On May 6, 2024, the Schneider Downs Construction Industry Group convened for our highly anticipated annual full-day summit. Over 20 members of senior leadership attended an event designed to address critical industry challenges, foster collaboration and gather valuable external perspectives.
Objectives of the Summit
- Issue Identification: The summit provided a platform to identify the pressing issues faced by construction industry clients, so that we can better tailor our solutions and services to the sector.
- Collaboration and Innovation: Through collaborative discussions, we shared ideas about how to enhance the firm’s capabilities and find innovative ways to address client needs.
- External Insights: An external panel of clients and industry experts participated in the summit. Their insights shed light on broader industry trends, challenges and opportunities. Additionally, they evaluated Schneider Downs’ brand reputation in the market.
Year in Review
The summit included a comprehensive review of the past year’s accomplishments. Key highlights from Schneider Downs’ work with construction clients included:
- Digital Transformation: Among the various topics discussed, digital transformation emerged as the most impactful. For context, digital transformation involves leveraging technology, processes and people to effectively solve complex challenges. Schneider Downs’ dedicated digital transformation team has been instrumental in helping construction companies navigate this critical shift.
- Succession challenges: As the baby boomer generation prepares to transition out of business ownership, succession planning becomes a critical focus. At Schneider Downs, we recognize the significance of this moment and offer valuable insights and services to assist owners during this pivotal phase. The anticipated transfer of wealth from retiring baby boomers to the next generation presents both opportunities and complexities. Our role is to guide owners through this process, ensure a smooth transition and preserve their financial legacy.
- Tom Springer, a seasoned professional with extensive experience in succession planning, leads our team. His expertise, combined with Schneider Downs’ commitment to excellence, ensures that owners receive personalized, results-driven solutions. As the business landscape evolves, Schneider Downs remains dedicated to supporting owners through every stage of succession. Our collaborative approach and unwavering commitment to value creation set us apart as trusted advisors in the realm of business ownership transitions.
Insights from Industry Experts and Clients
The external panel shared valuable insights on industry trends, challenges and opportunities in the market.
- Challenges in Construction: Our panel highlighted challenges such as labor shortages, supply chain disruptions and regulatory changes—all of which will continue to inform our strategic planning.
- Brand and Reputation: The panel also assessed Schneider Downs’ brand reputation. Their positive feedback affirmed the firm’s commitment to excellence.
Commitment to Excellence
Schneider Downs’ investment in hosting this annual summit underscores our sincere dedication to being the premier business advisor for the construction industry. As the sector evolves, we remain committed to elevating our services and impact within the industry.
About Schneider Downs Construction Services
Led by a diverse group of shareholders and managers, Schneider Downs provides strategic and practical solutions for our construction clients in all facets of their business. Our dedicated team of more than 350 professionals have a wide background of tax, accounting, technological and business experience in the region, specifically in Pittsburgh and Columbus.
To learn more, visit our Construction Industry Group page.
