GOT MATERIAL PROBLEMS?
The price of commodities of all types has always been a roller coaster ride. Prices go up when supply is short and down when products are abundant. But like most things that happened in 2020, you can blame COVID for magnifying this cycle to critical levels.
Innova Technologies will be reporting on the AEC industry materials that were most affected, the causes behind the shortages, and innovative ways to keep your projects on track and budget.
Throughout this four-part series, we will focus on steel, concrete, lumber and manpower shortages. Let us know what materials you are most interested in learning about by clicking on one of the links below, and we will send you the information.
THE RISING COST OF STEEL AND WHY
Steel reached an all time high, with many factors contributing to the shortage of product, but the cause of the deficit is much more complicated.
Like most materials, lumber rose to his- toric levels, only to have the bubble burst pop and give up all of its gains. But how did the bubble happen in the first place?
A SLOW POUR
Concrete is the foundation of almost everything, used widely throughout the AEC industry. Will the bidding wars continue driving the prices higher?
As industries rebound from the perils of 2020 and the ongoing pandemic, jobs are plentiful but skilled workers are not.