Construction Industry Panel - State of the Construction Industry | Ritchie Bros. Inside Edge

Ritchie Bros. is back with another Inside Edge Live Industry Panel. Expert industry panelists will provide an update on the state of the construction industry. Discussion topics will include equipment shortages, high demand for machinery, and more.

Hosted by our Chief Marketing Officer, Matt Ackley, the September Construction panel includes: Bob Lanham – President, Associated General Contractors of America (AGC), Ron Glenn – CEO, Alberta Roadbuilders and Heavy Construction Association (ARHCA), Doug Olive – Senior Vice President, Pricing, Ritchie Bros., Doug Rusch – Managing Director, Sales, Rouse Services

Let us know what you thought about our Inside Edge Panel in the comments section!

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▬ Contents of this Video ▬
00:00​​​​​ Introduction
05:47 What delays should we expect from OEMs for construction assets
09:05 What the market looks like when supply chain issues are resolved
10:00 What impact is the labor shortage having on the industry
19:35 What other big issues are affecting the construction sector
27:56 Where are we at with infrastructure spend in the U.S. and Canada
41:35 What is the impact on the sale of used equipment: auction vs. retail
46:44 Conclusion

▬ About Ritchie Bros ▬
#RitchieBros​​​​ is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.

Our selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification; Marketplace E, an online marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales.

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