Navigation überspringen
Spatial Economics: The Declining Cost of Distance
Article

Spatial Economics: The Declining Cost of Distance

The next big economic shift will reshape industries, social patterns and the global economy.


automatisch generiertes Audio
automatisch generiertes Audio

Editorial Rating

8

Qualities

  • Applicable

Recommendation

How will 3D printing, delivery drones and autonomous cars influence your business? In this intriguing study, Karen Harris, Andrew Schwedel and Austin Kimson of the international management consulting firm Bain & Company examine how emerging technologies will steeply reduce the “cost of distance,” making it less and less relevant where your customer, suppliers and employees are located. getAbstract recommends their analysis to business leaders looking for innovative ways to rethink current business models or develop new ones.

Take-Aways

  • By 2035, the “cost of distance” will plummet, which means it will matter less whether your customers, suppliers and employees are nearby.
  • Technological innovations will lead to new products that will drive down the costs of “moving people, goods and information.”
  • Urban centers will fill with affluent families. “Industry clusters,” similar to the Silicon Valley technology hub, will become a decisive factor in the competition among cities.

About the Authors

New York-based Karen Harris and Andrew Schwedel and Dallas-based Austin Kimson work for Bain & Company, an international management consulting firm which helps business leaders with operations, strategy, organization, technology, private equity, and mergers and acquisitions.


More on this topic