In the next few days, businesses in the
Nigerian facility management industry will close for the year, hoping for
better performance in 2019. In this piece, Infoprations
compiles 10 powerful predictions that emerged from its analyses in 2018. Infoprations believes that employees at
the corporate and business levels need to deploy their resources earlier in
2019 to mitigate the impacts of the predictions for growth.
From insights, political uncertainties, intense
association rivalry, client aggressiveness, clamour for cost reduction
solutions, demand for sustainable practices from governments and clients to instituationalisation
of R and D culture, it appears companies must innovate before succeeding in 2019.
1. By 2020, companies that incorporate
insights into inspection and solutions provision in 2018 to 2019 will gain
competitive advantages when Lagos will have two smart cities.
2. Post-2019 elections
will be characterised by weak credit and sluggish economic growth because
whoever emerges as the President will concentrate on working out institutional
framework for his or her financial and economic policies implementation. Hence,
the industry growth in the first and second quarters of 2019 would be retarded.
3. The recent passage of the Facility
Management Council of Nigeria Bill by the Senate will be a blessing in disguise
for the players if the oppositions’ views continue in 2019.
4. As long as the industry
lacks own regulatory council in 2019, players will be forced to accept the Estate
Surveyors and Valuers Registration Board of Nigeria’s new Adhesive Stamp. The
stamp will become operational from January 1, 2019.
5. By 2019, the users of existing FM
solutions would be more aggressive in requesting for quality and sustainable
solutions as they increase in knowledge and essence of facility management
towards cost reduction and operational efficiency.
6. The year 2019 will be a decisive one for
the organisational buyers who make final decisions on FM solutions as the need
to reduce operational cost would be tensed in the first and second quarters
because of political uncertainties that would characterise the economy after
2019 general elections.
7. To get out of sustainability risk,
senior executives and managers need to identify training, equipment, knowledge
and awareness gaps within sustainability components and devise appropriate
strategies before 2019.
8. FM
companies need to allocate certain percentage of their 2018 revenue for R and D
activities within DDE framework for 2019.
9. For the property and facility managers
at various estates in the country, residents and homeowners would continue
their agitation for low service charge fee in 2019.
10. FM companies should
note that customer review and its impact on attracting new business is not
plummeting. By 2019, it would be one of the means prospective FM solutions
users will understand the industry and players’ offerings.
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