How can we embrace the future in the post-pandemic era?
The impact of the COVID-19 outbreak on China's real estate and construction industries is still ongoing. Over the past year, markets are still grappling with the COVID-19 pandemic and its impact. Common issues such as labor shortages, material shortages, and supply chain disruptions remain the primary factors driving up China’s renovation costs in 2021.
While a number of factors have contributed to the increase in construction costs in 2021, such as supply chain disruptions and rising raw material prices, there are signs that these are not necessarily related to the pandemic. China's response to the outbreak is slowing as the market gradually returns to "normalcy".
As the mobility of workers in China's personnel construction industry increases, the labor shortage faced by markets that rely on foreign labor will be alleviated. We also observed a renewed commitment to sustainability in the industry, with continued upgrades of office space to enhance the workplace experience for employees.
We hope this 2021/2022 China Tooling Cost Strategy will provide you with helpful information for capital expenditure planning and help you make informed decisions.
For more information, please contact our professional team.
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Burnout syndrome is an occupational phenomenon caused by long-term work pressure and emotional stress, which affects more and more people every day. This is not only related to the operational aspects of the job, but also to the physical environment.
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