
The construction industry has been historically resistant to change, and this resistance has slowed down the adoption of new technologies and modern methods of construction (MMC). According to an article in Construction Europe, the industry has been slow to change due to a variety of factors, including "a lack of awareness of new technologies, the high cost of investing in new equipment and training staff, and a reluctance to take on risk."
The article cites a report by McKinsey & Company, which found that "the construction industry is one of the least digitised sectors in the world," and that only 1% of construction companies have implemented a fully integrated digital strategy. The report also found that the construction industry has been slow to adopt new technologies due to a lack of understanding of their benefits and how they can be integrated into existing processes.
Furthermore, the article notes that the construction industry is often resistant to change because it is a highly fragmented industry, with many small businesses and subcontractors. This fragmentation can make it difficult for new technologies and processes to be adopted industry-wide.
The article concludes that in order for the construction industry to embrace new technologies and MMC, there needs to be a cultural shift towards innovation and a greater willingness to take on risk. Additionally, there needs to be more investment in training and education to help workers adapt to new technologies and processes.
See full article from Construction Europe here