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

Why China’s new 2024 steel output cut policy is altering value chain dynamics

China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity

April 19, 2024

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By: Jessica Zong

US construction demand could rise once election jitters subside

Increased construction spending could be unlocked early next year once the fraught US presidential election is settled, and steel participants are gearing up for a busy 2025

April 17, 2024

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By: Daniel Hilliard

Turkey restricts steel exports to Israel amid continued Gaza conflict

How to overcome volatility in the construction industry

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