“We do feel like things will get better in 2024; however, for the off-highway market, it’s still operating with caution,” says Walt Collier, Americas commercial sector manager, Chevron.

On this episode of The Dirt, Collier outlines the challenges and opportunities the construction industry may face in the year ahead. He points to continued supply chain obstacles and fluctuating earnings due to those variable costs.

Despite that, investment in infrastructure should remain steady and keep contractors busy. Collier says preventative maintenance and equipment uptime must reign supreme in order for contractors to take advantage of the opportunities that present themselves.

Collier also shares his take on the industry shift toward electrification and how it will be impacted by urbanization and infrastructure development and environmental concerns and regulations.
So check out the latest episode of The Dirt to see what trends lie ahead for 2024.

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00:00 - 2023 & 2024: A Look Back and Future Predictions
00:29 - 2024 Supply Chain Predictions
02:55 - 2024 Construction Trends
05:16 - The Next Evolution in the Construction Industry
07:05 - Biggest Challenges and Opportunities in 2024
12:40 - What Is There to Look Forward to in 2024?
14:28 - Chevron Lubricants & Fuels
15:50 - 2024: The Year of Opportunity?
16:54 - Final Thoughts