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01 Jun 20221 minute read

CLC: inflation overtakes product availability concerns

ECAtoday
CLC: inflation overtakes product availability concerns

The Construction leadership Council has issued a statement warning that price inflation and a diminishing labour supply are now of greater concern than product availability in most construction sectors. 

While longer lead times will continue to affect bricks, aircrete blocks, roof tiles, chipboard flooring, gas boilers and other products requiring semi-conductors within sub-components, the report says the market is becoming more adept at managing supply of these critical products, and the long-term nature of some of the underlying issues.

With Shanghai gradually removing covid restrictions, production should normalise in that major industrial region by mid-June. Shipping analysts warn, however, that this may exacerbate the current bottlenecks in deliveries to the West.

The CLC group will continue to actively engage with energy intensive manufacturers over the coming months, and closely monitor market conditions and the impact of any further price increases and volatility.

Read the full report here. 

ECAtoday

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