KPMG-A perfect storm continues to hamper availability of materials and labour across the sector in the
Commenting on today's
'A perfect storm continues to hamper the availability of materials and labour across the sector in the
'The scale of HS2 is acting as a magnet for certain elements of the supply chain, including heavy equipment and cement; the global demand for steel and timber is pushing up prices and lead times for most goods can take much longer than normal. Additionally, labour in the south has been impacted by Brexit and HGV drivers are in high demand.
'The good news is that demand remains high across most markets - particularly residential and infrastructure. Rising end prices for houses and real estate are often fully mitigating the impact of the cost increases - at least in the private sector. However, availability will act as a break on how much the industry can respond to the high demand.
'This month has again seen slow growth for the sector. The ongoing lorry driver shortages and lack of stock mean these supply vs demand worries aren't going away quickly.'
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Notes to Editors
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