March 2022 marked two years since the WHO (World Health Organization) declared COVID-19 to be a global pandemic. Emotional and economic recovery has been slow. Supply chain issues continue to impact commercial and residential construction costs and timeframes. Even though real estate investors see industrial development as favorable (the need for space is higher than […]
Current Events Impacting Industrial Development Read More »
It’s sad when a company has to back off expansion plans because of an economic slump. Amazon, after acquiring enough acreage to form a small country, is now slowing down construction on planned fulfillment centers. Before you say, “Aww…poor Jeff,” here’s the scoop. E-commerce customer purchasing is increasing so rapidly that Amazon has chosen to focus
Construction Industry Supply Chain Priorities: Amazon Focuses on Shipping Read More »
Materials prices have risen about 50% within the last year. This has led to even more competitive project bidding. The wins are going to contractors that can guarantee materials will be available when needed. When the supply shortages became a crisis, some contractors resorted to hoarding, ghost orders, and pop-up warehouses. Warehouse operations are becoming as
Warehouse Operations Management for ‘Just-In-Case’ Building Materials Read More »
Organizing and retaining projects’ construction lifecycle data has become increasingly complex. Autodesk says construction projects now involve more people, but that doesn’t necessarily mean more people on the payroll. It could mean more people in the loop. By the time a typical construction project is complete,up to 30 percent of data has been lost…–Autodesk Different
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In 2018, an Iowa City television network covered a story of a high school group’s student-built home. The story included teen perspectives on why students don’t consider construction work a viable career option. One of its high school graduate new hires said, “A lot of the kids are just not interested in building. More are interested
How Construction Work Is Fun Read More »
U.S. job openings in 2021 hit a record high, according to the Labor Department. But the workers who voluntarily quit their jobs last year (47.4 million) also hit record-breaking highs. Dissatisfaction among U.S. workers last year led to turmoil in the labor market. The coronavirus caused 31% of workers to leave their jobs last year.
Construction Workers and The Great Resignation Read More »
She’s daddy’s little girl. And she always will be, even after she becomes a shrewd construction business strategist. After years of mentoring her, it’s time to ensure your legacy will continue to thrive. Construction Business Succession Planning Most of us don’t think about retirement while we’re young, but we should. And we know we should
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The total construction industry starts increased nine percent in February 2022. The new construction of three “large manufacturing facilities” boosted nonresidential building starts up 32%. Without the large manufacturing projects, total construction would have declined six percent in February, according to Construction Business Owner magazine. The manufacturing facilities are: $10 billion – Intel chip fabrication plants/Chandler,
The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022…-Construction Business Owner Home Depot plans to hire 100,000 sales associates by Spring 2022. If this seems optimistic, examine some of the incentives the mega-company plans to use: 401(k) savings plan w/company match Accelerated hiring – 24-hour or
Construction Labor Shortage Read More »
Maybe, just maybe, this viral string of pandemics is over, at least for this decade. Construction industry businesses continue to do damage control. If you believe everything happens for a reason, one of the key takeaways from this experience is: we learned ways to improve the way we work. Construction Industry Communications and Data Management Preventing
What We’ve Learned: COVID and the Construction Industry Read More »
