In this month’s edition of “What’s Trending in Construction,” we feel it appropriate to focus on two things that we know will strongly shape the industry over the coming years; infrastructure and technology. Adapting to the industry by incorporating these undeniable trends will pay off by increasing profitability and productivity for you and your team.
We’ve found amazing optimism and growth as our economy roars back from an unprecedented national shutdown. Capitalism is answering the call in support of socio-economic shifts at an unprecedented rate, Federal and state governments are investing heavily in infrastructure to support the return to a booming economy, and construction is playing a major role in both.
In this month’s edition of “What’s Trending in Construction,” we’re focusing on construction sectors that are seeing major growth and success in spite of the current climate. As companies and states learn to deal with major hurdles associated with this pandemic, some are actually capitalizing on the effects, making positives out of a big negative and proving the resilience of American capitalism.
In late 2019, the outlook for 2020 for the construction industry nationally was positive, although with a much slower expected growth rate. But, the COVID-19 pandemic caused a shift in project timelines and a drop in the sectors’ labor and employment.
In this month’s edition of “What’s Trending in Construction,” we’re focusing on technology and the impact it’s had on the construction industry’s response to the COVID-19 pandemic. We’re now six months into one of the largest worldwide health emergencies in history with no end in sight, and we are witnessing the construction industry’s unprecedented embrace of technology in an effort to overcome previously unforeseen obstacles.