The construction space looks attractive in 2019, given its solid economic position, consistent job growth expectancy, and the promises made to boost infrastructure spending in the United States.
However, according to McKinsey Global Institute’s 2018 research report, “Reinventing Construction Through a Productivity Revolution,” the industry is slow to adopt technology, and has been struggling with stagnant productivity levels for decades. One reason for this is companies continue to use various older systems instead of integrating technologies to consolidate methods and increase overall efficiency.
Reprinted courtesy of Sean Martell, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.