Summary
The building and construction materials industry plays a critical role in the continued growth of the construction industry. In recent years, sales of DIY supplies, such as flooring and plumbing products, have risen sharply as home improvement projects have gained popularity.
The industry continues to face a significant lack of labor availability, a challenge made more difficult by restrictions limiting workers from moving across borders. This issue also extends to industry supply chains, as periodic disruptions can halt the movement of many critical raw materials and finished products. Moving forward, the industry will need to incorporate digital tools to enhance and streamline resource planning, such as project management software and data-driven planning.
Technology will also continue to play a growing role in the industry as a whole, as 4D and 5D simulations are being used to plan construction projects more efficiently, while business intelligence software is helping companies optimize inventories and processes.
