Construction industry stakeholders — including owners, developers, contractors, subcontractors and supply chain vendors — have experienced varying degrees of impacts as a result of the COVID-19 pandemic.
The nature of the impacts and extent of the ramifications are in large part dependent upon the location of both the respective businesses and underlying projects.
Direct impacts have ranged from a slowdown of available goods and labor through to suspensions and, in some instances, terminations of parties or entire projects. Construction activities remain in flux in some states and cities depending upon whether construction is classified as an essential business.
Jumma Technology has a solution to enable remote monitoring of the site – as well as remote inspection using very innovative solutions – AI-Construct. The solution uses advanced technology and artificial intelligence towards automation of these processes.
We would like to recommend some very good readings, on the risks:
- 6 Critical COVID-19 Risks for the Construction Industry by Gregory DL Morris | April 8, 202, in Risk & Insurance
- COVID-19 risks for construction owners – by Clay Gilge in KPMG
We all have been witnesses to the fact that the construction industry has been hit hard by Covid-19, which has thrown up a whole range of risks.
These risks are threatening productivity, supply chains and even future viability.
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