How to beat stagflation
Two ways the construction industry can adapt to preserve its future , according to John Meibers
Inflation is on everyone ’ s mind , and for the construction industry , its impact is taking shape in several ways . One is through stagflation , the state in which sales remain constant , while costs continue to rise . To share more on this topic , we speak with John Meibers , Vice President & General Manager of Deltek ComputerEase . “ I have been in the construction industry for nearly 35 years ,” John begins . “ During the first decade , I worked for a large contractor , and since then , I have been running the ComputerEase team .”
John expresses his knowledge on the current state of the construction industry , and cautions companies against the aftermath of the Covid-19 pandemic , and the ways in which it is impacting the construction industry . “ Often , in times of economic fluctuation , construction doesn ’ t always follow the rest of the world . We tend to fall slightly behind in everything , from feeling the impact , to a downturn in the economy . Certainly , some of what we are facing in 2023 , in addition to the backlog , is that sales remain consistent , but the cost of materials is increasing , which means we are making less profit on the same work .”
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