Auckland - A City of Opportunity
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The document discusses a study by PwC on cities of opportunity and Auckland's performance. It summarizes that PwC evaluates 59 variables across 10 categories to measure urban performance. In PwC's 2014 study, Auckland ranked 16th globally. While Auckland has strengths in areas like quality of living, it lags in economic clout, transportation infrastructure, and attracting foreign investment. The summary calls on Auckland to capitalize on its advantages by improving these weaker areas to remain competitive among global cities.
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Auckland - A City of Opportunity
- 1. Auckland A City of Opportunity pwc.co.nz
- 2. PwC Megatrends and the new normal for cities 1 2 3 4 5 Shift in global economic power Demographic and social change Rapid urbanisation Climate change and resource scarcity Technological breakthroughs Demanding Citizen Demographic Change Blurring Boundaries Budgetary Austerity Competition for investment Pervasiveness of Technology New normal for cities Source: ‘Future of Government’, PwC, 2013 2
- 3. PwC Capital Policy & Management Sustainable Economy Enablers Environmental Capital A City of the Future, A City of Opportunity Management Capacity Vision Programme & Project Strategic Ambition Delivery & Achievement Performance & Results Key Performance Indicators (KPIs) Performance & Risk Partnerships Property People Leadership City Brand Social Intelligence City Finance Social Capital Intellectual Capital Infrastructure Capital ICT Capital Culture & Leisure Capital Participation & Political Capital Sustainable urban management is best achieved through a holistic approach Prioritisation Financial Capital PwC 3
- 4. PwC New forms of collaboration required between different sectors of society - from ‘Triple’ to ‘Penta-helix’ Knowledge institutions Non-profit associations (charities, cultural institutions, etc) Enthusiastic citizens Private sector Local & regional government Supporting Enabling Open attitudeRenewal Creation of prototypes Dialogue Region 4
- 5. PwC Value matrix to find the gaps and ‘opportunity space’… Intellectual capital Socialcapital Financialcapital Technicalcapital Culture&leisure capital Democracy& citizencapital Infrastructure capital Environmental capital … … Public players (local & central government) Private sector ● ● SOEs ● Universities ● Not-for-profit organisations ● Enthusiastic citizens ● ● 5
- 6. PwC Study conducted since 2007, now in its 6th edition • 30 capitals of Business, Finance and Culture worldwide • 59 variables organised in 10 indicator categories • Quantitative and qualitative look at city life • A deep investigation into a select group of cities • Holistic approach to city management • All seeking lessons and directions on… PwC’s Cities of Opportunity How do cities maintain resilience? What makes modern cities thrive? The more well-balanced a city is on social, economic and physical qualities for businesses, residents and visitors, the better it will fare Today: • Economic and social strengths reinforce each other today • Mutual self-interest continues to unite the urban world tomorrow 6
- 7. PwC PwC’s Cities of Opportunity Tools for a changing world Economics Quality of life Intellectual Capitaland Innovation Technology Readiness City Gateway Health, Safety & Security Transportation and Infrastructure Sustainability and the natural environment Demographics and livability Economic clout Ease of doing business Cost 10 indicator categories reflect a comprehensive urban picture 7
- 8. PwC 59 variables organised in 10 indicator categories 8 1. Intellectual Capital andInnovation 1. Libraries with publicaccess 2. Math/scienceskills attainment 3. Literacy and enrolment 4. Percent of population withhigher education 5. World university ranking 6. Innovation Cities Index 7. Intellectual propertyprotection 8. Entrepreneurialenvironment 2. Technology Readiness 1. Internet access in schools 2. Broadband quality score 3. Digital economy score 4. Software development andmulti- media design 3. City Gateway 1. Hotel rooms 2. International tourists 3. Number of international association meetings 4. On time flight departures 5. Incoming/Outgoing passengerflow 6. Airport to CBD access 7. Top 100 airports 4. Health, Safety & Security 1. Hospitals and health employment 2. Health system performance 3. End of life care 4. Crime 5. Political environment 5. Transportation and Infrastructure 1. Public transport system 2. Mass transit coverage 3. Cost of public transport 4. Licensed taxis 5. Major construction activity 6. Housing 6. Sustainability andthenatural environment 1. Natural disaster risk 2. Thermal comfort 3. Recycled waste 4. Air pollution 5. Public park space 7. Demographics andlivability 1. Cultural vibrancy 2. Quality of living 3. Working age population 4. Traffic congestion 5. Ease of commute 6. Relocation attractiveness 8. Economic Cloud 1. Number of Global500 HQs 2. Financial andbusiness services employment 3. Attracting FDI 4. Productivity 5. Rate of real GDP growth 9. Ease of doing business 1. Ease of starting a business 2. Resolving insolvency 3. Employee regulations 4. Ease of entry: Number of countries with visa waiver 5. Foreign embassies or consulates 6. Level of shareholder protection 7. Operational risk climate 8. Workforce management risk 10.Cost 1. Total corporate tax rate 2. Cost of business occupancy 3. Cost of living 4. iPhone index 5. Purchasing power Tools for a changing world Economics Quality of life
- 9. PwC 2014 Global Edition Cities and selection criteria Beijing Berlin Buenos Aires Chicago Dubai Hong Kong Istanbul Jakarta Johannesburg Kuala Lumpur London Los Angeles Madrid Mexico City Milan Moscow Mumbai Nairobi New York Paris Rio de Janeiro San Francisco São Paulo Seoul Shanghai Singapore Stockholm Sydney Tokyo Toronto Centres of finance, commerce and culture Mature and emerging markets Broad geographic sampling 9
- 10. PwC Which cities are included and how do they rank? Global study 2014 San Francisco 26 Los Angeles 19 Chicago 21 Toronto 27 New York 29 Mexico City 9 São Paulo 5 Johannesburg 8 Sydney 22 Singapore 28 Hong Kong 23 Tokyo 18 Seoul 17Beijing 12 Shanghai 11 Mumbai 3 Dubai 15 Moscow 10 Stockholm 24 Berlin 20 Istanbul 6 Paris 25 Madrid 16 London 30 Milan 13 Buenos Aires 7 Kuala Lumpur 14 High Medium Low Rio de Janeiro 4 Nairobi 1 Jakarta 2 10
- 11. PwC Increase economic activity by holistic approach y = 21.177x + 577.92 R² = 0.64936 0 200 400 600 800 1000 1200 0 5 10 15 20 25 30 Overall CoO Score Productivity Score (GDP/employment) Stockholm New York San Francisco Los Angeles Chicago Sydney ParisToronto Tokyo Mumbai Johannesburg Beijing Kuala Lumpur Moscow Istanbul Correlation between the sum of all CoO variables and productivity (GDP/employed) 11
- 12. PwC Auckland ranked 16th globally in 2012 – the city has basic preconditions in place, but needs to turn them into economic successes… Intellectual Capital and Innovation Technology Readiness City Gateway Health, Safety & Security Transportation and Infrastructure Sustainability and the natural environment Demographics and livability Economic clout Ease of doing business Cost Tools for a changing world Economics Quality of life 2012 Position #1 #2 #3 Auckland Stockholm Toronto Paris #10 Seoul San Francisco New York #15 London Paris Beijing #28 Stockholm Toronto Sydney #10 Sydney Auckland San Francisco #2 Paris Sydney Hong Kong #12 Singapore Seoul Toronto #27 Beijing New York Paris #27 Singapore Hong Kong London #6 Berlin Seoul Kuala Lumpur #16 12
- 13. PwC Auckland has strengths and its weaknesses were identified as priorities in the Auckland Plan Strengths City Gateway Transportation and Infrastructure Economic clout Weaknesses Health, Safety & Security Sustainability and the natural environment Ease of doing business Auckland fares well as a ‘liveable’ city Auckland understands and confirmed these as plan priorities 13
- 14. Tools for a changing world
- 15. PwC 2015 Technology readiness - Auckland #16 StockholmSeoul AmsterdamStockholm SeoulStockholm StockholmStockholm LondonTokyo 13th 16th 14th 18th 10th 23rd 8th 13th 9th 28th 15 20152012 Overall Technology readiness 20152012 Internet access in school 20152012 Broadband quality score 20152012 Digital economy scores 20152012 Software development and multi-media design 2012 data 2015 data
- 16. Quality of life
- 17. PwC 2015 Transportation and infrastructure - Auckland #30 Grow transport and don’t come to a stand still… SingaporeSingapore TorontoToronto ParisParis JakartaMexico Mexico city Kuala Lumpur 27th 30th 21st 26th 31st 23rd 19th 28th 28th 19th DubaiToronto 27th26th AucklandAuckland 1st1st 17 20152012 Overall Transportation and infrastructure 20152012 Public transport system 20152012 Mass transit coverage 20152012 Cost of public transport 20152012 Licensed taxis 20152012 Major construction activity 20152012 Housing 2012 data 2015 data
- 18. PwC 2015 Demographics & livability - Auckland #13 Mutual self-interest continues to unite the urban world tomorrow SydneyParis LondonNew York TorontoToronto BeijingBeijing SingaporeSingapore 12th 13th 21st 3rd 8th 14th 3rd 23rd 6th 18 20152012 Overall Demographic and livability 20152012 Cultural vibrancy 20152012 Quality of living 20152012 Working age population 20152012 Traffic congestion 30th 2012 data 2015 data
- 19. Economics
- 20. PwC 2015 Economic clout - Auckland #25 Need to improve key components for Economic Development LondonTokyo TokyoTokyo MilanMilan SingaporeShanghai San FranciscoAbu Dhabi 28th 25th 27th 17th 31st 16th 28th 15th 28th 11th Beijing Buenos Aires 10th 16th 20 20152012 Overall Economic Clout 20152012 Number of Global 500 Headquarters 20152012 Financial and business services employment 20152012 Attracting FDI 20152012 Productivity 20152012 Rate of real GDP growth 2012 data 2015 data
- 21. PwC Auckland Capturing the opportunity Technology Readiness Transportationand Infrastructure Economic clout Tools for a changing world Economics Quality of life Competitive advantages Areas of attention • Emerging broadband • Connectivity • Growing digital economy • Strengthening software development • Quality of living • Cultural vibrancy • Current and forecast infrastructure build • Financial and business employment • Rate of GDP growth • Education and school internet access • Innovation readiness • Keeping up with the high pace of development • Ageing population • Mass transit coverage • Cost and ease of public transport • Congestion • Attracting ForeignDirect Investment • Attracting global corporate presence 21 Demographics and livability
- 22. PwC Implications for Auckland and the council 1. Tell the story of Auckland 2. Sustain ‘livability’ 3. Stay on the move 4. Develop city transport 5. Reimagine competitive advantage 6. Increase investment attractiveness 7. Grow density and quality of talent 8. Exploit upper north regional collaboration 9. Lower cost of infrastructure 10.Encourage ‘clustering’ of activities 22
- 23. PwC Time for action to capture the opportunity Auckland has a strong competitive position with some of the key preconditions in place… But lagging on some of the critical performance indicators… It is time for action to capture the opportunity and capitalise on its competitive advantages! ? ?? ‘Dreaming’ ‘Cities of Opportunity’ ‘Sleeping’ ‘Adventurous’ PolicyandPlanning Execution +- + - 23
- 24. PwC Thank you! Hazem Galal Senior Partner Cities & Local Government Sector Global Leader Egon de Haas Global Director Government & Public Services Download at pwc.co.nz 24
- 25. PwC Get in touch Craig Rice Partner, Strategy Leader T: +64 9 355 8641 E: craig.rice@nz.pwc.com David Walker Director T: +64 9 355 8033 E: david.a.walker@nz.pwc.com 25