2022 Marcum Northeast Ohio 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 lamented the lack of skilled labor in the market, with one lamenting, “Labor shortages and lack of skilled labor. We do well retaining employees but finding new ones to come up in the company, is difficult.” One notable increase from last year was a slight year-over-year uptick – to 9% – of respondents who see COVID-19 as the biggest threat to their business. This makes sense because, while many nations have largely opened up economically, 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 NORTHEAST OHIO CONSTRUCTION SURVEY 30