'The death of retail has not been the death of concrete,' says U.S. Concrete CEO from CNBC

Posted by U.S. Concrete on Aug 11, 2017 8:15:24 AM

 

Despite a gridlock in Congress and the decline of retail business resulting from the rise of online commerce, U.S. Concrete CEO Bill Sandbrook remains optimistic as his company rides at an all-time high. A guest on Jim Cramer's "Mad Money," Sandbrook explains why his company is still in such a strong position despite changes in the market and dysfunction in Washington D.C.

In this particular episode, Cramer met Sandbrook in New York City to learn a little bit more about how U.S. Concrete operates. Admirring one of the 17 concrete plants in the New York area, Sandbrook explained he could supply concrete on time to so many projects because of the sheer scale of operations. The plant they observed did, in fact, supply the concrete to the World Trade Center project, among others. New York City and the surrounding areas has a high barrier of entry, but U.S. Concrete is a primary supplier.   

Cramer and Sandbrook also talked about the U.S. Concrete's current infrastructure projects despite the inability of Congress to act. Among the projects includes La Guardia airport, a facility in dire need for renovation and repair. The Oakland Bay Bridge was another such infrastructure project for which U.S. Concrete has supplied concrete. 

Finally, online purchases have disrupted the traditional "brick and mortar" establishments, but this change hasn't landed a crushing blow to the construction or concrete industry. Companies like Amazon, as well as tech giants such as Facebook, require distribution centers and data centers to operate effectively in different regions. This, Sandbrook notes, has more than made up for the decline in retail construction. At the time of this writing, U.S. Concrete is leading the charge on many of these data center projects around the country. 

Watch the full video to learn why Sandbrook and U.S. Concrete are still going strong.

Topics: In the news, U.S. Concrete