2022 Marcum National Construction Survey

Said one leader on the cascading effect of material challenges, “Material price and delivery volatility makes it difficult to plan. We spend significant time and resources reacting to missed delivery dates, often working out of sequence, which affects the bottom line.” Dozens of other executives viewed the lack of skilled labor in the market as a particular threat, with one noting, “We can sell, finance and manage more work than we can staff due to skilled labor shortages.” One notable increase from last year was a 4% year-over-year uptick — to 14% — of respondents who see COVID-19 as the biggest threat to their business. This change might be because the pandemic remains a macroeconomic threat, as evidenced by the severe lockdowns in China in early 2022 and the subsequent significant effect on global supply chains.

2022 MARCUM NATIONAL CONSTRUCTION SURVEY 30