Construction Sectors Feel Effects of Supply & Costs Problems

Consigli’s latest Market Outlook Report.
The latest installment of the report highlights key industry trends related to material cost and delay risks, featuring strategies to help contractors mitigate these key challenges.
Key findings include:
·       As equipment manufacturers source parts from alternate vendors, issues around quality are arising
·       Cargo lane disruptions are reported to have peaked in September with Consigli already anticipating a steady improvement of material availability starting in 2022
·       Strong work pipelines will keep material demand high, making significant price drops unlikely, with Consigli predicting that material flow improvements and domestic manufacturing plant upgrades will contribute to higher domestic production, stabilizing pricing in 2022.