Vertex CEO to Host a Webinar on the State of the US Construction Industry in 2022 and 2023

WEYMOUTH, Mass – July 14, 2022 —

The Vertex Companies, LLC (“Vertex”), is pleased to announce its upcoming accredited webinar. VERTEX’s CEO, Bill McConnell, will host his annual State of the Construction Industry report on July 19, 2022, during which he will discuss the state of the construction industry in the United States by the end of the year 2022 and in the year 2023. 

As a leading international, multidisciplinary engineering and consulting firm, Vertex took the opportunity to invite construction industry professionals to register for the webinar. Vertex has a rich professional services portfolio which encompasses forensic consulting, engineering design, construction advisory, dispute resolution, environmental consulting, and digital solutions. 

The construction industry has rebounded from the crisis of 2020 more swiftly than expected. This was followed by a growth spurt in 2021, and its growth remains strong in 2022. But with a new recession on the horizon, contractors, owners, and surety providers nationwide fear how this, coupled with dramatic global events, will impact their business. In his upcoming webinar, Mr. McConnell hopes to shed some light on the near future of the US construction industry and share peak insights with attendees. 

“For the US economy, 2022 has been a highly volatile year, as the population braces for the looming recession. The perfect storm of recessionary indicators is in place. The yield curve inverted. The equities market dropped by over 20 percent into bear territory. The FOMC initiated its QT program and scheduled a series of rate hikes. 30-year mortgage rates are at a 11+ year high. Inflation is at a near 40+ year high. GDP in Q1 was negative.”, said Bill McConnell PE, CEO of Vertex. 

“Labor force participation is at a near 45+ year low. Gas prices at the pump are at an all-time high and oil inventories are at an 8-year low. Supply chain issues due to COVID-2019 continue to persist. Geopolitical issues are on the rise due to Russia’s attack of Ukraine. All the while, the unemployment rate remains at a near 50+ year low and the construction industry is coming off two of its greatest growth years.”, he added.

Mr. McConnell will answer what far-reaching implications of these developments are to be expected in the second half of 2022 and 2023 to help fellow industry professionals prepare for the times ahead.

About Vertex: Vertex is an AEC firm that offers forensic, engineering, environmental, and construction advisory services throughout the globe. Vertex focuses on cleaning the environment, engineering and guiding the construction of communities, and solving complex challenges to provide a more sustainable, safe, and just world. ENR currently ranks Vertex as a top engineering design firm, construction/program management firm, and environmental firm. Vertex is also ranked as a “Best Firm to Work For” by Zweig, which underscores Vertex’s commitment to our employees. Additional information about Vertex’s growth strategy and solutions is available at www.vertexeng.com 

Contact Info:
Name: Lisa Dehner
Email: Send Email
Organization: The Vertex Companies, LLC
Address: 10911 Technology Place San Diego, CA 92127
Phone: 781.952.6032
Website: http://www.vertexeng.com

Release ID: 89078428

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