Ukraine war to hit supply of construction wood products
The war in Ukraine and sanctions on Russia and Belarus will hit the supply of wood products used in construction, including OSB (oriented strand board) and plywood.
A boost in spending from clients in response to the opening of the UK economy, combined with signs that the worst of the supplier delays have passed, resulted in buyers reporting the sharpest increase in business activity in four months.
Materials supply and price volatility are predicted to be key risks to completion of construction projects within time and budget. Although there is no single answer to the problem, there are ways we can mitigate some of the key risks, to ensure the best possible outcomes.
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