APRIL 2023CONSTRUCTIONBUSINESSREVIEW.COM6Recent years have witnessed the construction industry gradually shift toward precast concrete due to its ability to reduce cost and time while offering enhanced construction quality. This stems from the fact that precast concrete offers significant advantages over cast-in-place concrete, including a high tolerance to environmental factors, work-zone safety, and easier material handling, encouraging the construction industry to adopt the precast technique.Shifting consumer preferences, changes to industrial policies to align with growing environmental concerns, and constantly fluctuating raw material costs are some of the factors that heavily influence the growth of the precast industry. The precast concrete market is projected to reach USD 198.9 billion by 2027, growing at a CAGR of 6.6 percent from 2022 to 2027.This edition of Construction Business Review showcases the key developments in the precast construction sector and how organizations are leveraging the latest services and solutions to drive innovation. It features thought leadership articles from May Winfield, global director of commercial, legal and digital risks at Buro Happold, and Todd Mercer, senior vice president of Webcor. Winfield talks about the changing mindsets and renewed vigor palpable in the industry after the COVID pandemic and how this is influencing a push toward a general acceptance of digital trends in the industry. Mercer highlights technology's vital role in modern construction and emphasizes that failing to adopt new technologies poses a substantial risk to the industry.The issue also features Ola Precast, a leading provider of precast construction services. Specializing in thermal break panels, Ola Precast delivers an end-to-end service, helping customers holistically in their construction needs, from manufacturing to installation.In this edition of Construction Business Review featuring the leading precast concrete companies, we hope you find the ideal partner that fulfills your building construction needs and is a valuable asset in bringing your architectural ideas to reality.Let us know your thoughts!The New Normal in ConstructionEDITORIALCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsVisualizersJames D. PhillipsRobert MathewsManaging Editoreditor@constructionbusinessreview.comApril - 15 - 2023, Vol 03 Issue 03Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Email:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com
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