April 8, 2020

Consultant predicts a post-coronavirus ‘construction tsunami’

Photo by Josue Isai Ramos Figueroa on Unsplash

The coronavirus has led to major supply chain disruptions, especially of goods from China, and an expert thinks American businesses will be hesitant to resume orders from this part of the world. This in turn will create a surge of new manufacturing- and supply chain-related construction projects such as factories and warehouses, he added.

In addition, pent-up demand from the current construction shutdowns will lead to a “construction tsunami” beginning in the third quarter, driven by historically low interest rates and a tremendous amount of liquidity being pumped back into the market.

The design-build delivery method is ideal for a fast-moving situation such as the coronavirus crisis because it is centered on a team approach to solving problems that allows for flexibility and fast decision making around challenges. This ability to quickly pivot will allow design build teams to seize opportunities as they arise.

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