The economy is still weak and slowly recovering and many businesses are still struggling to keep afloat. So what are many businesses doing to survive? Businesses that aren’t already large and able to absorb losses anyways (though that definitely helps)?
What many business owners will tell you is this: that to survive they are making their operations more lean, flexible and efficient. Business are making do with less and so they have to adjust their approach accordingly. In addition to cutting costs and eliminating unneccessary waste where needed, businesses are also adopting more flexible operations to enable them to change directions quickly if needed.
We’ve talked about this issue before, especially as it relates to modular construction, since the rapid growth of the modular construction industry in the past decade could be seen to be partially a consequence of a weak economy.
So how does modular construction allow business to be more lean and efficient? There are several ways in which it does this. Modular construction is a different way of doing construction in which building modules (universal panels and connecting frames in our case) are manufactured in a factory and then installed at a build site. So the construction method allows for rapid delivery and assembly, enabling business to open a location or enhance a workspace in a shorter amount of time than with hard construction.
Once installed, modular buildings can be altered or even relocated or removed just as easily as well, owing to their universally interchangeable design (unless it is a custom piece). So if a business needs to change its operations, for example, if a pharmaceutical company needs to close a facility manufacturing an old drug to make room for entering a new market, the company can easily repurpose its old modular building to meet these needs without having to deal with costly, messy construction.
These construction methods, upon saving time and resourcers, tend to make the projects more cost effective as well. The combination of these time saving and cost effective construction methods and eco-friendly, energy efficient building designs allows businesses to further cut costs and reduce company downtime due to moving locations, opening a branch, or re-organizing a workspace, making these businesses all the more competitive in a tough economy.