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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The residential building products sector has long been a core area for private equity investment. Despite recent uncertainty, the sector has remained resilient in the short term and is expected to present a variety of investment opportunities in the medium and long term.
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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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COVID-19 continues to alter the building products industry. The firms that will thrive in 2021 are turning their attention to setting strategic plans and executing on what differentiates them from the competition.
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When building product manufacturers walk side by side with contractors, engineers and architects, they become true partners in the building process (versus just suppliers or vendors).
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As Amazon Business continues to make headway in the building products distribution industry, we’re beginning to see the Amazon effect disrupt the purchase and delivery of building products to the job site.
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How to develop a business strategy that outwits Amazon Business at its own game.
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How building product manufacturers can take advantage of offsite construction trends and adapt their distribution models.
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How to effectively draw out ideas and feedback from customer communities and translate that information into product innovation.
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