Additionally, further on-site safety protocols will likely hinder productivity, leaving organizations scrambling to fill these gaps. Companies that were able to rebound from the 2008 financial crisis were at the forefront of diversifying their portfolios, reallocating resources, and cutting costs by investing in new technologies. This period provides a fantastic opportunity for growth and expansion, and the data suggests that organizations that quickly pivot will see these returns in the long run.
Economic levels for construction aren’t projected to reach 2019’s height until 2023 at the earliest. Moving forward, though, to position your company for the best possible economic outcome, we recommend investing in new technologies early that will aid your remote employees, increase productivity, and offer a sustainable option to those working from home. While supply chains, project budgets, and safety protocols will need to be rethought, we believe the design-build process will thrive.
If you’re interested in learning more about going back to work, read some of our construction pieces, or cut right to the chase, and start a free trial.