Preparing to Compete in the Fourth Industrial Age

The fourth industrial revolution is well under way. Characterized by advancements in automation, digital technologies and predictive analytics, organizations across a wide-spectrum of industries will face and must embrace change as the new reality. From planning to performance, the active ingredient to making needed transitions at an operational or individual level involves context—a clear connection to and understanding of the “why?”

While the next reality may not be fully understood, what is clear is that it will be different. A post-COVID economy will likely involve an accelerated transition to automation and next-generation technologies. Combined with advancements in predictive analytics, the building industries are poised for disruptive innovation and seismic shifts in operational practices unlike anything previously experienced. The net outcome is a fluid and dynamic environment characterized by never-ending change. As trades-oriented business owners and executives prepare to compete over the next decade and beyond, it’s no longer about setting coordinates on targeted landmarks. The near-term challenge involves building operational resiliency within and preparing internal resources for real-time adjustments in response to what promises to be a constantly evolving marketplace as well as consumer demands.

Throughout the construction industry, there will be many changes over the next five years involving the workplace and the workforce. The workplace will become more automated as digital technologies are developed and integrated into practice. The workforce will transition from its current makeup to one primarily comprised of millennials and generation z employees—those born after 1981 and 1996, respectively. As a result, the skills required for success as an operational manager or supervisor must evolve, as well. The key to success in frontline roles going forward is influence—not authority. It’s far more about leadership and less about management from a traditional perspective.

During the webinar, we’ll:

• Provide a glimpse into what a post-COVID-19 construction industry will look like in three to five years
• Highlight executive leadership’s role in making needed transitions
• Outline development needs for first or frontline managers

This webinar will help contractors prepare for the fourth industrial revolution by reducing turnover, improving employee engagement, developing strong and effective leaders, and building business resilience and continuity in the face of shifting challenges.