Tag: Losses
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Copper Tariffs and Construction Site Theft: How Contractors Can Strengthen Security and Prevent Losses
Theft is a phenomenon that follows the news cycle. In a year marked by economic uncertainty and seismic changes in international trade, thieves have taken notice. Increasingly, they see opportunity on construction sites. With the August 1, 2025 rollout of 50% tariffs on semi-finished copper products entering the U.S., construction sites have suddenly become more…
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Half of construction SMEs report losses or lower profits in new survey
“In short, if we want the construction industry to be sustainable, we must make it easier for smaller firms to thrive. That means tackling issues such as late payments, and ensuring SMEs can affordably hire apprentices to grow the skilled workforce our sector desperately needs. With the right support, SMEs can and will continue to…
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AI could cut disaster infrastructure losses by 15%, new research finds
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: AI applications such as predictive maintenance and digital twins could prevent 15% of projected natural disaster losses to power grids, water systems and transportation infrastructure, amounting to $70 billion in savings worldwide by 2050, according…
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Waites Helps Owens Corning Avoid $11M in Potential Losses
When Owens Corning’s ball mill began showing signs of failure at its Tessenderlo Plant, Waites’ AI-powered preventive maintenance system detected the issue before a catastrophic breakdown. The system saved over $11 million in potential production losses, repair costs, and downtime by preventing an unplanned shutdown.This success underscores the power of AI-driven predictive maintenance in safeguarding…