Volvo took a hard look at the construction industry's productivity problem and found that despite the construction industry being one of the largest industry sectors in the world, its measured productivity grows just 1 percent each year. Compare that to the manufacturing sector's growth of 3.6 percent.
Volvo also found:
- Seven percent of the world's working population are employed in construction
- 57 percent of time on construction sites is spent on unproductive activities
- Low productivity costs the construction industry $1.6 Trillion every year
The fix? Here are Volvo's Top Tech Trends to Boost Construction Productivity