Russia’s invasion of Ukraine has shocked the world. As the conflict ignites condemnation and social unrest, we expect it to also significantly affect the construction industry.
In addition to serious disruption for materials pricing and availability, broader societal concerns exist too, including rising costs for energy and food exacerbating an already-troubled market.
Some of the pressing issues include:
- Increased energy costs will impact materials and product production and cause cost increases.
- Oil price rises will impact petrol costs, affecting deliveries and increasing delivery costs.
- The supplies of some materials may be impacted.
What else should we prepared for? Read our report for the answers.
The situation constantly evolves and should be regularly monitored. Early engagement and collaboration with the supply chain is critical.