Automating Business Processes Eliminates Waste in Construction Industry in Latin America

摘要

The Latin American construction industry will see renewed growth after three years of declines, according to Business Monitor International. Last year, BMI expected a real growth of 1.9 percent in the construction industry, which would lead to the first steps in recovering the 5.2 percent loss the industry suffered since 2014. Between 2018 and 2022, this real growth is expected to accelerate to an annual average of 2.6 percent. This sustained growth will be supported by an increase in commodity prices, private capital infrastructure developments through Public Private Partnerships (PPPs), a model that is gaining popularity in the United States, and the overall economic uptick described above.