Adapting to Ongoing Supply Chain Impacts

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Game-changing warehousing strategies for 2023 By Josh Young As we look to 2023, the construction industry is still adapting to ongoing supply chain impacts, cost escalation and logistics challenges. While some of the extreme lead times are beginning to ease, we’re still predicting a gentle rise – but a rise nonetheless – in escalation. To manage the costs and help clients get the most value for their budget, warehousing for material storage and prefabrication has been a gamechanger. Utilizing warehouse space isn’t new in the construction industry, but it has traditionally been limited to large, multi-year projects, or those on … Read more

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Construction Industry Remains Constrained, Marcum Index Shows

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The Marcum Commercial Construction Index for the third quarter of 2022 reports that the construction industry remains constrained by labor shortages and elevated materials prices, but now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. While some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry. The index is produced by Marcum’s National Construction Services group. Labor shortages remain the most pressing issue for the construction industry. “The number of unfilled construction jobs increased to 422,000 in September, the most in any month since at least 2000 … Read more

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