The latest update from CLC Product Availability Group confirms:
The average inflation for products and materials this year has been about 23%. Further increases are expected, particularly for energy-intensive products!

We know that cost escalation, closely followed by a lack of skilled labour and material shortages, is now the key issue for businesses across the supply chain.

Commitments to prompt payment must remain a priority. Contractors are reducing their payment terms to support the cashflow of their suppliers!

We learned the value of collaboration during the pandemic and showed that we perform better as an industry when we work together. Where businesses, programmes or projects are struggling due to materials shortages and price inflation, we need to discuss the issues openly, and find creative and innovative ways to mitigate these risks in the interest of our clients and the supply chain.