Web28 jul. 2024 · The construction industry is poised for massive growth—if only it can overcome its productivity problem. Labor-productivity growth in the global construction business has averaged just 1 percent a year for the last two decades, according to estimates by the McKinsey Global Institute.That compares to a 2.8 percent uptick in the … Web6 jan. 2024 · According to McKinsey, construction is one of the least digitalized industries. Qualified personnel is difficult to find and the improvement in employee efficiency is low, thus technology is useful. If companies used more technological tools, the efficiency of the sector would be visible.
11 Construction Industry Trends to Watch (2024-2026) - Exploding …
Web30 okt. 2024 · The construction technology ecosystem is shifting toward integrated software platforms that better serve customer needs. Opportunities abound for investors. … Web3 jan. 2024 · McKinsey Finds Staggering Increase in Construction Cost Overruns. Across sectors and asset classes, large projects are taking longer than anticipated and running … blow sticker
Where the construction industry stands six years after McKinsey
Web15 mrt. 2024 · It’s not a given, however, that the construction industry can provide the types of housing that people will want in the future. For that to happen, building owners, real estate developers, contractors, and building materials manufacturers must transform the ways they do business. Among other things, they must act early to secure property in … Web2 nov. 2024 · Modular construction could scale to an industry that represents more th an $100 billion in US and European real estate, delivering $20 billion in a nnual savings … Web2 dagen geleden · Faster digital connections, powered by 5G and the IoT, have the potential to unlock economic activity. So much so that implementing faster connections in “mobility, healthcare, manufacturing and retail could increase global GDP by $1.2 trillion to $2 trillion by 2030.” 5G and IoT will be one of the most-watched tech trends for the next decade. blows through