Nearly a year in to the Covid-19 pandemic, it is becoming clear that consumer confidence is falling in many of the world’s major economies and that government will have to work to drive economies. Therefore it is positive to see infrastructure work still continuing, but concerns are growing over the ability to carry out the necessary work given news of material supply issues and the future size of the construction workforce, especially if social distancing continues to put strain on programmes.
News of challenges to the vaccine supply chain shook investor confidence this week, pushing stock markets down. Whilst some shares boomed due to rogue speculation from retail investors causing the US and the UK to monitor activity and potential lawbreaking.
Brexit disruption is still difficult to quantify as there has been far less traffic through UK ports (some of which can be attributed to Brexit and some to Covid-19). However, it is concerning to see increasing numbers of small businesses citing increased red tape as a barrier to trading with the EU, as well as stories of hauliers not willing to bring goods into the UK. Staying close to the supply chain and understanding where goods come from will be vital over the coming period.