Stagflation Means the Construction Industry Has Yet More Pain to Work Through

The current environment requires contractors to pay even closer attention to their balance sheet to ensure sufficient cash flow.

I was hoping that by this time I would have some good news to share with you. Stabilizing prices along with more available and attainable supplies. Minor increases in interest rates. Lower oil prices. All of which would bring us back to “business as usual” or at least point in that direction. This is normally how recessions work. Unfortunately, these assumptions may not be realistic at this time because of the serious supply chain issues caused by the scary activities taking place in Europe. Then, add in the reactivated COVID woes once again closing down China and we wind up with some very serious issues that could impact your business. READ FULL ARTICLE>>