INDUSTRY NEWS
the spread, GlobalData has further adjusted the outlook for
the 91 countries covered.
Richards said, “In the short term, there is a high risk of
projects in execution being halted because of lockdowns, a
lack of materials and other supply chain disruption. Projects
at pre-construction stages will be severely delayed, given
likely disruption in processing building permits, tendering
and awarding contracts.”
Based on the latest updates of mega projects being tracked
by GlobalData, global construction momentum has slowed
considerably – GlobalData’s Global Construction Projects
©2020 Simpson Strong-Tie Company Inc. RPSUW16
During the COVID-19
pandemic, global
construction momentum
has slowed considerably
Momentum Index (CPMI) score (adjusted) dropped to 0.39,
from 0.46 in Q4 2019. The unadjusted score plummeted
to a low of 0.22, reflecting the severity of the impact of the
COVID-19 outbreak on construction projects.
Richards said, “Given the extent to which the crisis intensified
across the world in March, with many major markets
in effect shutting down, the Global CPMI score dropped into
negative territory, falling to -0.05.”
CONTINUED ON PAGE 84
Don’t replace.
Repair in place.
Watch How to Install FX-70® Jackets in Water at strongtie.com/videolibrary
and subscribe to our YouTube Channel at youtube.com/strongtie.
With 40+ years of proven performance,
our FX-70® Structural Repair and
Protection System repairs concrete,
steel and wood piles in service
without dewatering while protecting
against further deterioration. From
custom-manufactured fiberglass
jackets to underwater epoxies
and cementitious grouts, we have
cost-effective, practical, long-term solutions for
your repair projects.
Since 1956, Simpson Strong-Tie has
brought innovative solutions to customers’
construction challenges. To learn more
about our products that repair, protect and
strengthen, visit go.strongtie.com/rps or call
us at (800) 999-5099.
SSTM-RPSUW15_7_1-8x4_3-4.indd 1 5/26/20 1:49 PM
VISOOT/123RF
82 Q2 2020 www.pilingcanada.ca
/profile_visoot
/videolibrary
/strongtie
/rps
/www.pilingcanada.ca
/strongtieSST
