Summary:
US construction spending for March 2022 shows:
• Construction spending 0.1% versus 0.7% estimate
• Prior month 0.5%
• Year on year +11.7%
• For the first three months of 2022, total construction came in at $376.6 billion which is up 12% above the $336.3 billion for the same period in 2021
• Private construction +0.2%. This month private construction came in at $1379.7 billion versus last month's $1376.9 billion
• Residential construction +1.0% to $882 billion from eight to $73.2 billion last month
• Nonresidential construction -1.2% at $497.6 billion versus $503.6 billion last month
• Public construction -0.2%. This month Public construction came in at $350.8 billion down from a $351.7 billion in February
• Educational construction came in at -0.8% while highway construction fell -0.4%
https://www.forexlive.com/news/us-construction-spending-for-march-01-versus-07-estimate-20220502/
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. AGENDA
• Global Infrastructure / Roads
• World Bank Infrastructure
• IMF/Infrastructure
• China and Infrastructure
• Historical Infrastructure Spending / USA
• New Infrastructure spending / Biden
• Infrastructure GAP/United States
• Building Permits / January 2021
• Taxation / Hikes
• Supply Chain Management
• USA port expansion
• Supply Chain Risks
• Energy Crisis
• Summary
• Training /Development links
PRESENTATION TITLE 2/11/20XX 3
4. WE FORUM / FOCUS OF INFRASTRUCTURE
Source - https://www.weforum.org/agenda/2021/01/four-big-infrastructure-trends-for-2021/
PRESENTATION TITLE 2/11/20XX 4
5. GLOBAL INFRASTRUCTURE – ROAD
INFRASTRUCTURE
PRESENTATION TITLE 2/11/20XX 5
Source - https://www.nationmaster.com/nmx/ranking/road-infrastructure-spending
6. WORLD
INFRASTRUCTU
RE SPENDING
• Source -
https://documents.worldbank.org/
en/publication/documents-
reports/documentdetail/97057154
9037261080/hitting-the-trillion-
mark-a-look-at-how-much-
countries-are-spending-on-
infrastructure or
https://www.weforum.org/agenda/
2019/04/infrastructure-gap-heres-
how-to-solve-it/
PRESENTATION TITLE 2/11/20XX 6
8. CHINA AND GLOBAL INFRASTRUCTURE
• China continues to build and finance infrastructure projects in Africa - http://www.sais-cari.org/data-
chinese-contracts-in-africa
• China and the Belt Road - https://www.constructionglobal.com/construction-projects/china-belt-and-road-
initiative-spending-hit-pandemic
• China and developing countries / loans - https://www.reuters.com/article/us-china-emerging-
debt/database-reveals-secrets-of-chinas-loans-to-developing-nations-says-study-idUSKBN2BN0EY
• China and supply chain - https://www.arabnews.com/node/1418636/business-economy
• NATO and China’s control of transportation routes -
https://www.defensenews.com/global/europe/2021/03/04/nato-grapples-with-grasping-chinas-
transportation-clout-in-europe/
PRESENTATION TITLE 2/11/20XX 8
10. NEW INFRASTRUCTURE SPENDING /
BIDEN
Source -
PRESENTATIOhttps://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.htmlN
TITLE
2/11/20XX 10
11. INFRASTRUCTURE GAP / UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 11
12. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 12
USA Construction
Spending - March 2022.pdf
13. STATE AND LOCAL GOVERNMENT
INFRASTRUCTURE
Source - https://www.pgpf.org/blog/2020/06/state-and-local-infrastructure-spending-a-closer-look
PRESENTATION TITLE 2/11/20XX 13
14. TAXATION ISSUES / USA GOVERNMENT
• Hikes to property, sales, and other taxes - https://www.pewtrusts.org/en/research-and-
analysis/blogs/stateline/2020/07/17/tax-hikes-in-a-pandemic-some-states-cities-say-yes
• Connecticut, Idaho, Massachusetts and Vermont have enacted or are pursuing budgets without tax increases.
The circumstances in each state are different. Idaho did not experience the budget shortfalls that virtually all
states faced in 2020 and in-fact experienced healthy second quarter 2020 growth in both personal income tax and
sales and use taxes over the same quarter last year. Connecticut, Massachusetts and Vermont took advantage of
significant rainy day funds to avoid tax increases. Many states will look to rainy day funds to trim anticipated
deficits, although many states have already used up their reserves throughout 2020. While the results in these
states look promising in terms of avoiding tax increases, they may not be typical.https://rsmus.com/what-we-
do/services/tax/state-and-local-tax/income-and-franchise/some-states-appear-to-hold-the-line-on-taxes-most-
wont.html
• There is little doubt that legislators will introduce an unprecedented amount of proposed tax laws in the coming
year. Given the states dire fiscal conditions, many proposals to raise taxes will be enacted. Businesses ignoring
the legislative process until laws are passed run risks. They will miss the opportunity to influence legislative
outcomes. They will also lose precious time in planning to deal with change. But closely following the legislative
process presents many opportunities. Companies can influence legislation. They can also begin planning for what
might be a very different tax environment. The RSM State and Local Tax Team encourages the business
community to tax the latter approach.-Sales Tax – Source - https://taxfoundation.org/2021-sales-taxes/ or
https://rsmus.com/what-we-do/services/tax/state-and-local-tax/income-and-franchise/state-tax-changes-are-
coming-be-prepared.html
• Would the USA introduce a national sales tax? - https://www.taxpolicycenter.org/briefing-book/what-would-tax-
rate-be-under-national-retail-sales-tax
• Property taxes - https://www.mansionglobal.com/articles/which-u-s-states-have-seen-the-biggest-property-tax-
hikes-in-recent-years-200735
• Biden tax policies - https://www.taxpolicycenter.org/taxvox/biden-follows-through-his-campaign-promise-big-tax-
hikes-us-corporations
PRESENTATION TITLE 2/11/20XX 14
15. SUPPLY CHAIN
PRESENTATION TITLE 2/11/20XX 15
Blog – How best to manage your supply chain.
1. Large container ships and emissions - https://www.bloombergquint.com/gadfly/huge-container-ships-biggest-problem-is-emissions
2. Port productivity - https://www.joc.com/port-news/us-ports/tpm21-one%E2%80%99s-nixon-says-us-port-productivity-gaps-mean-
congestion-months_20210302.html
3. Nearshoring - https://investmentmonitor.ai/manufacturing/think-nearshoring-will-bring-back-us-manufacturing-jobs-think-again/
Countries need to be more competitive with their policies in areas of taxation, environment, and other regulatory areas.
4. Data and AI will play a bigger role as part of supply chain management -
https://www.scmr.com/article/the_future_of_supply_chain_management_is_ai_and_data
5. Ability of canal systems to handle the flow of goods - https://www.agcs.allianz.com/news-and-insights/expert-risk-articles/suez-canal-
mega-ships.html
6. Moving supply chain areas from China to manufacturers as part of moving away from China influence - https://www.news-
press.com/story/opinion/2021/03/15/bring-critical-supply-chains-home-biden-china-mineral-markets/4692255001/
7. Standardized ESG reporting including rankings in areas like human rights or environment or other areas -
https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Development of new logistic projects like one belt road - https://fortune.com/2021/03/24/china-belt-road-initiative-soft-power/
9. Costs of moving freights - https://www.hellenicshippingnews.com/fbx-index-looking-forward-3/
10. Global inflation - https://www.bloomberg.com/news/articles/2021-03-11/inflation-is-already-creeping-into-some-corners-of-the-world
Here is my work on the supply chain - https://www.slideshare.net/paulyoungcga/how-to-better-manage-your-supply-chain
16. USA PORT EXPANSION / SUPPLY CHAIN
INVESTMENTS
PRESENTATION TITLE 2/11/20XX 16
1. Expansion of the Port of Houston - https://www.maritime-executive.com/article/port-of-houston-busiest-
us-port-in-tonnage-as-expansion-continues
2. Port expansions - https://www.globaltrademag.com/americas-expanding-ports-ports-investing-to-
improve-their-market-share/
3. Four new natural gas pipelines - https://oilprice.com/Latest-Energy-News/World-News/Four-New-
Natural-Gas-Pipelines-Come-Online-In-The-US.html
4. Oil Pipelines - https://www.eia.gov/todayinenergy/detail.php?id=44056
5. BNSF - https://www.freightwaves.com/news/bnsf-outlines-3-billion-capital-investment-budget-for-2021
6. USA Railroads - https://www.up.com/customers/track-record/tr090820-us-rail-envy-of-the-world.htm
17. SUPPLY CHAIN RISKS
Here is my work on supply chain -
https://ibm.box.com/s/63aqf8jo004v2bo5f8cf6eppgglhbvs5
Supply Chain Disruption / Suez
The Suez Canal is the latest example of how both the public and
private sectors need to embrace crisis management including having
their crisis management report audited every year.
https://www.slideshare.net/paulyoungcga/how-to-better-manage-
geopolitical-events
PRESENTATION TITLE 2/11/20XX 17
Source - https://supplychaingamechanger.com/top-10-
global-supply-chain-risks/
18. MONITORING OF INFRASTRUCTURE
ASSETS
PRESENTATION TITLE 2/11/20XX 18
Blog – How best to Identify Climate Risks with Portfolios - https://www.linkedin.com/pulse/blog-how-best-identify-climate-
risks-portfolios-paul-young/?published=t
What is climate risk and stress testing?
The European Central Bank is stress testing the broader economy to assess the economic risk of climate change
three decades into the future, the bank's vice president said on Thursday.
While full results of the test, which includes four million companies worldwide and almost all euro zone banks,
will be published in mid-2021, early results show there is a clear benefit to early action, Luis de Guindos said.
Source - https://www.saltwire.com/halifax/business/reuters/ecb-stress-testing-broader-economy-over-climate-risk-de-
guindos-564985/
Basel committee is looking at changes to BASEL reporting as it relates to climate risk -
https://www.regulationtomorrow.com/eu/basel-committee-report-on-climate-related-risk-drivers-and-their-transmission-
channels/
Insurance sector - https://www.insurancebusinessmag.com/nz/news/breaking-news/insurance-most-ahead-of-the-game-in-
assessing-climate-change-risk-254051.aspx
More monitoring tools - https://www.planet.com/pulse/building-a-new-world-infrastructure-monitoring-for-a-more-
sustainable-future/ or https://progressive-tsl.com/renewable-energy-asset-management/
19. BLOG – ENERGY
CRISIS
PRESENTATION TITLE 2/11/20XX 19
Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month
that is rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the
demand. China is already in a shortage of perhaps 50 million tons per month.
If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian
countries. This will also make the supply chain problems even worse.
Prioritizing heating over electricity means more factory shutdowns.
Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get
bumped back at the ports for hundreds of coal ships.
China having coal production problems is tough because building other sources of electricity and heating will take
years. Especially if China wants to get beyond current levels to support 6% per year GDP growth.
https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3
A+blogspot%2Fadvancednano+%28nextbigfuture%29
This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/
20. SUMMARY
• Higher material costs continue plague the construction sector
• Cities want more focus on fixing existing infrastructure including roads and bridges
• Addressing issues with water, land, and forest management as part of future urban and rural planning
• Risk and Crisis mitigation plans for wildfires, floods, and other climate events
• Optimization of public transit systems
• Addressing issues with ports, intermodal, warehousing, and other areas as part of addressing issues with the
supply chain
PRESENTATION TITLE 2/11/20XX 20
USA Construction
Spending - March 2022.pdf
U.S. Construction
Spending Inches Higher In March Nasdaq.pdf
cement-most-vulnera
ble-to-climate-risk-among-building-materials-03-05-2022.pdf
Building Materials
Rise, But Lumber Prices Ease Cape Gazette.pdf
New face-to-face
event related to PPPs - K-Infrastructure.com.pdf
Rising costs drive
Thunder Bay’s roads budget millions into the red - TBNewsWatch.com.pdf
Infrastructure-NZ-Ach
ieving-Future-Fit-Infrastructure-Outcomes-Report-FINAL-WEB.pdf
Natural gas
production slowing in Appalachia as infrastructure fails to meet demand Fortune.pdf
Drought has Oslo on
edge of critical water shortage Courthouse News Service.pdf
Carney says carbon
plan could open door for financial-sector profits - BNN.pdf
Climate expert warns
people living in populated coastal areas could lose insurance with just a small sea level rise Newshub.pdf
FEMA Administrator
Deanne Criswell’s Remarks on the U.S. Approach to Crisis Management FEMA.gov.pdf
100s of U.S. urban
areas will become rural with new criteria Daily Sentinel.pdf
Environmental bond
gives New York a once-in-a-generation opportunity to fund a more climate resilient future. Growing Returns.pdf
OFA sees protection
of farmland as key to long-term food security - Ontario Federation of Agriculture.pdf
CMHC finds supply
'the biggest issue affecting housing affordability' Financial Post.pdf
Housing starts in
Canada's large cities lag population growth -CMHC.pdf
3D Printing is Being
Adopted in Colombia for Construction - 3Dnatives.pdf
News Canada and
FCM support strengthened asset management in Alberta communities.pdf
Global infrastructure i
nvestment need to reach $97 trillion by 2040 – American Infrastructure.pdf
'Nation-building'
investments in electricity grid needed to reach net-zero Experts - BNN Bloomberg.pdf
Unlocking Climate
Finance for Electric Grid Investments with USAID’s SUPER Program Global Climate Change.pdf
21. OTHER
SOURCES
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and,
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA