Question

The US economy is getting stronger through spending on new shovel ready construction projects. The proposed plan is to build out infrastructure and put people back to work. No matter what your political affiliations are, you have to like the news if you are in the field of construction. 50% of all the worlds construction will be in China over the next 5 years. The need for infrastructure, clean water, housing, affordable and renewable energy is clear.

.What burgeoning industries and construction sectors are worth investing in and developing educational emphasis on with the intent to populate those sectors with our own talent?

There is an opening market for talented EU graduates who can put this idea in motion. Can some of our fellow EU classmates find leads on work in these new industries? Can this industry evolution and progression present new opportunities for the prepared professional?

Answer 1

We need to look at forward and backward linkages of construction sector to find out what sector would be impacted positively because of the positive trend towards construction sector.

Despite globalization and the existence of an international construction industry, the majority of construction activity is still undertaken by local firms. There is a tendency among enterprises in construction (as in other industries) to outsource the supply of goods and services required in the production process. Building materials, plant and equipment are generally purchased or hired from other enterprises. Specialized services are supplied by subcontractors, and labour by labour agents. Design and engineering services are also provided by separate professional entities.

Manfacturing is the larges backward link industry for construction.

Digitalisation is important in evolution of construction. For this, technology firms need to grow at a rapid pace.

For construction, natural resources are required, and hence innovation in mining is welcomed.