Preparing for 2026 Vennie Gore Vice President of Auxiliary Enterprises

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Presentation transcript:

Preparing for 2026 Vennie Gore Vice President of Auxiliary Enterprises Friday, March 23, 2018

Reasons to Live On

“To move a mountain, one must first move many small stones” -Confucius

Possible Future, Probable Future, Preferred Future: It’s a choice!

2026: The Decade Ahead The Seismic Shifts Transforming the Future of Higher Education Source: The Chronicle of Higher Education

Students of the Future Supply and demand mismatch The changing face of higher education Hollowing out of the middle class

2017 U.S. Youth Outlook

Context

Pressure Points

Burn and Build

Trust Fall

Technological Tension

Shifting Demographics: Current and Future Generation of Students

Shifting Demographics: Current and Future Generation of Students

Shifting Demographics: Current and Future Generation of Students

Trends for 2018

The Future of Residence Education Residential-Based Learning Model Student Development revisited Increase collaboration with academic and student affairs units University for life Higher Education powered by data analytics

Emerging Trends: Culinary/Restaurants Scarcity of skilled labor, shifts in work ethic Augmented transparency Continued growth of the Fast Casual segment Food Halls! Restaurants without seats, seats without restaurants

Emerging Trends: Campus Dining Healthy by design Wellness as a way of life Culinary nutrition on campus Technology-enabled connections Community building The global kitchen Food with a conscience

Emerging Trends: Market Concepts Prepared foods & dining Home meal take-out Fresh grocery products Beers & wines Cooking accessories Culinary classes

Emerging Trends: The Food Hall 200 New Food Halls Across the US Small business Incubators Start-Ups Pop-Ups Combine: Restaurants – sit down & walkup Coffee Shops Bars Entertainment Retail outlets Specialty groceries

Emerging Trends: Hospitality Catering to millennial Technology explosion Influx of international visitors Need for seamless technology Sustainability rules New roles for staff Destination promotion- upside of social media Real time damage control- downside of social media Unique perks

Future of Talent 2014-2019 Source: HRM Talent

Possible Future, Probable Future, Preferred Future Final Slide Possible Future, Probable Future, Preferred Future It’s a choice!