January 24th, 2017
What is the biggest current challenge facing the construction industry? It’s certainly not demand—in fact, the worldwide demand for construction is quite high. According to professional services provider PwC, global construction output is projected to grow 85% by 2030, with an average of 3.9% per annum up to 2030, which outpaces global GDP by a whole percentage point. Much of the recent growth in the construction industry can be attributed to both developed countries recovering from the 2008 recession and undeveloped countries continuing to industrialize.