The U.S. engineering and construction industry is poised for continued growth, according to Deloitte’s 2023 Engineering and Construction Outlook. Key takeaways include:
- Industry segments will navigate market dynamics differently.
- Supply-chain constraints pressure margins, with four in five survey respondents citing supply-chain disruptions as one of their company’s top three challenges in the next year.
- Companies feel the pressure of a shifting workforce, with more than 82% of respondents identifying a tight labor market and an exiting workforce as top challenges.
- Emerging technologies build efficiencies, with 46% of respondents likely to invest in prefabrication and modular construction capabilities.
- There is an added focus on ESG (environmental, social and governance) and sustainability.
