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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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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As the economy becomes more uncertain, engineering and construction firms are beginning to see more project delays and cancellations. It's not enough to have a strategy in this environment. You need to execute, integrate and constantly reassess your plans to optimize your market position. Learn how you can get ahead of the current environment.
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Being selective about what projects you take is becoming a business imperative in today’s market. Engineering and construction firms need to have superior execution that aligns with clear strategies to increase their competitive advantages.
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Carbon accounting isn’t required on all projects yet, but there are major incentives for early adopters.
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Here are four key trends that are shaping the built environment and helping engineering and construction firms reposition and prepare for a post-COVID expansion.
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It’s time to embrace what matters and ignore what doesn’t. As we move into the second quarter of 2021, there’s reason to be cautiously optimistic about what lies ahead.
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