CXO Dispatch | Carlos Guerrero - The Growth In The Construction Industry

Even though construction remains one of the oldest industries in the world, it is one of the few sectors that are still growth-receptive. Over the years, technology has influenced the construction process, which has resulted in sustained growth for both leaders and newcomers. For instance, the adoption of advanced techniques such as modular construction and 3D printing, significantly improves efficiency and reduces costs. According to Carlos Guerrero, the future appears even brighter as technology takes a turn for the better with the rise of Artificial Intelligence (AI) and commitment to a green and safe environment, creating an opportunity for the industry to explore its unlimited growth potential.

Carlos Guerrero, a renowned figure in construction and the driving force behind Cutting Edge Innovative, a high-end custom home development and commercial construction company, foresees a steady 5% growth rate annually for the next five years. However, despite this growth, the industry is currently facing several difficulties.