the supply chain streamlined, helping industries improve their productivity.
From airplane hangar building to large corporate offices, the world has witnessed an evolution of modern construction technologies and how they can significantly impact the global market. The exponential growth of the global population is one of the prime reasons for developing new technologies and bringing opportunities for people.
As we are heading into a New Year, we can expect new trends, and as the world is recovering from a global pandemic, we can expect a lot of new trends in the construction industry. Businesses would try to invest in workspaces focused on social distancing norms to abide by the government laws.
In this blog, we will learn about industrial intensification and how it can have a serious impact on the global economy.
Table of Contents
What is industrial intensification?
As the name suggests, the term industrial intensification stands for intensifying the productivity of an industry by implementing the best strategies to uplift the greater use of the available industrial property.
For example, if you have a lot of work and are short on employees and space, you can add a new shift to your business where you can bring a new bunch of employees to work. The prime objective of industrial intensification in Vancouver is to make the most of the available space and increase the productivity of a business.
On the other hand, there would be differences in industrial intensification as different brands would follow different work styles. Moreover, increasing the productivity of different businesses also depends on their working principles, market growth, and demand, which will ultimately decide the growth of a business.
The impact of industrial intensification on the global economy:
Before discussing the impact of intensification on the global economy, we would like to introduce you to technical terms like intensity and density in industrial intensification. It will help you understand the entire context.
Intensity is often a term related to industrial intensification. It is generally derived from a number of available jobs in the given area or goods production capacity in a specific zone. At the same time, density is coined as the amount of available space present inside the building, like the number of floors, size of a floor, and how many people can work on a single floor. The land used for parking, logistics, and storage also falls under density as it will help define the business’s productivity.
Now, coming to the point, the industrial intensification is currently high in south and east Asia as many people work in cramped locations compared to North American and European countries where there is so much space available.
How will industrial intensification affect the cost of living?
Industrial intensification also has a major impact on the cost of living. For example, near industries or corporate offices in South Asia, the rental rates are high due to excessive demand and completion. At the same time, you can find large spaces in the West at minimum cost.
Therefore, industrial intensification must be minimized by using the best resources to boost productivity and effectively use the available space.
Building challenges:
Building multi-storey buildings for industries is not possible because it will increase the price of buildings and seriously impact the pricing. For example, an airplane hangar building cannot be of five or six floors as it will make it so much difficult for the airport to move an airplane from one floor to another.
The best industries can do cut-off non-industrial use activities to increase available space and productivity.
Latest trends that will rule the future:
Without any doubt, technology and digital sales will be two of the most important factors which will ultimately decide the success and failure of industrial intensification. Most companies are using blockchain technology and artificial intelligence when designing their offices as it helps them make use of every nook and corner of their business.
Businesses are also investing in smart furniture that doesn’t occupy too much space, greatly reducing the demand for increased space to accommodate new employees. The usage of drones in construction projects has increased by 239%, which helps engineers evaluate problems quickly and respond with the ideal solution. Technologies AR (Augmented reality) and VR (Virtual Reality) as a lot of companies would love to know how their office would look once it is built.
Conclusion:
In the digital age, industries need to provide room for the latest technologies that will help them achieve their goals despite challenges they have to face because of minimum space and increase their overall productivity.
