COVID-19's Impact on the Construction Industry

Coronavirus is a type of virus which causes infection in the respiratory tract. Coronavirus disease is a fatal disease which originated in the Wuhan city of China. After which it started spreading throughout the world. On 30 January 2020, the disease was declared as a pandemic by the World Health Organisation. All the industries, from small to large are badly affected due to coronavirus. This slowed down the economic growth of all the countries badly. Japan is the first country to be declared officially to fall into recession.

In this article, we will discuss the impact of COVID 19 on the construction industry. But before we begin, we would like to introduce that we are one of the leading construction industries in Delhi. If you have any requirements regarding scaffolding on rent in Delhi, you can contact us.

Delay in Construction Projects and Supply Chains

To save people from this pandemic, all the countries introduce a temporary lockdown. This temporary lockdown has put all the construction projects on hold. Moreover, this temporary lockdown also impacted the supply chain of the construction industry. Besides this, many production industries shut down the production of construction material for a fixed period of time. Moreover, the import and export of construction products have also been affected. Also, limited public transport and travel bans have affected the supply chains of the construction industry.

Health and Safety of the Workers In Construction Industry

The government made social distancing mandatory in order to save the people from infection. This also helps in controlling the spread of coronavirus infection. Due to this a decrease in the strength of workers has been seen in construction industries. This in turns slowed down the rate of completion of the projects. Due to this, the construction industries suffered from financial loss.

Distorted Demand

Due to the novel coronavirus pandemic, a decrease in the demand in the supply chain has been seen in the construction industry. Due to this, the production rate in the construction industry has decreased by 20 - 40%. This impacted negatively on the contractors. The contractors may face the following challenges due to the coronavirus outbreak.

● Lack of payments for current projects.

● Difficulty to invest in the upcoming projects.

● Difficulty in import and export due to travel restrictions.

● Delay in payments.

About Winntus

Winntus is one of the leading scaffolding manufacturers in Delhi. We have been serving since 1999. Besides a manufacturing company, we are also one of the best service providers in the same domain. If you want shuttering products on rent, you may contact us. We will provide you with high-quality scaffolding products.