A roofing business service operation do not fall flat on the first sign of inefficiency. Sadly, many warning bells can be heard many times earlier before finally giving up to poor lower profits, high operational cost, and reduced productivity. And yet roofing contractors fail to see the warning the signs? Why does it happen? Are too many contractors immune to the warning bells before the damage is done?
At the surface, there appeared to be a dramatic shift in residential construction trends following the last year plus of pandemic-related restrictions. With the home also becoming the office and social hub for many people, consumers looked toward leaving cramped cities and apartment housing in search of more space and homes tailored to their new needs. In tandem, energy use and costs rose dramatically, causing builders to rethink methods and materials for making homes adaptable and sustainable for the long-term.
Late payments have plagued the construction industry for so long now that most of us think of it as the norm. There are many reasons for this, including a fractured and potentially very long supply chain of subcontractors (meaning money must pass through many hands); an entrenched, change-averse culture, which tends to distrust digitization; along with high payrolls (labor-intensive industries are often some of the costliest businesses to run and construction companies are no exception). Not to mention there’s the ever-increasing change in regulations and payment processes meaning more red-tape and human error.
A recent research study found that 81% of companies are more focused on sustainability today than they were three years ago. Corporations are under pressure to operate more efficiently, spurring growth in sustainable warehousing/distribution centers. With consumer interest in green practice growing, businesses are evaluating everything from packaging to transportation of goods to optimization of warehouse space. One less obvious way to reduce their carbon footprint is by replacing a traditional concrete slab floor with a DUCTILCRETE® engineered slab system.
Construction is an inherently optimistic act. Large projects started today won’t provide utility for years to come, and yet every month of every year the shovels go to work, beginning the construction of skyscrapers, transit hubs, and infrastructure promising future benefits. Even after the pandemic and the economic downturn hit, the industry’s confidence was shaken but didn’t collapse, with 75% of contractors still rating their level of confidence in finding sufficient new business as “high” or “moderate.”
The coronavirus pandemic has been the main focus of the world for almost a full year now, and every single organization has needed to adapt. While the vaccine is rolling out and states are starting to open up, it will likely still be months before we find some sense of normality. Luckily, construction is considered essential work in several states, with safety protocols in place of course. This, however, does not change the fact that some construction jobs are being pushed back due the pandemic, for reasons such as lack of materials or worksite outbreaks.