12 Jan 2023

What’s next for Total Facilities Management?

BACK TO ALL

Years of uncertainty driven by COVID, climate change and the more recent economic downturn, have forced many changes to the facilities management (FM) industry.

All providers have had to adapt to fluctuating demand, rising costs and staff shortages, and the market itself is demanding more value for money.

 

Consolidation in Facilities Management

This has led many to turn away from models such as Total Facilities Management (TFM), but Lucy Jeynes, Managing Director at Larch Consulting, said, in our recent webinar, that sustainability, social value and consolidation mean TFM is likely to remain popular:

 

“It’s arguably easier for bigger companies to demonstrate these things [a commitment to social values], but responding better to tenders does unintentionally discriminate against smaller suppliers, which means there will be space for SMEs to get started as innovators.”

 

Lucy’s point is clear: the market isn’t purely interested in the bottom line, despite the tight economy, but in ‘big-picture’ issues such as sustainability and social value.engineer-checking-solar-panels

Further, she points out that committing to this is easier for large groups or Total Facilities Management providers, because they have far more resource to deploy and benefit from their scale.

These social issues position larger groups as the best equipped to solve these challenges.

 

Adversity will drive innovation in FM

Adversity often drives innovation, and the current circumstances are no different – with almost all providers in the FM space looking at new tech, agile ways of working and better use of data.

It’s increasingly common to see companies using a cloud-based FM strategy, or experimenting with AI and VR to enhance their operations and deliver efficient, socially conscious services.

 

Causing disruption

Although larger FM groups have their advantages, Lucy Jeynes believes that small and medium-sized companies will disrupt the market and lead the way when it comes to innovation:

 

“I think what we will see with all the mergers and acquisitions happening is, as everyone is being sucked up into the mushroom cloud of these massive organisations, there’s space underneath there for medium-sized companies to grow, innovate and disrupt.”

 

innovation-graphic-running-ahead-of-the-pack

 

The future of TFM

The landscape is changing in facilities management, but time isn’t up for TFM. Rather, this period is an opportunity for both providers and customers to consider what a successful partnership means: efficiency, trust, transparency, innovation and social consciousness.

TFM and smaller providers are already rising to the challenge.

 

https://content.mpro5.com/story/is-time-up-for-total-facilities-management/

RELATED BLOGS

https://www.mpro5.com/hubfs/Kings_Cross_Station3033-1.jpg

Service Quality Regimes (SQRs) in the Rail Industry Explained

Read More
https://www.mpro5.com/hubfs/Hospital_Cleaning.jpg

The Three Types of NHS Cleaning Audits Explained | mpro5

Read More
https://www.mpro5.com/hubfs/Kings_Cross_Station_svg.svg

Delivering newspapers using mpro5

Read More

GET IN TOUCH

HOW CAN WE HELP?

 

Please select how we can help solve your problems below, or fill in the enquiry form to the left and a sector director will contact you ASAP to discuss how we can help.