The construction industry is a vital part of any economy, providing infrastructure, housing, and employment for communities. In recent years, contractors and builders have been facing significant labor and logistical problems, which have led to a slowdown in productivity and rising project costs. Fortunately, emerging construction technologies have increasing promise to overcome these issues, elevating productivity and efficiency across construction as a whole.
According to the Bureau of Labor Statistics, the industry has seen a shortage of skilled laborers in recent years, leading to a decline in productivity and increased competition among qualified personnel. The COVID-19 pandemic further exacerbated the situation, leading to labor shortages due to quarantine protocols as well as social distancing measures. Even as industries continue to recover three years after the initial lockdowns, builders are still challenged in finding sufficient skilled labor to meet deadlines and complete projects within budget, especially in the face of a growing demand for construction services.
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