Utility Construction Outlook

For utilities and their service providers alike, the target “pace” to maintain a profitable return in real dollars has been set at the fastest level in almost forty years.

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In this paper, Dan Shumate, J.D, MBA Managing Director, Utility & Communications Infrastructure,
at FMI Corporation shares challenges and opportunities on these three major topics:

Utility & Communication Infrastructure Opportunity

  • Grid Resilience & Hardening
  • Partner to Energy Transition
  • Repair & Replacement of Aging Infrastructure

Headwinds Impacting the Installation & Maintenance of Infrastructure

  • Labor & Skill Shortages
  • Inflation
  • Procurement & Contract Challenges
  • Supply Chain

Meeting the Challenge: Development, Productivity & Innovation

  • Training & Development
  • Productivity & Innovation

excerpt from the outlook:

The consumer price index increased 9.1% year-over-year in June of 2022 and the companies serving the utility industry are challenged with growing profit at a pace greater than inflation to preserve purchasing power.

The companies that build and maintain utility and communication infrastructure have a daunting task; however, the opportunity to exceed the pace set by inflation is actionable due to current infrastructure needs, a long-term energy transition and the ingenuity that is thriving in the sector.

Keeping Pace

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