Summary of Spatial Economics: The Declining Cost of Distance

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How will 3D printing, delivery drones and autonomous cars influence your business? In this intriguing study, Karen Harris, Andrew Schwedel and Austin Kimson of the international management consulting firm Bain & Company examine how emerging technologies will steeply reduce the “cost of distance,” making it less and less relevant where your customer, suppliers and employees are located. getAbstract recommends their analysis to business leaders looking for innovative ways to rethink current business models or develop new ones.

In this summary, you will learn

  • Why the “cost of distance” will plummet,
  • How forthcoming changes will affect cities around the world and
  • What steps business leaders should take now to prepare.
 

About the Authors

New York-based Karen Harris and Andrew Schwedel and Dallas-based Austin Kimson work for Bain & Company, an international management consulting firm which helps business leaders with operations, strategy, organization, technology, private equity, and mergers and acquisitions.

 

Summary

As the “cost of distance” plummets by 2035, new technologies will reshape business models and the way people live. Thanks to technological innovations in robotics, drone delivery services, logistics technology and 3D printing, new products will significantly lower the price for “moving people, goods...

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