Healthcare was one of the hardest hit industries during the coronavirus pandemic and is now struggling under the burden of a weak economy. Escalating expenses, declining revenues, and staffing issues continue to plague providers, making it difficult to create environments that deliver high quality care and better health outcomes.
The coronavirus pandemic — and the current onslaught of viruses — has had a definite impact on the housing market and on the way consumers view real estate transactions. To keep pace with health and safety recommendations, many real estate teams moved from real-time to virtual viewings and closings. This shift made the buying and selling of homes more efficient for all parties, so many of these processes are here to stay.
Owners of towing and roadside assistance businesses are feeling the crunch as the economy continues its downward trajectory. In particular, many towing companies are dealing with the pain of staff shortages as they struggle to find — and retain — good drivers. These shortages mean logistics are even more important than ever, with customers waiting fourteen — or more — hours to get towing assistance.
Like other industries, the practice of engineering has increased in complexity over the years, in part due to wide-ranging compliance issues arising from entanglement among the areas of liability, technology, and regulation. Advances in technology have made it possible for once local engineering firms to broaden their service areas to include surrounding states or even nationwide coverage. Of course, with this expanded reach comes an increase in regulatory requirements, making document retention an essential part of proper compliance — and protection in the event of legal difficulties.
It’s not news that the coronavirus pandemic affected the automotive industry, causing car dealers to struggle to keep a full inventory of new cars on the lot. This shortage of new cars drove up the price of used cars and motivated more consumers to choose a used car over new when purchasing a vehicle. This may seem like a boon for auto repair shops that make revenue on repairing used vehicles, but the opposite is true. Now, auto body shops are feeling the supply shortage pinch as well, as aftermarket industries bend under parts and labor shortages.
Architecture, Engineering, and Construction (AEC) companies are facing a decision: How to proceed forward in an economy where efficiency, cost management, and risk management are key? Historically, the AEC industry suffers from inefficiencies and difficulties founded in miscommunication as they deal with siloed departments and offices that use various systems to support daily functions. This produces a number of problems that have a direct impact on bottom lines, including:
Many gyms and health clubs were hard hit by the coronavirus pandemic when widespread health and safety protocols caused many to close their doors. As the country continues to reopen, health clubs are finding that consumer attitudes have transformed, making it more important than ever for clubs to make the customer experience a priority.
Only one thing was certain over the last year — and that was that change is constant. Across all industries, changes wrought by the ongoing pandemic brought great challenges, but also unexpected opportunities. And nowhere was this more evident than in the manufacturing industry, where according to one survey, nearly all players saw their business suffering long-term effects from the pandemic. In response to these changes, however, 91% of manufacturers have increased their interest — and investment — in digital technologies to fuel a transformation.
While many areas of the hospitality industry saw reduced revenues as the coronavirus pandemic continued to wreak disruption, one segment of the industry learned how to thrive. The segment? Country clubs. The secret to their success? Innovation.
Architects and their staff have always relied on tools to create projects and plans that illustrate good design and help their clients live, work, and play in better, more cohesive environments. But the industry has come a long way since the advent of the drafting table, compass, and mechanical pencil. Today’s busy architectural firms rely on a host of forward-looking tools and technologies that increase design capabilities and make daily tasks easier and more frustration-free.