The Corporate Real Estate and Workplace community must step up to respond to the challenges posed by COVID-19. This is your call to action.
The CoreNet Global Hackathon provides a compelling opportunity to ideate with peers across the globe to develop collective solutions that go beyond the immediate crisis response – and help ensure the long-term health and well-being of citizens, companies and communities.
Many corporate real estate professionals, together with companies’ HR, IT and leadership teams, are already taking extraordinary steps to slow the spread of the disease, protect the health and safety of employees and customers, support workers and help companies survive the turbulence. But what will workers return to when the virus subsides?
This is what the CoreNet Global Hackathon will focus on, presenting members, non-members and sponsors with the opportunity to team up and put their thinking caps on to focus on a variety of topics related to the Corporate Real Estate/Workplace professions and how our community can respond and adjust to the challenges presented by COVID-19.
As a sponsor, you and your company have the opportunity to support and even lead one or multiple teams during this Hackathon.
CoreNet Global has developed a sponsorship program that is intended to attract sponsor companies of all sizes and types to encourage diversity of thought and perspective. Opportunities are available for Thought Leadership Sponsorships that enable a sponsoring company to lead a team and support the overall hackathon experience. Contributing Sponsorships are also available for those who want to support the initiative.
Thought Leader Sponsorship: One team - $2,500 Two teams - $3,750 Three teams - $5,000
Logo recognition in Hackathon emails, promotional materials, website, webinars and published reports
Opportunity to be the group leader of one team (team member selections made by CoreNet Global)
Group leader responsible for convening group using virtual platform and submitting group presentation
Opportunity for group leader to present in Hackathon roundtable webinar(s)
Opportunity for group leader to host individual team webinar of group findings
Any members of sponsoring company encouraged to apply to serve on a work group (Seeking diverse teams); One group leader and two participant slots per team sponsorship guaranteed (Note: Company members may be placed on different teams)
Contributing Sponsor: $1,200
Logo recognition in Hackathon emails, promotional materials, website, webinars and published reports
Any members of sponsoring company encouraged to apply to serve on a work group (seeking diverse teams); two participant slots guaranteed
We are in the midst of a massive, unplanned global work experiment. For companies that have well-established business continuity plans, this will test the viability of those strategies. For those that do not, it has forced a new normal. Companies that were reluctant to embrace remote work before may now be seeing it as a viable option. Corporate real estate professionals must rethink how they operate their facilities; their cleaning protocols; the design of their workspace; the tools workers need to do their jobs; and how to provide for the health and safety of their work environments.
And yet, they must also consider the other major forces of change that were already underway -- AI, automation, the gig economy, IoT, proptech, climate change – and not miss opportunities to explore them as part of their post-pandemic response.
COVID-19 will have a lasting effect on where, when and how work gets done moving forward. Crisis can be a catalyst for change – or an accelerant. Crisis is a disruptor that also affords an opportunity to innovate. Catastrophic events including terrorist attacks, hurricanes, wildfires, floods, disease outbreaks, cyberattacks and civil unrest have taught us about the importance of contingency planning. Most of those plans and risk mitigation strategies have traditionally focused on a localized response, not a global one. No one was truly prepared for a globe-spanning pandemic. No one is fully prepared for what could come next. What will be the lasting lessons from COVID-19 and the shutdowns that have paralyzed communities and economies everywhere?
A hackathon, by definition, is a group of individuals convening to solve problems collectively and within a short, defined period of time. Interested members and non-members are encouraged to register to participate in the experience and select which topic they would most like to tackle from the following:
Space Utilization & Metrics
Corporate real estate (CRE) metrics have traditionally focused on cost and efficiency. Yet an organization’s most valuable resource is its people. Will COVID-19 reverse the trend of reducing square footage per employee and shift the focus from space-centric measurements to human-centric measurements? Or will companies place greater priority on reducing expenses? Further, will the significant business disruptions and prolonged uncertainty ushered in by COVID-19 bring transformational change in companies’ leasing strategies? Develop key forecasts and recommendations for corporate real estate professionals as they address these challenges and navigate the uncertainty in the months ahead.
With government-issued orders to shelter in place across the globe – and corporations shutting offices – employees have been sent home. We are now conducting a worldwide experiment in remote working. What will this experiment reveal? Will it transform workplace strategy? Will companies that were reluctant to embrace remote work before now see it as a viable option? And will it result in corporations using less traditional real estate? Develop key forecasts and recommendations for corporate real estate professionals as they address these challenges and navigate the uncertainty in the months ahead.
Given the catastrophic loss of life from COVID-19, will wellbeing no longer be a ‘nice-to-have’ and instead become a ‘must-have’? What new protocols around wellbeing, mindfulness and enhancing health and safety should be introduced into the workplace? What becomes of our willingness to be in common spaces, and will people and companies be reluctant to use coworking spaces and shared office settings as part of their real estate and workplace needs? Will this be the end of benching and other solutions without partitions (e.g., protection) from others around us? What steps should be taken in the event of a COVID-19 recurrence? Develop forecasts and key recommendations for corporate real estate professionals that address these challenges and navigate the uncertainty in the months ahead.
The Autonomous Workplace
It is more crucial than ever to leverage the power of technology to ensure health and safety in the workplace. Already, automation is filling some of the gaps. But when the risks of COVID-19 diminish, will robots have replaced those jobs for good? The answer is likely complicated and differs by industry. Will COVID-19 be the catalyst for more rapid development of the autonomous workplace, where we truly leverage the potential of Artificial Intelligence (AI) and the Internet of Things (IoT)? Develop forecasts and key recommendations for corporate real estate professionals that address these challenges and navigate the uncertainty in the months ahead.
Environment and Climate Change
Climate change, environmental degradation, and the growing prevalence of historic wildfires and catastrophic flooding pose major challenges to our world. Business as usual is no longer acceptable. How can corporate real estate professionals take a leadership role in helping their companies solve what is becoming an existential crisis? What will the lasting impact of the COVID-19 lockdown and forthcoming health and safety protocols and practices be on the environment and climate change? In the short-term, a vaccine or medical treatment will be created, but there is no guarantee, in the long-term, that another pandemic will not arise. What can be done to mitigate the impact of a future virus that provides a safe environment for workers? Develop forecasts and key recommendations for corporate real estate professionals that address these challenges and navigate the uncertainty in the months ahead.
Manufacturing & Industrial
With COVID-19 first becoming a serious challenge in China – “the world’s factory” – companies around the globe were faced with closure or reduced operations due to lack of raw materials and manufactured goods. Will the crisis prompt manufacturing companies to carry out a top-to-bottom review of their global supply chains with an eye toward reducing risks? Will manufacturing return to areas that lost factories to lower-cost production sites? Will regulatory and competitive environments shift, opening up new production opportunities in countries that have been off the radar? Will countries and locations with better overall pandemic readiness make the short list for the next new factory, even if they’re less competitive on costs? And will governments begin to offer new financial incentives to attract industrial jobs and investments as they see opportunities to capture projects that might have previously gone offshore? Develop forecasts and key recommendations for corporate real estate professionals that address these challenges and navigate the uncertainty in the months ahead.
As a community we need to build community with and for those seeking tangible solutions and guidance. We need to bring together diverse teams to tackle these issues and produce meaningful output to share broadly.
HOW WILL IT WORK?
Diversity of thought will be a key ingredient in producing creative solutions. CoreNet Global will populate teams with an eye toward achieving diversity and with representation from different geographies, job positions and market sectors. Each team’s response should consider the impact of its recommendations in different markets and market sectors around the world. Participants will be divided into groups of 6-8. There can be multiple teams per topic.
The CoreNet Global Hackathon will take place virtually over a period of two weeks from April 20 – May 3. Groups will convene virtually as needed on a platform provided by the team leader. Teams are asked to submit a written response for how they would address the stated challenge in 1,500 words or less. A maximum of ten supporting images or PowerPoint slides may also be submitted.
TIMELINE & DEADLINES
April 13 - Registration Opens
April 17 – Registration deadline
April 20 – Teams announced
April 20 - May 7 – Teams meet virtually as needed
May 8 – Deadline to submit responses
May 11-12 – Team submissions posted
May 11 - May 22 – Facilitated roundtable discussions with team leaders on each topic
May 27 - May 30 – Summary reports released