SUMMARY
Businesses in the construction industry face unique risks every day, from a wide array of sources. IMA’s Threats & Opportunities newsletter helps keep construction leaders apprised of events and actions in the political, economic, social, technology, legal and environmental spheres which may have a current or future effect on business.
This report provides updates at both the local and national level, including rankings of the actions’ potential impact on businesses in the construction industry.
POLITICAL IMPACT
North Texas’s Transportation Industry continues to benefit from the United States’s proximity to and alliance with Canada; its Construction Industry likewise may benefit from the commensurate need for housing, amenities, and manufacturing space.
The Federal Government’s willingness to spend on the military also appears to be helping sustain the region’s growth trends.
ECONOMIC IMPACT
North Texas’s Construction Industry might take note of these stories out of Denver as to, on the one hand, how difficult it now is to sustain a profitable restaurant, and, on the other hand, how tech companies continue to expand their footprint.
Credit unions and their need for space; an interesting consequence of the shipping boom.
SOCIOLOGICAL IMPACT
Wichita has leveraged itself with respect to the country’s continued love of baseball; might there be untapped demand in North Texas to do the same?
United States-based apparel, including denim, looks to be withstanding, and possibly defying, the country’s uncertain politics and economic policies; one effect may be a growing need for manufacturing space.
TECHNOLOGY IMPACT
Air taxi skyports and bullet trains: discussions as to feasibility continue.
Who would have thought shipping containers would become an integral component of our country’s development?
LEGAL IMPACT
Worker injuries: a reminder to stay vigilant during this period of growth.
Might there be certain stretches of North Texas’s roadways worthy of this safety measure being implemented in Michigan?
ENVIRONMENTAL IMPACT
NIST Report on disaster resiliency: a must-read for the Construction Industry.
A glimpse out of MIT as to how challenging it will be for the Construction Industry to stay abreast of the creative minds of our future engineers and architects.