The role of construction has changed dramatically in recent years. Growth in the developing world, increasing numbers of megaprojects, large-scale investments in infrastructure and globalization of the industry are adding complexities to projects. Fragmented and sometimes inadequate workforces, uncertain regulatory frameworks and political climates, and the inescapable rise of technology have resulted in a host of interconnected risk landscapes that impact each other in difficult and unpredictable ways.
To gain deeper insight into to this dynamic risk environment, Willis Towers Watson recently launched its Construction Risk Index, a boardroom view of the industry as seen by 350 senior executives from across the globe. As part of this comprehensive study, we asked the executives to rank the greatest threats to their businesses – both today and ten years from now. We asked them about their attitudes toward 50 specific risks from five megatrends. Subsequently, we conducted in-depth interviews to gain greater insight into the challenges they face. The result offers a deep look into the concerns and expectations of construction leaders and highlights the most significant megatrends that will shape the future of the industry.
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