Sam Barr, Director of Knowledge Mobilization at the Global Infrastructure Hub, sheds light on the criticality of incorporating sustainability practices in the construction industry. Barr discusses the positive changes contractors make in procurement, materials, and supply chains to align with broader sustainability goals. He emphasizes the need for construction leaders to prepare for macro trends like the UN Development Goals and net-zero targets and how technology, particularly InfraTech, can act ascatalysendustry’s future. However, full adoption of InfraTech remains challenging, requiring government support through regulatory frameworks. Tune in to learn more about the positive workplace diversity changes and the essential role of long-term planning, talent development, and investment in innovation for the industry’s sustainability and success.
Nailing It: Key Takeaways from the Podcast
- Construction companies and leaders must focus on incorporating sustainability into their practices, including changes in procurement, hiring and workforce diversity, materials, and project delivery methods.
- Contractors in the construction industry are already changing procurement, materials, and supply chains to address broader goals such as sustainability and social requirements. This positive proactive approach indicates a willingness to adapt to upcoming changes.
- Workplace diversity is an area where many contractors are making positive changes. Embracing diversity within the contractor base is important for the industry’s overall progress.
- Continued innovation and technological development are necessary to achieve clean energy transitions and meet net-zero targets.
- InfraTech (Infrastructure Technology) is gaining recognition as an enabler for the construction sector. However, its full adoption is yet to be embraced, and governments need to provide regulatory and policy frameworks that support innovation and incentivize its uptake.
- The agriculture sector’s early adoption of technology demonstrates the competitive advantage it gained despite challenging conditions.
- Long-term planning is critical for the survival and progress of the construction industry. Lack of available skills and talent is a significant global risk to infrastructure projects.
- Infratech offers benefits like addressing cost overruns, improving cost estimation, and leading to more efficient spending.