How to cope with the biggest issues facing the construction industry in 2021?by Kerry Evans Head of Marketing at ProjectPro
The construction industry is not an exception when it comes to dealing with the COVID-19 crisis. As the pandemic continues to rage on, contractors did not have the liberty to work from home. Most of them had projects to deliver while some faced problems where projects were put on hold in the construction industry.
Contractors, remodelers, real-estate workers, construction managers all suffered varying degrees of impact. Apart from experiencing existing problems in the construction industry like shortage of skilled labor, lack of raw materials, etc., many were forced to adapt to the new normal.
For some, it meant losing projects while others tried to implement new strategies. Many tried to protect their staff and also struggled to grapple with issues facing the construction industry in 2021. While the pandemic still casts its shadow, contractors have devised ways to cope with the upcoming challenges.
Today the construction industry is in the perfect storm. An industry that was historically slow in technology adoption and yet contributes to 13% of global GDP, is now keen on technology uptake. Here’s what construction managers and real-estate developers can do to tackle the upcoming challenges in 2021:
Say Yes to Technology
Instead of downsizing say yes to technological solutions and upgrade your construction business. This will eliminate the need for manual tasks like bookkeeping, long hours on the time-consuming spreadsheet but helps you save time. You can harness the newfound resilience and with technology solutions like ERP construction software can scale your business. Enjoy added productivity and economies of scale as you enter a new era to up your game.
Collaborate, Connect & Recharge
2021 has been the year where contractors are reaping the benefits of digitization. Many can collaborate, connect and update each other with the help of construction software. For construction owners, this is a great time to recharge as you can track project progress in real-time. It’s time to recharge by giving up the old cloak and ancient approach to doing all things manually. Connect with the inner entrepreneur in you and focus on the automation of tasks so that you can address the biggest challenges facing your business.
Bring about Diversity & Inclusion
This year is witnessing the ushering of a ‘new workforce’ and a diverse set of workers in the construction industry. With the help of construction technology, one can now face the biggest issue that was plaguing this business i.e. lack of inclusion. Today workers with diverse skill-set and backgrounds can enter this connected construction ecosystem where they can use video conferencing, real-time collaboration, and keep tabs on financial analysis. The benefit of having diverse workers is that they bring fresh perspectives, innovative ideas, and life experiences to the business. Yes, it’s time to turn to them and most importantly, lean on them.
Make workplace safe for personnel
Construction is a risky business and one of the biggest challenges is worker safety. Not only can injuries slow down the industry but also crucial time is lost and the construction managers risk losing a client. To tackle this issue head-on, say yes to robotics and Artificial Intelligence (AI) and to the internet of things (IoT). Make it a top priority to protect your employees and have strong employee-centric safety programs to make your workplace safe.
Streamline your business
Construction business began stagnating years ago as there was a lack of proper scheduling, poor planning, wastage of time, and employees staying idle while the arrival of supplies and materials issues had to be resolved. But today, it is so easy to streamline your business as digitization has changed the construction landscape. From subcontractor management to payroll processing, you need not get lost in timesheets but use technology as an arsenal to sail through the most difficult period of human history i.e. the pandemic that is forcing workers to re-think and re-analyze their stakes in the game.
The construction industry is becoming increasingly complex and it looks a lot different than it did a few decades ago. Let 2021 be the landmark year of implement technology and troubleshooting some of the biggest issues in the construction industry. By having a digital aid, you can take a fresh look and take stock of things, regroup and analyze the way forward. Create a business with positive cashflows and a fruitful revenue cycle. All-in-all may the force of technology be with you. It’s time to bring on the change and let the overhaul begin.
Created on Aug 17th 2021 00:49. Viewed 100 times.