It's no secret that fluctuating labor shortages and supply-chain delays can present business challenges for contractors. Construction company leaders must think proactively about future operational interruptions. Speeding into the second half of 2024, labor shortages, the supply chain and technology are among the top trends for construction industry leaders to be aware of and address.
ONGOING LABOR SHORTAGES
Construction traditionally has a high labor turnover rate, which only increases during labor shortages. During this historic shortage, the construction workforce is up against several factors, including an aging workforce and recruitment struggles.
Reprinted courtesy of David DeSilva and Chris O'Hala, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.