Undetected issues in infrastructure assets have significant productivity impacts, causing estimated unplanned downtime costs of $1.4tn each year across the world’s 500 biggest companies.

Across the EU and North America, electrification and the onshoring of manufacturing  and energy production is creating new jobs for which there is inadequate supply. In the EU, the number of unfilled plant operator roles is expected to be 1.5mn through 2030.

Europe and North America have an acute problem with ageing physical infrastructure. Required annual global spend to build new assets across energy, mobility, buildings, industry and land is estimated at $9.2tn until 2050.