Some have predicted the overall supply chain crisis may begin to ease, possibly in the second half of 2022, as consumer demand cools, inventory levels stabilize, and shipping capacity approaches pre-pandemic levels. (Credit: sirisakboakaew/Adobe Stock) Some have predicted the overall supply chain crisis may begin to ease, possibly in the second half of 2022, as consumer demand cools, inventory levels stabilize, and shipping capacity approaches pre-pandemic levels. (Credit: sirisakboakaew/Adobe Stock)

Since early 2020, contractors and construction teams have faced skyrocketing material costs and labor shortages, which have unexpectedly exacerbated the cost of doing business and contributed to the compounding nature of the global supply chain crisis.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.