Key industry trends building suppliers can expect in 2024

DispatchTrack, the global leader in last mile delivery solutions, has revealed five trends that building suppliers can expect to see in the coming year.

"There continues to be a lot of market volatility including spikes in materials and operating costs and building suppliers have to find a way to minimize the squeeze. In addition to rising costs, customers are increasing pressure on suppliers to deliver faster and accommodate fluctuating building schedules so they can stay on budget," said Satish Natarajan, DispatchTrack co-founder and CEO.

Building supplies trends for 2024 and beyond include:

• Suppliers will look to the supply chain as a way to cut operating costs and gain efficiencies. They will home in on delivery gross profit margins.

• Opportunity will arise for midsize suppliers to outperform large competitors by upgrading tech stacks so they can become more efficient and flexible than bigger players.

• Returns will shrink.

• Priority will be given to suppliers that offer pallet scanning.

• Suppliers will invest in technology that plays well with their other systems.