It should come as no surprise that the COVID-19 global pandemic hasn’t impacted all industries equally. Some businesses, including department stores, traditional restaurants and childcare centers, have suffered devastating losses as a result of stay-at-home orders and social distancing protocols; others, such as food delivery businesses, digital advertising agencies and subscription services, are experiencing unprecedented surges in sales.
Unfortunately, the construction industry has been disproportionately impacted by the crisis. Normally, the early spring is an exciting period in which contractors are building crews and doing a lot of planning for the busy season—but COVID-19 has changed everything. Price increases and project delays are becoming commonplace, and in some cities, such as Boston, construction projects have been banned altogether. Click here to read the entire article.
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