PRESS RELEASE: Hope for Construction Industry during COVID-19 Pandemic
Media Release
Date 8 April 2020
Hope for Construction Industry during COVID-19 Pandemic
A 2013 UK business strategies review suggests solutions for construction industry survival amid COVID-19 economic fallout.
The review gathered data and information from other studies from around the world regarding construction crisis management methods employed in response to economic recessions since the 1980’s.
In response to these findings, local Brisbane building company Director Bruce Mole of Thallon Mole Group said, “We found these methods reflect previous strategies Thallon Mole Group have implemented in past recessions,”
“The fact alone that we have implemented these strategies in past recession management and come out the other side reassures us that the methodology works.” Mr Mole Said.
“Upon re-evaluation of this review we will determine whether any findings will be suitable for implementation into our company contingency plan,
“We believe our longevity is evidence of what a swift and well researched approach can do,” He said.
Thallon Mole Group expect to continue their companies 20-year longevity throughout the coming hard months.
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Hope for Construction Industry
The review segments the methods by foreign companies into three umbrella categories supported by numerous sub-categories.
The three umbrella categories; Cost Leadership, Differentiation and Focus showcase different strategies a construction company can implement in response to a recession crisis.
The review creates sub-categories that suggest strategies covering areas such as marketing, operational/project management, restructuring, financial, HR/Personnel, procurement, technology/innovation and tendering/contracts.
This review may hold the key to enabling small, medium and large construction companies to consolidate their strength and weather the COVID-19 fallout.
Thallon Mole Group Website – www.thallonmole.com
Thallon Mole Group are small-medium sized high end residential and commercial builder located in Brisbane that has operated for over 20 years.
ENDS
Case Study: A Critical Review of Response Strategies Adopted by Construction Companies during an Economic Recession. – https://pdfs.semanticscholar.org/89f4/4914b67b577d2c2f1a53c4c16b1515d0a231.pdf
For further information:
Erin Nichol, Marketing Coordinator
Thallon Mole Group
Phone: 0466 660 693
Email: [email protected]
