We've talked about the productivity problem in construction for years, but what about the impact it has on the ground? Increasingly more craftspeople are leaving the industry, but where are they going ...
For too long, the construction industry has remained a laggard in adopting and embracing new tools, processes, and best practices for enhancing productivity. The $800-billion sector only allocates ...
Construction projects generate constant signals about cost, schedule, labor, safety and risk, but predictive analytics turns ...
There are worse economic trends than slowing productivity. How about declining productivity for one? That’s the nasty trick pulled by the US construction sector. It’s been running in reverse for a ...
Across nearly every sector, artificial intelligence is changing the way work gets done. In construction, however, the digital transformation era is just getting started — and the potential impact is ...
High inflation and labor shortages are a major challenge for many industries, and no more so than in the construction and engineering (C&E) sector, where productivity has historically always been low.
We document a Kuznets curve for construction productivity in 20th-century America. Homes built per construction worker remained stagnant between 1900 and 1940, boomed after World War II, and then ...
In the 2017 report “Reinventing construction through a productivity revolution”, MGI argued that, if construction sector productivity were just to catch up with that of the total economy, there would ...
Those of us in the construction industry, whether we want to admit it or not, are faced with an unpleasant truth: we haven’t increased our productivity in more than 50 years. According to a research ...
Despite the many industrial advancements that have happened over the last half century, construction productivity has actually fallen. A recent report by the New York Times correctly pointed out that ...
In contrast to many other sectors of the economy, the construction sector in the US has experienced a dramatic decline in productivity in recent decades, find Chicago Booth’s Austan D.
Technology is transforming entire industries to be more efficient, yet productivity lags in construction—confoundingly so. The reality is that the problem is systemic. It’s not just a matter of ...