1、2023 Global Construction Survey Familiar challenges new approachesForewordThe 2023 Global Construction Survey finds the industry in a cautiously optimistic mood,as the combination of widespread government infrastructure stimuli,the renewable energy revolution,increasing capital investment in strateg

2、ically important sectors,and a post-COVID-19 pipeline create excellent opportunities for engineering and construction(E&C)companies.At the same time,the industry faces a continuing volatile environment,with continued supply chain disruption,rising inflation of energy,materials and wages,labor shorta

3、ges and a possible recession,which could have a major impact on certain subsectors.Meanwhile,the perennial challenges of poor project performance,low productivity,and costly major project failuresand high-profile industry bankruptciescontinue to dog the sector.Environmental,Social,and Governance(ESG

4、)presents both opportunities and risks.On the positive side,the shift to a low-carbon,biodiverse,circular world can drive infrastructure and construction spend and bring competitive advantage,improved ROI for forward-thinking,diverse,and purposeful businesses,who should be top of the queue for both

5、capital and new talent.However,ESG also brings rising scrutiny and compliance requirements,as well as pressure to reduce embodied and operational carbon footprint,waste and pollutionat pacethat could be costly and presents significant and multi-dimensional obstacles.The technology dilemma persists,a

6、s both project owners and,particularly,E&C companies ponder where to invest and how to find the substantial sums needed to become digital leaders.Some of the key breakthroughslike modular/offsite manufacturingare still relatively low-tech and,if not widespread,are definitely gaining momentum.Accordi