Construction firms are fighting an uphill battle to maintain project budgets and schedules as the industry grapples with global supply chain disruptions.
The Associated General Contractors of America (AGC) reported that material prices for nonresidential construction soared 21% from February 2021 to February 2022, and analysts predict costs will continue going up. Additionally, logistical bottlenecks such as overseas shipping delays and shortages in the transportation sector are drastically impacting project lead times.
Stellar’s industry veterans are discovering there are ways to mitigate supply chain disruptions and their effects on construction projects — but only if construction firms are willing to shift their paradigm and use a different approach when working with their clients.
Here are four ways our teams are navigating the waters.Continue Reading “4 Strategies for Mitigating Supply Chain Disruptions in Your Next Construction Project”