The year to come will divide the UK construction industry into winners and losers. That’s the prediction of Richard Threlfall, head of infrastructure, building and construction at KPMG.
Speaking to Construction Enquirer, Mr Threlfall indicated that 2017 is likely to be one of “feast or famine” depending on what sector of construction you specialise in, as well as regional variations. He pinpointed specific areas of growth and decline:
Mr Threlfall went on to outline several pain points facing the construction industry as a whole in the year to come, including:
Nevertheless he pressed home the point that success in the construction industry will be achievable for those who keep their eye on the prize:
“Amidst all this macro-economic uncertainty, construction industry CEOs need to keep focused on the prize of achieving competitive advantage through offering clients greater efficiency and predictability. Whilst politics and economics may dictate the winners and losers of 2017, in the long-run this industry will be owned by those who invest in technology and skills”.
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