Constructing Northeast Florida:
The Compass Group Blog
By Compass Group on Jul 24, 2023
There is one thing certain as the months
go by: artificial intelligence (AI) grows day
by day. Modern-day advents like machine learning may enable AI to greatly impact almost every field of work. It has already created a ripple effect across all industries that either incites enthusiasm or great fear within members of said industries.
Topic: construction industry
By Compass Group on Apr 17, 2023
The construction industry has come a long
way in embracing technological advancements
to streamline processes, enhance productivity, and improve efficiency. From 3D printing and Building Information Modeling (BIM) to drones and virtual reality, technology has undoubtedly revolutionized the way construction projects are executed.
However, amidst these innovations, it is crucial to remember that people remain the most important aspect of the construction process.
Topic: construction technology
By Compass Group on Mar 24, 2023
This month marks three years since the
shutdown in the United States for COVID-19, and the construction industry has since deeply felt the effects of the pandemic. Labor shortages, supply chain issues, and high costs of building materials slowed both new and ongoing projects for quite some time. As 2023 rolls on, we have seen an increase in construction starts that bode well for the rest of the year to come.
Topic: construction technology
By Compass Group on Sep 13, 2023
Using green building materials can benefit the environment and your company.
The general focuses of running a business have been fairly simple for many generations, such as making profit while maintaining a low cost of business, having efficient and successful teams, and following safety regulations.
However, as time progresses, a new focus appears across all businesses: lessening environmental harm and the overall environmental impact of your company.
Topic: construction technology
By Compass Group on Dec 29, 2022
What’s in store for the construction industry over the next year Inflation rates will determine the health of the construction industry next year, as well as the U.S. economy as a whole. As projected in the new year, if interest rates stop increasing and core inflation continues to improve, the U.S. economy will begin to stabilize within the next year, which is a promising outlook for the construction industry as a whole.
In 2022 construction projects increased by nearly 20% and are expected to remain steady in the next year, which is an improvement from the fluctuation after the COVID-19 pandemic.
This is not to say the construction industry is without challenges over the next 12 months. According to Equipment World’s 2023 Industry Outlook, here are the key takeaways to prepare for the year ahead.
Topic: Construction Industry
By Compass Group on Sep 21, 2022
Not a manufacturer? This massive bill could
still impact your construction project.
In early August, President Biden signed the
CHIPS and Science Act, enacting legislation to help keep more semiconductor manufacturing in the U.S. and reduce reliance on overseas production. The $52 billion CHIPS Act will subsidize U.S. semiconductor manufacturing and provide a 25% tax credit for companies that build facilities in the U.S.
Topic: Construction Industry
By Compass Group on Jul 18, 2022
When the COVID-19 pandemic hit, remote
work became a way of life. More than two
years later, companies continue to realize the benefits that a flexible work location can have on employee productivity. And with 83% of workers preferring a hybrid model, leaders also realize how offering hybrid options can retain and attract talent.
Topic: Construction Industry
By Compass Group on May 18, 2022
Since the beginning of the pandemic in 2020, the cost of building materials has steadily risen alongside an increasing labor shortage. Supply chain issues have caused a spike in costs and severely extended the timelines for new construction.
Topic: Construction Industry
By Compass Group on Mar 1, 2022
Construction is a historically male-dominated field. With women accounting for approximately 47% of the total workforce, supporting female construction
workers is vital for long-term industry growth.
According to data from the U.S. Bureau of Labor Statistics, women make up only 11% of the industry.
Topic: Construction Industry
By Compass Group on Jan 26, 2022
Insights from the 2020 Bureau of Labor Statistics report on fatal construction job-site injuries.
The annual release of the Bureau of Labor statistics census of fatal occupational injuries is one of the best measurements of worker safety nationwide. The latest report shows that the number of fatal work injuries in 2020 was the lowest since 2013.
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By Compass Group on Jul 24, 2023
There is one thing certain as the months
go by: artificial intelligence (AI) grows day
by day. Modern-day advents like machine learning
may enable AI to greatly impact almost every field of
work. It has already created a ripple effect across all
industries that either incites enthusiasm or great fear within members of said industries.
By Compass Group on Apr 17, 2023
The construction industry has come a long
way in embracing technological advancements
to streamline processes, enhance productivity,
and improve efficiency. From 3D printing and
Building Information Modeling (BIM) to drones
and virtual reality, technology has undoubtedly
revolutionized the way construction projects are executed.
However, amidst these innovations, it is crucial to remember that people remain the most important aspect of the construction process.
By Compass Group on Mar 24, 2023
This month marks three years since the
shutdown in the United States for COVID-19,
and the construction industry has since deeply
felt the effects of the pandemic. Labor shortages,
supply chain issues, and high costs of building
materials slowed both new and ongoing projects for quite some time. As 2023 rolls on, we have seen an increase in construction starts that bode well for the rest of the year to come.
By Compass Group on Sep 13, 2023
Using green building materials can benefit the
environment and your company.
The general focuses of running a business have been
fairly simple for many generations, such as making
profit while maintaining a low cost of business, having
efficient and successful teams, and following
safety regulations.
However, as time progresses, a new focus appears across
all businesses: lessening environmental harm and the overall environmental impact of your company.
By Compass Group on Dec 29, 2022
What’s in store for the construction industry
over the next year Inflation rates will
determine the health of the construction
industry next year, as well as the U.S. economy
as a whole. As projected in the new year, if interest
rates stop increasing and core inflation continues to improve, the U.S. economy
will begin to stabilize within the next year, which is a promising outlook for the construction industry as a whole.
In 2022 construction projects increased by nearly 20% and are expected to remain steady in the next year, which is an improvement from the fluctuation after the COVID-19 pandemic.
This is not to say the construction industry is without challenges over the next 12 months. According to Equipment World’s 2023 Industry Outlook
, here are the key takeaways to prepare for the year ahead.
By Compass Group on Sep 21, 2022
Not a manufacturer? This massive bill could
still impact your construction project.
In early August, President Biden signed the CHIPS
and Science Act, enacting legislation to help keep
more semiconductor manufacturing in the U.S. and reduce reliance on overseas production. The $52 billion CHIPS Act will subsidize U.S. semiconductor manufacturing and provide a 25% tax credit for companies that build facilities in the U.S.
By Compass Group on Jul 18, 2022
When the COVID-19 pandemic hit, remote
work became a way of life. More than two
years later, companies continue to realize the
benefits that a flexible work location can have
on employee productivity. And with 83% of workers
preferring a hybrid model, leaders also realize how offering hybrid options can retain and attract talent.
By Compass Group on May 18, 2022
Since the beginning of the pandemic in 2020,
the cost of building materials has steadily risen
alongside an increasing labor shortage. Supply
chain issues have caused a spike in costs and
severely extended the timelines for new construction.
By Compass Group on Mar 1, 2022
Construction is a historically male-dominated field.
With women accounting for approximately 47%
of the total workforce, supporting female construction
workers is vital for long-term industry growth.
According to data from the U.S. Bureau of Labor Statistics, women make up only 11% of the industry.
By Compass Group on Jan 26, 2022
Insights from the 2020 Bureau of Labor Statistics report on fatal construction job-site injuries.
The annual release of the Bureau of Labor statistics census of fatal occupational injuries is one of the best measurements of worker safety nationwide. The latest report shows that the number of fatal work injuries in 2020 was the lowest since 2013.
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