Many Companies Are Delaying or Putting Capital Projects on Hold Due to the Pandemic, Accenture Report Finds

NEW YORK; Jan. 12, 2021 – New global research from Accenture (NYSE: ACN) shows that 61% of owner-operators of factories, mines, refineries and public, telecommunications and utility infrastructure organizations expect new projects to be delayed or put indefinitely on hold because of the COVID-19 pandemic. Additionally, 35% of engineering, procurement and construction service providers (EPCs) surveyed indicated that the scope of ongoing projects will likely be adjusted. The report, titled “Building Value with Capital Projects,” features a survey of more than 700 senior executives globally and found that the pandemic impacted an industry that was already challenged in using digital solutions to help deliver project results on-time and on-budget.

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