Release date: 28-04-2022SKU:
MSG explores the top risks and opportunities impacting container homes, owing to the prevalence of COVID-19.
The COVID-19 pandemic majorly affected the global industries worldwide. Disruptions in supply chains across many verticals occurred, especially at the beginning of the outbreak (March-April 2020). The impact has also been on the international and complex value chains. The government of various economies has initiated exceptional policies as a response to alleviate the impacts of the economic crises and improve the economic conditions.
The pandemic adversely affected the overall construction industry, including the container homes market. Despite being a market, which doesn’t require concrete, there is a requirement for other raw materials such as steel, iron, glass, and other hardware accessories such as screws and nuts. The pandemic badly disrupted the supply chain, which delayed many projects. For construction contractors and other equipment producers, social faces difficulty maintaining distancing. The factory-built segment of the market falls under this category, hence suffering due to preventive pandemic measures. On-site activity either slowed down or ceased due to workforce shortage and complete lockdown in various countries. These preventive measures directly affect the viability of ongoing operations.
Covid-19 affects both developed and third-world countries with a massive economic downfall due to which people have attracted towards the sustainable and economic goods. Container homes have grown in popularity in many countries than buying land and paying for construction. Further, container homes are eco-friendly and have the advantage of their mobility. People have adversely been adopting them due to the use of gas and solar power, rainwater harvesting, and low maintenance. Everyone experienced big lifestyle changes caused by the virus, including sheltering at home, travel restrictions, curfews, and more. This has forced many people to cut ties with some of the scattered and unhealthy behaviors and life patterns they previously enjoyed.
There were most severe restrictions in China, U.S., France, Spain, and Italy, which led to difficulties in the supply chain. Various contractors closed their projects due to the unavailability of the employees and strict restrictions. With stay-at-home policies, residential housing construction completely stopped.
However, the market is expected to experience growth in the post-pandemic. Nonetheless, contractors collaborated with public authorities to potentially return to normal, with increased safety equipment such as high-quality facemasks.