McKinsey’s Next Normal
The latest McKinsey report is a great examination of how the current global events are accelerating change within the construction industry and its broader ecosystem. Titled ‘The Next Normal in Construction,’ the report describes a fragmented, risk-averse industry that has typically underperformed in terms of productivity growth, digitalization and profit, compared to other industries. It goes on to say that, in conjunction with the Covid-19 pandemic, the combination provides opportunities for already existing disruption in the industry to be bolder, strategic and begin to define what the resulting normal is going to look like.