Browsing: Supply Chain
The construction industry is at an interesting inflection point. Tariffs and fluctuating energy prices are beginning to reshape how projects are planned and executed. While some developers are pausing to reconsider projects amid escalating costs, others see opportunity in the shifting landscape.
Like many industries, steel experienced significant turbulence during the pandemic—primarily driven by unprecedented demand. The surge in demand for steel products, including joists, decks, and beams, significantly stressed production and fabrication capacity. The industry’s ability to quickly adapt to market demands was hindered by the sheer volume of requests, making it difficult to meet pre-pandemic project timelines.
STOBG actively engages with regional construction professionals to monitor cost and construction trends as they develop and seeks to inform and engage with others in the commercial real estate industry so that we may all better understand the daily reality of our markets.
With a robust network of over 4,700 construction professionals, the STO Building Group is rich with experts spanning all facets of the construction industry. That means local project teams can readily access that companywide expertise and experience for the benefit of their clients and projects. Here, we highlight just a few of these experts and their areas of specialization.
Issuu reader embeds
With positive trends emerging during 2023 in tenant interior projects across the nation and the supply chain slowly returning to pre-pandemic normalcy, predicting the median costs of a construction project remain a top priority. Our experts have analyzed real-time data from our own projects to help pinpoint trends in various markets and help look ahead at the future. Read more of these real-time findings in our July 2023 Construction Cost Report.
As supply chain challenges continue to evolve, our team is dedicated to keeping you informed of the latest developments. Read more of their insights in the December Supply Chain Market Update.
The good news? Commercial leases are back on the rise, and the data center and industrial sectors are going strong. The not-as-good news? That means certain materials will continue to have long lead times. Learn more about the state of the global supply chain in our September Supply Chain report.
Have you considered the significance of a product’s bar code when you shop at a supermarket?
The 50-year-old invention contains a standardized product number essential to the operation of the whole value chain: the retail store, the distribution center, the transportation company, the warehouse, the vendor, and the producer.