Adaptation is the name of the game in business today. Technology is growing at neck-breaking speed and much of the U.S. economy is booming, including the construction industry as a whole. According to a report from the Equipment Leasing and Finance Foundation, the construction industry had record spending in 2017, and they further predicted a 5 percent increase for 2018. The report credited the increased spending largely due to the natural disasters creating an increase in work.
Just as 2017 saw some major weather and catastrophic loss events, like Hurricanes Harvey and Irma, wildfires, tornado outbreaks, and major flooding events, 2018 has had its own array of destruction. As this article is being written, California is experiencing the deadliest wildfire in the state’s history. This fire comes on the heels of major hurricanes striking North Carolina and southern states like Florida. It will likely take years to recover from these disasters. There have also been tornado outbreaks and major winter storms in various parts of the country. The Weather Channel reported the U.S. experienced $6 billion in damage just in the first half of 2018; there is no telling what the total will be once the rest of the year is added.