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Showing posts from August, 2020

How engineering consultancy strive amidst in the pandemic?

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Construction is typically much more active than the overall economy. Reduced economic activity results in less demand for different commercial or industrial facilities, and uncertainty further dampens investment. Lack of income and consumer confidence adversely affects demand for residential construction or refurbishment. And as the usefulness of buildings and infrastructure almost tracks GDP, the need for a new construction project is extremely sensitive to GDP growth, even in longer-term models. The pandemic also depicts a shock to supply. Both migrant and domestic construction operators may be unable to arrive at job sites and will need to adhere to new on-site rules that will hamper the productivity for the foreseeable future. Some building-materials supply chains have also been stopped, suspending production and distribution. The following five actions may help leaders prepare for the next normal: Accelerate the rollout and implementation of digitization. There is no time to expl...