The long-term business model and Corporate Business Plan of Boskalis are based on a number of long term megatrends. Global population growth and increasing prosperity are the driving force behind structural growth in global trade and growing demand for natural resources and energy. Moreover, global warming continues to create opportunities for Boskalis around the world, such as coastal defense, the need to reclaim new land as well as the shift to renewable energy such as offshore wind. Boskalis is very aware of the fact that the timing and momentum with which these trends and opportunities translate into projects varies widely from region to region. In a number of regions and markets where Boskalis is active these trends are developing less favorably, making the outlook uncertain for both the short and the medium term.