Constructing the Future: Surviving and thriving in the era of disruption features insights from 100 senior executives in the construction industry, examining challenges facing the sector, ESG and the adoption of new technology.
Key findings include:
- Investment risks are on everyone’s radar, while regional opportunities remain promising. 54% of respondents say securing construction projects without fixed-price budgets is a top priority in the coming 18 months. 67% of respondents say Asia offers cross-border contractors “significant potential” for new business, followed by the Middle East (62%).
- Supply chain and pricing challenges are cause for concern and risk mitigation strategies are being implemented. 88% of respondents in Asia and 85% of those in Europe anticipate price increases for materials in the coming 18 months, versus 78% in the Middle East.
- ESG and green targets are priorities – but there are clear regional differences. 82% of respondents in Europe identify carbon footprint reduction across operations and supply chains as one of their long-term ESG-related objectives, compared to 73% in both Asia and the Middle East.
- Different countries are at quite different stages in their tech journey, with further to go. 68% of respondents in Europe use AI tools in procurement processes, compared to 45% and 30% of those in Asia and the Middle East, respectively.
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