Michael Korsh of Minnesota is a commercial real estate and construction expert, executive, and entrepreneur with more than a quarter-century of experience. Having graduated with honors from Drake University, Michael began his professional life as a property manager. Over the years, he has developed a reputation for his expertise in property and asset management, development, and real estate finance. As of now, he is responsible for the successful financing, development, and sale of more than 4 million square feet of commercial real estate and over $400 million in other real estate projects.
At present, there are a lot of questions and speculation about the troubles we’ve seen all over the world with supply chains. The global health pandemic has shuttered once-thriving systems, throttling productivity while demand continues to soar. In response to these unprecedented developments, we asked Michael Korsh for his insights on this topic. Here is just a sample of what we learned.
Michael Korsh of Minnesota Shares Supply Chain Projections Impacting Commercial Construction into the Next Decade
Supply is the life-blood of any industry, not least of which is construction. Michael Korsh explains that diversity of materials, professionalism and expertise, as well as the intensive physical labor involved at every point in the delivery process is unequaled. Even as supply has dipped, demand has remained strong. This means that for those organizations that can continue to deliver, success is assured. By keeping an eye on the trends and the best predictions of the coming years, developers and real estate professionals can secure a chance to be on the winning side of these dramatic changes. To that end, Michael Korsh of Minnesota was kind enough to provide us with four valuable predictions he sees that are coming true as we speak.
Circular Supply is Becoming a Reality
A circular supply chain is one in which the final product needs to feed back into the supply itself or the delivery infrastructure. This is the democratization/de-centralization of all existing industries. Michael Korsh tells us that it means we all need to chip in, and those who manage to do so will get the supplies they need while the rest will be left behind.
Green Supply Chains are the Future
An important part of the circular supply chain is eco-friendliness. It’s not just a corporate selling point for investors anymore. Today, efficiency demands more sustainable methods of producing value- and Michael Korsh explains- that goes for all industries.
Elastic Logistics are on the Rise
We’ve all heard about the virtues of “agility” in the production of value. More than not, this has mostly been a buzzword sold to us by marketing consultants. More realistic is the notion of “elasticity.” In supply, it means the ability to scale and de-scale when and where necessary to close gaps as they emerge.
Blockchain Will Handle More Data
With the coming change, disruptions, and other new challenges, information security will become everyone’s responsibility- and security threats are expected to gain strength. Due to its ability to provide unprecedented security, Michael Korsh of Minnesota explains, the blockchain will become an essential tool for everyone.