The outlook for the construction industry includes changes in housing demand, strained global supply chains and spiralling costs as a result of inflation. As a construction industry professional, making the right moves at every step of the procurement process helps reduce risk and maximize profits. This guide will help you understand some of the questions surrounding raw materials sourcing, and whether you have the best strategy to overcome volatility.

Are you confident in the resilience of your supply chain?

As a procurement professional, you’ll understand the need for market-reflective and reliable price data and insights, but there can still be blind spots. Use our checklist to better understand what you could be missing. Examine key questions including:

Do you have tools to monitor price changes in real-time?
Do you have visibility over supply and demand forecasts for the metals and forest products markets?
Do you have a solution for managing rising costs and volatile prices?

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Find out what else is happening in the construction industry

US housing market analysis: Are we in the midst of an affordability crisis?

Are fluctuating raw material costs worsening the US housing affordability crisis? Urgent action is needed to preserve homebuying opportunities, as explored by the Fastmarkets team

June 20, 2024

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By: the Fastmarkets team

Worsening weather disruptions drive increasing Galvalume adoption in roofing industry

Extreme weather phenomenon, including catastrophic hurricanes, is driving increasing adoption of metal roofing and therefore Galvalume, market participants said during a trade show in Florida

June 14, 2024

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By: Rijuta Dey Bera

Federal Reserve rate stagnation impacts wood products markets

How to overcome volatility in the construction industry

Do you have the tools to overcome supply chain disruptions? Find out below