Engineering companies nationwide face labor constraints for experienced professionals to deliver work, continued supply chain disruptions, and construction labor and materials shortages caused by the Covid-19 pandemic. Moreover, economic conditions grow more challenging with elevated inflation, higher interest rates, and concerns that the U.S. economy is on the brink of a recession. Yet the top 10 publicly traded A/E/C companies are experiencing increased revenue through organic growth and expect more growth in 2023, although some do maintain their caution for the year ahead. Their strategies provide insights for companies of all sizes.

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January typically prompts business planning for a new year. However, since early 2020, the Covid-19 pandemic has made business planning and operations much more volatile. While we all have learned to be more resilient to thrive, it is difficult to gauge when companies will experience more stable economic conditions. This article offers some insight into economic conditions and how to position your company to continue to be successful in the coming months.

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The economic downturn caused by the Covid-19 pandemic has affected design and construction firms around the United States, whether by stopping or slowing projects, triggering overnight switches from normal business operations to working from home, or its tolls on personal, physical, and emotional health. As the pandemic wears on, businesses are finding ways to overcome these setbacks. Yet, most experts expect that real recovery may not take place until 2022. This article points out strategies that can help your firm be resilient over the near term and positioned for continued financial success. …