
Episode #113
Why geopolitical uncertainty is driving innovation
The latest episode of the Engineers Collective is out now. This month’s guest is Ayming associate director Ben Craig. He told New Civil Engineer news editor Lee Kenny how geopolitical and economic uncertainty has increased businesses’ commitment to innovation across the construction and engineering sectors. His comments followed the publication of Ayming’s International Innovation Barometer 2027, which found that 97% of businesses are experiencing pressure from geopolitical developments. Ayming surveyed 850 research and development (R&D) and innovation directors, chief financial officers, chief executive officers and chief technical officers across 17 countries in June. The survey covered 10 sectors, including civil engineering and construction. Within the construction and engineering sector, Craig identified energy costs and materials as two of the main effects of geopolitical events. “Energy costs have been particularly volatile over the last couple of years as a result of things like the war in Iran,” he said. “On materials, there have been various conflicts and trade tariffs and so on that are affecting companies. They need to adapt to both the supply and the cost of the materials that are available to them.” Craig said major projects were particularly affected by these pressures because of their scale and lead times. “Decisions that were made five, 10, 15 years ago are suddenly coming into question as a result of more recent events that couldn’t really have been anticipated when those decisions were first made,” he said. The interview explored what these pressures mean on the ground for major infrastructure projects, including the implications for materials, energy, labour and project delivery.






