Call It a Comeback: Positioning for the Post-COVID Boom
The U.S. is now at or above the 25-year average for growth in construction, following a 76% increase in construction spending from 2010 to 2020. The limiting factor is supply. Shortages in (and high costs of) construction materials and labor combined with continued supply chain fragility have constrained growth for some parts of the engineering and construction industry.
There's no doubt that recovery will happen, but understanding which sectors and geographies are best positioned is crucial for those looking to capitalize on the post-COVID expansion.
Download FMI's latest paper to better understand how to ready your business to take advantage of opportunities in the post-pandemic economy.