Megaprojects are at the forefront of America’s infrastructure investment resurgence, offering vast opportunities for the AEC industry to drive innovation, sustainability and socioeconomic change. By understanding the trends shaping these projects, your firm can determine how it might fit strategically within an industry segment that is consistently in the spotlight.
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Companies that are reactive rather than proactive in aligning their operations across departments often fall behind competitors, especially when faced with nontraditional entrants offering innovative products.
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Discover Bob Uhler's four levels of leadership and how executives can best manage their time to maximize their outcomes.
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Building products manufacturers focused on growth typically look to expand geographically, diversify their offerings, develop new products, invest in technology or acquire other companies to stay relevant or increase revenue. While these strategies can all improve the bottom line, they often lack a key component: putting customer needs first.
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In part two of our series on megatrends, we discuss continued urbanization, rising income inequality, increased political polarization and further globalization.
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Having a long-term strategy can help your firm chart a course for the future. To assist in this strategic focus, FMI has put together a two-part series on megatrends that will impact our industry’s future.
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As prefabrication continues to evolve, building products manufacturers (BPMs) must understand how to position their firms for success. This will require adjusting their approach to effectively align with changing market dynamics. BPMs have an opportunity to separate themselves from their competition by partnering with customers to support their transitions to prefab operations.
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Building products manufacturers and suppliers looking to capitalize on the money pouring into the sector will need to understand these new environmental, social and economic trends to adjust products and services to address shifting client demands.
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Since niche original equipment manufacturers (OEMs) have been gaining market share, many are looking for capital to expand their operations into different product lines or geographies, creating opportunities for private equity investors to accelerate their growth.
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Distinguishing between the hype and reality of AI’s capabilities can be difficult, given its prominence in today’s conversations. It’s time to cut through the noise and discuss how AI is truly changing the construction industry – without invoking images of autonomous humanoid robots capable of climbing a ladder to terminate wire or anything else.
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