Last month, McKinsey & Company published a comprehensive study of the growing impact of modular construction in the U.S and Europe. Titled, ‘Modular Construction: From projects to products‘, the study puts into focus what the commercial modular industry has long held to be the case. Namely, that modular can deliver projects 20% to 50% faster than site construction methods while also reducing project costs up to 20%. The report cites the technological improvements, economic demands, and the changing mind-sets that is drawing significant interest and investment which has the potential to vastly change the way projects are built today. The study goes on to show how a shift to modular construction could have a significant positive impact on global productivity by accelerating and compressing the project timeline while alleviating the impact of labor shortages in many areas.. The full report is available for download here.
Friday, 05 July 2019