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Anticipating the next recession : What should corporate real estate do to prepare?
Corporate Real Estate Journal,
11
(4),
302-313
(2022)
Abstract
Economic consensus on the severity and timing of the next US recession — both before the onset of the COVID-19 pandemic and then in light of its ongoing effects on the workforce and public policy — remains subject to much debate across predictions made over 2019–21. Starting as early as the 2019 CoreNet Global Academic Challenge, corporate real estate (CRE) organisations have become increasingly concerned with this recession risk. Inflation fears, labour concerns and recent supply chain constraints exacerbate this debate in an environment of continuing low interest rates. By implementing a strong strategic process, CRE leaders can position their portfolios, technologies, organisations and policies to manage the risk of these future unknowns, while taking advantage of market-specific opportunities to lock in flexibility.
Keywords: recession planning; corporate real estate strategy; work–life balance
The full article is available to subscribers to the journal.
Author's Biography
Deborah Whittemore is the Senior Director of Strategy and Operations for PepsiCo Global Real Estate. In her 17 years with PepsiCo, Deb has held various positions within the finance and the corporate real estate organisation and she recently completed her MCR.w with a concentration of workplace strategies through CoreNet Global. She brings insights to new ways of working and process improvements. Deb is known for her ability to make connections, act with integrity, and raise the bar on talent and diversity. She motivates cross-functional teams and encourages out-ofthe- box thinking. She is now pursuing her WELL AP certification as she expands her sphere of influence to help support sustainability initiatives within the real estate framework. She is based in the PepsiCo Headquarters in Purchase, NY.
