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Construction Industry Looks to 2023

CFO News Room

As 2022 closes and 2023 begins, we spoke with the members of our senior sales team for the construction industry to get their thoughts on the challenges construction companies will face in the new year. They have been through many business cycles and have seen construction businesses thrive, survive, and fail.

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Saudi Arabia: The Corporate Bet

Global Finance

With just five years remaining on its ambitious Vision 2030 program to modernize and diversify away from its economic dependency on oil, the worlds biggest petroleum exporter and the regions largest economy is nearing a crossroads. Foreign direct investment (FDI) has tripled, and the number of investors has increased tenfold.

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The UK Construction Sector’s B2B Payment Practices Crumble

PYMNTS

28) concluded that 55 percent of companies in the construction subcontracting industry feel powerless to influence the payment terms of their contracts with larger construction companies. That’s more than the number of small subcontracting firms that say skills shortage and U.K. Research published Monday (Nov. ”

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Home Construction Rebounds In May, But Trouble Lingers

PYMNTS

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. But last month’s numbers are 8.8 For the first time since U.S. Census Bureau and the Department of Housing and Urban Development. Building permits in May increased by 14.4

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Collapse in Prospective Home Buyer Traffic

Barry Ritholtz

The caveat these days is that a wicked combination of events — falling new home construction post-GFC, the pandemic purchase spree, and the low available inventory have made it more difficult to read into the usual home data. Nowhere is this easier to see than in mortgage rates and their impact on home purchases.

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UK company insolvencies rise 70% in past year

Accountancy Today

Mazars said the figures come in the face of the highest interest rates in 13 years which have made businesses’ debts more expensive to service and has led to an even greater number of indebted businesses falling into insolvency.

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Walmart Ramps Up Warehouse Construction

PYMNTS

That will put the total number of Walmart’s eCommerce-only fulfillment centers to 10, according to Justen Traweek, vice president of eCommerce supply chain and fulfillment. That expansion is partnered with Walmart’s other recent upgrades, including automated product sorting and improved item tracking. .