For many of our nation’s veterans, making the transition back to civilian life is hard work. Combat vets and service-disabled veterans come home with physical and mental burdens they will bravely carry for many years. That same bravery is an asset for entrepreneurs who aspire to own their own businesses. However, it sometimes takes more than entrepreneurial spirit to get a new business off of the ground.
The Engineering, Procurement, and Construction (EPC) industry launched off to a hot start in 2022 in spite of global supply chain disruptions and a volatile labor market. However, this isn’t to say everything was rainbows and unicorns. It’s still a competitive market out there, and price increases have put extra pressure on an industry where new projects are outpacing the available supply of material and labor to complete them.
This time of year can be especially difficult for members of the armed services. The holiday season is always a reminder of the empty seats at the table and the loved ones that are unable to be present to share the moment. As a veteran-owned and run business, we know what it feels like to spend a holiday apart from your family. Many members of the Troop Industrial team have served, and we’re all patriots who support those who are currently serving.
Veteran-owned businesses are a big focus for us at Troop. As a company founded by a proud marine combat veteran, we’re all-in on supporting our fellow service men and women as they reintegrate into civilian life and embark on a fulfilling career.
Veteran-owned businesses are a passion for us at Troop Industrial. We’d like to take a chance this holiday season to celebrate some awesome (and delicious) brands that are owned by veteran entrepreneurs.
Sourcing EPC material for a large-scale capital project takes a strategic mindset. Anything else is lighting money on fire.
At Troop Industrial, we’re all-in on supporting veteran-owned businesses. Transitioning back into civilian life can be tough. We love a success story about a hard-nosed vet who’s pulled themselves up by the bootstraps and created something meaningful that speaks to their passions and puts food on the table.
Here’s a scenario that’s all too common in this industry. Maybe you’ve been there recently.
In a mega-sized EPC project, how you handle material management has high stakes for your schedule and budget. Construction materials alone make up about 50-60% of a capital project's total cost, and snags in material flow cause 80% of project delays. If you’re winging it, you’re losing millions.
The pipeline for Engineering Procurement Construction (EPC) projects is white hot. By September of 2022, over 100 million square feet of industrial development space had been delivered to the U.S. market in this year alone — a new record. Another 586.7 million square feet of industrial space was already in the construction stage — also a record.
