Caterpillar Inc. estimates $300 million in sales and $100 million in operating profit will slip away this year, mostly in the second quarter, due to the March 11 earthquake and tsunami in Japan. Photo: Courtesy of Caterpillar Inc. Cat says none of it Japanese employees were injured, but the march 11 disaster disrupted supply chain. Although its Japan-based employees suffered no injuries and its plants in the region were not damaged, the event has taken a toll on the overall supply chain for construction machinery. Many of the industrial components and whole goods are produced in Japan or move through
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.