Infographics

Top Trends Impacting Construction Industry in 2023

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The use of each additional technology is associated with a 58% increase in expected revenue 30% more likely to be optimistic about the future Twice as likely to have international operations – AIA Architecture 2030 Economic fluctuations Supply chain disruptions Labor shortage Aging workforce Low investment in technology Rising interest rates Political uncertainty Increased natural disasters (wildfires, flooding, drought) Employ integrated design principles Optimize energy performance Protect and conserve water Enhance the indoor environment Reduce the environmental impact of materials Assess and consider building resilience Deloitte surveyed 229 construction and engineering businesses for its State of Digital Adoption in Construction Report 2023. Findings on the adoption rate of digital technology included: Expanding the use of technology is key to realizing future growth. Businesses using more digital technologies are: While workers under the age of 25 comprised 13.6% of the US labor force, their share in the construction industry reached only 10.0% in 2021. Construction industry needs 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor. The share of construction workers ages 55+ increased from less than 19.3% in 2015 to almost 22.3% in 2021. Many of these older construction workers are also the most productive, refining their skills over time. The most entry-level workers have accounted for nearly 4 out of every 10 new construction workers since 2012. Environmental, Social and Governance concerns are rising for construction leaders – KPMG 2023 Global Construction Survey National Association of Home Builders Associated Builders and Contractors Proprietary Model Per the Facilities Standards for the Public Buildings Service, owners are working these principles into their projects: • • • • • • • • • • • • • • fully envisioning the benefits of ESG and aggressively pursuing it see benefits to reputational improvement and competitive advantage/ attracting wider range of workers see the necessity to enhance access to project capital that values ESG performance Kahua | www.kahua.com Top Trends Impacting Construction Industry in 2023 Keeping Up with Market Volatility The State of Sustainability and What It Means For Your Capital Programs Modernizing Your Construction Capital Programs: Embrace Tech for Modernization Buildings generate nearly 40% of annual global CO2 emissions. Of that total, building operations are responsible for 28% annually. Building materials and construction are responsible for an additional 11% annually. 32% 54% 42% use mobile apps use building information modeling use data analytics utilized cloud software 39% 33% 33% 40%

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