June 2020

COVID-19 is a big push of Work from Home Revolution, which potentially impacts the demand of the commercial building, and its related ecosystems.

If a company realizes there is a limited difference in employees' performances between Work from Home and Work at Office, will the company extend the lease contract of an office with the same space? Should the company consider reducing rental space to cut overhead and keep the current Work from Home as a New Normal?

It's an interesting video from The Economist that provided a fresh review of the impact from Work from Home Revolution. The impact on the commercial building sector is an irreversible process for some countries or cities where have higher GDP per head and with a higher percentage of "knowledge" related jobs, such as the IT industry.

This impact could be favorable to some industries, such as teleconference companies, see ZOOM's price soaring, and helps on reducing greenhouse gas emissions through less daily commutes to the office. For some industries, especially the industries heavily rely on the traffic in the commercial regions, such as restaurants and the relevant service industry, could suffer a profound impact from this New Normal practice

What do you think the Work from Home practice impact on commercial building sector and other industries?

Source:

https://youtu.be/MxDVucUZCnc

"The filthiest is by far the cheapest." could be a very true fact in the energy industry. But, this is a fantastic technology utilizing trash to produce green hydrogen at a competitive price.

Based on the full capacity of the SGH2 Lancaster plant, the total capacity, 3.8 million kg hydrogen production per year, only accounts for about 2% of California's FCEV demand in 2030. Great potential market with great technology!

It's interesting to see how fast Starbucks change its strategy in 40 days.

Kevin Johnson, CEO of Starbucks, sent a message on May 4th to Starbucks' partners and customers, keep touting the "Third Place" idea - a warm and welcoming place outside of homes and workplaces. In 40 days later, Starbucks has to leave the legacy "Third Place" to somewhere and embrace the new strategy of approaching customers through pickup and drive-thru.

This is a good example of changing the company's strategy due to shifting consumer behaviors during this pandemic period. I am not sure it will work but admiring their attitude, adapting to the changes in consumer behaviors constantly.

May 04th by Starbucks: https://stories.starbucks.com/stories/2020/starbucks-ceo-the-third-place-needed-now-more-than-ever-before/

June 10th by Forbes: https://www.forbes.com/sites/aliciakelso/2020/06/10/the-coronavirus-crisis-has-caused-starbucks-to-shift-its-real-estate-strategy/#75ea62cf197c