Intelligent CXO Issue 42 | Page 45

INDUSTRY UNLOCKED

How the construction industry can take inspiration from retail logistics

The construction industry faces many challenges daily , but one that must be addressed is the slow adaptation of new processes to help make sure that projects are efficient . A sector that construction can look to for inspiration is retail , where new strategies are constantly being implemented to meet consumer demands and stay current . Wincanton , an expert in construction logistics , identified six strategies that the construction industry can take from retail and incorporate to push the industry forward .
Embracing emerging technologies
A key factor for construction falling behind other industries is the failure to understand and adopt new technologies . Retail has added Artificial Intelligence ( AI ), the Internet of Things ( IoT ) and advanced data analytics to streamline monotonous operations such as optimising delivery routes and managing stock .
Similar investment into these technologies could significantly impact the construction sector . Many processes within the sector are still done through paper processes , which can be arduous and slow projects down . However , adding modern tech can help project management be more centralised into a single curated platform , increasing progress visibility and reducing deadline delays .
Optimising the supply chain for efficiency
Within retail logistics , the biggest concern is ensuring that consumers ’ buying experience is seamless . Customers receive real-time updates on the delivery status from the moment of purchase . This is something that infrastructure projects can take inspiration from with datadriven insights .
These insights can provide a much more efficient solution to supply chains , from the very beginning with procurement to managing the inventory available and minimising delays from shortages of materials . A more proactive approach , like breaking down the data gathered about processes within construction companies , can www . intelligentcxo . com
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