Category: Construction Business
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Strong Takeaways on Canada’s Bankruptcy Landscape From the head of Fasken’s insolvency-restructuring practice
As U.S. companies struggle to survive through the pandemic, their counterparts in Canada are facing similar challenges. Given the huge overlap and dependency on the two neighbouring economies, this might be a good moment to hear from insolvency advisers at leading Canadian law firm Fasken. This week’s Blog hears from Stuard Brotman, the head of Fasken’s insolvency-restructuring practice, to get his thoughts on the impact of COVID-19.
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Why Autonomous Drones are Now Crucial to Business Continuity
More and more, the construction industry around the word is turning to autonomous drones and other remote autonomous and robotic solutions to help ensure business continuity during this current time of crisis. This week’s Blog takes examines how the use of an automated UAV (unmanned aerial vehicle) can benefit your company’s work site, particularly as your workers may be kept at home during the pandemic.
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Adversity Sharpens the Edge
With the unprecedented spread of COVID-19, our world and industry are confronting major adversity. But adversity always has a purpose and, on the back end of any major problem, issue, setback, or challenge, there is always an opportunity for greater perspective and progress. This week’s Blog from noted business advisor Mark Breslin speaks on the crisis we currently face and provides some perspective on what’s waiting for us on the other side.
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The Five Best Tech Opportunities for Construction Companies
Traditionally, construction has been considered one of the slowest industries to adopt technology, whether that is because of the culture of construction or due to the razor thin margins where first funding priorities are typically set aside for equipment and personnel. This may be changing, however, as a new generation of construction professionals begin to disrupt how the industry functions. This week’s Blog examines five technology opportunities that construction companies should have on their radar.
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This Too Shall Pass What Will Life Be Like on the Other Side of COVID-19?
As the COVID-19 pandemic crisis continues to unfold and evolve, it is natural to focus on the more complex and immediate issues that are impacting everyday life. But a group of Stikeman Elliott partners recently took a step back from the daily challenges arising from this new normal to reflect on how COVID-19 might change the world over the longer term, offering a different perspective that focuses on the rapidly developing social and economic trends that are destined to shape our reality over the coming decades.
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How to Position Your Construction Business for Any Economy
Failing to plan for the inevitable, cyclical economic slowdown is one of the biggest mistakes a contractor can make. Contractors need to create sustainable businesses that can thrive when times are good — and survive when times are bad. This week’s Blog talks about the warning signs you need to be aware of in order to make the necessary adjustments to begin positioning your company for a much different economy than perhaps you’re used to.
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How to Rise to the Challenge During a Pandemic
Spirits were high at the beginning of 2020 as people were looking forward to a new year full of possibilities. Now, the mood has shifted drastically as the world has descended into chaos with the emergence and spread of COVID-19. This week’s Blog takes a look at the global pandemic and at what firms can do to ensure that they are able to rise to the challenges posed by coronavirus.
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The Impact of pandemic on Construction’s Supply Chain: A New Risk Profile
There are many risks in today’s dynamic construction economy and just when you think you have wrapped your arms around the known risk areas, a new one shows up at your doorstep. The most recent is the current global epidemic sweeping Canada and impacting your supply chain; COVID-19. This week’s Blog takes a look at the efforts of the Canadian Construction Association and its recent webinar, Coronavirus and Supply Chain Implications in Construction, in keeping industry informed during this quickly evolving crisis.
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We Need More Women in the Trades A looming shortage of apprentices means lost profits and paycheques for Ontarians
The trades in Ontario – and across all of Canada – have been experiencing the crunch that comes from not having enough people to fill vacant positions. This means that companies are turning away business opportunities because there simply enough people to get the job done. This week’s Blog, takes a look at one of the solutions to bridging the workforce gap; that is encouraging industry to work together in bringing more young people – women in particular – into the skilled trades..
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Leaning Into a Culture of Continuous Improvement
Companies interested in applying lean to their operations, must first implement the right tools and instil the belief of lean principles into their organization’s culture. This takes a commitment in providing the tools and training that will allow your organization to succeed, as well as the leadership to see the process through. This week’s Western Exteriors Blog from Chandos Construction, takes a look at what’s required for the adoption of lean and the benefits in doing so from a company that has experienced this transformative manufacturing process.
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