Home / raising finance productivity and capability: the lean Raising finance productivity and capability: the lean 23/07/2021 For nearly 18 months, governments, businesses và families have sầu endured a once-in-a-century public health emergency. The world emerging from the global pandemic is very different lớn the one that entered it. Now as the post-pandemic recovery gets underway, world leaders are calling for the coming years khổng lồ be more than just a period of growth – but of renewal & positive change too. Governments around the globe have sầu called on the construction sector to lớn step up and serve sầu as an engine of wider economic growth. Taking stoông chồng of the construction industryOur 2021 International construction market survey takes stochồng of how the construction industry is doing, the challenges it faces – & the rewards on offer.You watching: Raising finance productivity and capability: the lean We examine how the strains imposed by diverging growth rates và intense competition for resources are placing speed bumps in the path of accelerating capital investment.Our regional teams of experts have sầu compiled detailed construction cost & sentiment data from 90 markets around the world, to lớn build up an unmatched picture of how the global supply chain is handling the surge in capital spending.We pinpoint where these two forces – rapidly rising demand và constrained supply – are colliding to drive sầu up input đầu vào costs và schedule risk.As the world’s eyes turn to lớn Tokyo for the delayed Olympic Games, our data reveals that the Japanese capital is the world’s most expensive market khổng lồ build in.Our top ten most expensive markets in which to build for 2021 also include Hong Kong, San Francisco, Thành Phố New York and Geneva. Responding to lớn complexityBut the challenging macroeconomic backdrop is only half the story. These are times of change & complexity for large organisations managing diverse capital programmes.Both public & private sector clients are juggling multiple, competing goals & priorities. From accommodating hybrid working patterns, to lớn embedding social value into lớn their operations & taking concrete steps towards net zero, in the new world success is no longer judged by the traditional mantra of ‘better, faster, cheaper". COVID-19 has caused seismic disruption to business, trade, supply chains và staff. Now, the combined impact of countries’ differing strategies to cope with the pandemic is causing a reconfiguration of the entire global economic landscape. The extent and pace of change over the past 18 months is unprecedented in recent times.The global economy contracted by -3.3 percent in 20trăng tròn, according lớn the International Monetary Fund (IMF), as COVID-19 forced economic activity lớn halt. But as of mid-2021, recovery was well underway, despite significant uncertainties remaining.See more: Download Sketchup 2015 Pro Full Crack, Sketchup Pro 20The IMF is forecasting 6.0 percent growth for 2021 led by India, Trung Quốc và the United States – all increasing substantially, by 12.5, 8.4 và 6.4 percent respectively.Nevertheless, the timeline to a full global economic recovery remains uncertain, as new COVID-19 variants result in major outbreaks & cause cases once again to surge. Currently, economic recovery remains highly uneven between countries, regions & industry sectors. Construction activity continues khổng lồ be heavily influenced by governments" response and handling of the COVID-19 pandemic, which is shaping an uneven recovery across the construction industry.Traditional growth sectors are waning, with COVID-19 accelerating growth in emerging and fast growth sectors such as data centres & distribution facilities. Rising costs of construction, supply chain disruption & skilled labour shortages, however, are quickly becoming the biggest barriers to lớn industry growth. Many construction markets have seen a marked increase in activity levels in 2021 as the global economy continues khổng lồ recover. This year’s survey paints an optimistic, yet cautious, picture for the construction industry. As activity accelerates, supply chain constraints are increasing và skills shortages are worsening, resulting in substantial construction cost inflation in many markets.Typically, higher price inflation occurs in hot or overheating markets. However, the unique situation that COVID-19 has presented has meant that higher inflation is being seen in warm, lukewarm and cold markets, partly due to lớn labour & supply constraints.Supply shocks continueOne of the biggest impacts the COVID-19 pandemic has had on the construction industry, driving inflation, is its ripple effect across global supply chains.Well over a third of our respondents said the pandemic has had a high or significant impact on their supply chains.While most manufacturers have sầu now resumed their operations, và supply chain networks have sầu adapted lớn the changing conditions, new supply challenges are being faced in 2021.The impact of these global supply constraints has been evident in the building material cost data collected in this year’s survey. Structural steel beams, reinforcement bar, softwood timber and copper pipe have all risen sharply, with an increase of up lớn 40 percent (year-on-year) being observed in some markets.See more: 20 Best Free Youtube Playlist: How To Download Youtube Videos In Bulk Download the report lớn access our full datamix and read our analysis of the global economic và construction landscape.