The last few years have been a rollercoaster ride, to say the least. From a global pandemic to global inflation, there’s no debate that companies all over the world have had to change and adapt to survive the multitude of recent global events, impacting all sectors. 

As many of us saw in the last great recession in the late 2000s/early 2010s, the construction industry is not immune to the consequences of an economic downturn. Unfortunately, construction is one of the most affected industries hit during recessions, largely due to the decreases in public and private spending on infrastructure and new builds and projects. Between 2007 and 2011, over two million Americans lost their construction jobs between 2007 and 2011 and the total valuation of all construction projects plummeted by billions of dollars.

With financial experts warning that the US and the rest of the globe are heading for recession to come after the inflation we’ve all been witnessing, leaders in every sector should be staying proactive to fortify their companies for the impending downturns. While construction may not be recession-proof as an industry, there are ways you can start fortifying your business to weather the upcoming storm. 

Stay ahead of the curve and ensure your company’s survival with the following tips:

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