Construction companies must adopt a proactive and strategic approach to managing geopolitical volatility, embedding risk awareness at the highest levels of decision-making if they are to avoid potential supply chain disruptions, a report from business insurer QBE has advised.
According to Trade tensions and the construction sector: Navigating supply chain disruption, developed in partnership with Control Risks, recent tariffs on key construction materials such as steel, aluminium, timber and copper are already inflating input costs and delaying projects in North America and Europe.
Key findings include:
• Steel and aluminium are . . .
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