![]() The shift towards sustainability is also a key trend within the industry and has forced builders to employ environmentally friendly approaches in construction. The introduction of such technologies has increased the overall product portfolio of the construction industry, providing them with more room to grow. Builders and engineers have started opting for 4D and 5D simulations to tackle the workflow challenges caused by the shortage of labor and scheduling problems. The advancement in technology is reflected in the recent developments in the construction material industry as well. The demand is expected to grow over the coming two years, which will further increase the shortage if left unmet. As per the Associated Builders and Contractors, there is a shortage of about 650,000 workers in the construction industry in the US to meet the current demand. Moreover, fewer workers were permitted on sites as a result of social distancing measures. Similarly, the labor shortage in recent years was also due to the border closures that prevented cross-border workers from getting to the job site. The industry faced supply chain issues due to excess demand, which followed after countries around the world lifted lockdowns. ![]() The construction material industry has faced some challenges in recent years, including supply chain issues and labor shortages. The health of a country's construction sector is directly related to the condition of that country's economy. The construction industry entails real estate, industrial, and infrastructure. According to McKinsey, the industry accounts for 13% of the world's GDP. The construction industry, which has a strong link to the materials sector, forms the backbone of economies around the world. You can skip our detailed industry analysis and go directly to the 5 Best Materials Stocks To Invest In. In this article, we will discuss the 13 Best Materials Stocks To Invest In.
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