Material Price Increase and Stock Shortage – What to Expect.
- Max Underhay
- June 1, 2022
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With prices continuing to rise and no lack of material shortages, here's what to expect for the future.
Where Are We Now
This shortage has meant prices have soared and caused a knock-on effect of supply chain issues that are ongoing and will take time to recover from. The shortage initially began due to the demand for materials by DIYers that were renovating their homes during the 2020 Covid-19 Lockdown, at a time when the production and fulfilment had slowed down and all non-key construction projects had ceased.
This high demand met with a low supply created an extreme imbalance that has sent shockwaves, that we are still combatting today.
It was predicted by the Construction Leadership Council (CLC) in January that the industry was no longer experiencing extremely high levels of demand for building materials, that has turned out not to be the case (CLC, Jan 2022).
A statement from the CLC in March said that the last 3 months there has been a 10-15% increase in inflation on material prices (CLC, Apr 2022).
Additionally, the shortage of HGV drivers, energy costs increasing and the Ukraine conflict, it seems we are far from being out of the woods.
Prices have been on a continual and steady increase for the last 2 years, due to the seemingly unresolvable and endless demand and forever lengthening lead times causing a collapse in the supply chain.
What Are The Materials That Are Affected?
The materials affected range from bricks to steel, as well as paints and coatings. Below is a full list of all affected, and predictions to be considered for the future.
Currently Affected:
Bricks and Blocks
Steel
Roof Tiles
Paints and Coatings
Electrical Products
Timber
Future Shortage Predictions:
Plastic Products
Ceramic Tiles
Aluminium
Copper
Lighting and Fire Protection Systems
Kitchen White Goods
Concrete
Insulation
What Can We Expect from The Future, and How Can We Prepare For It?
For anyone in the construction industry, or with any plans for building work in the future, being as prepared as possible and planning as far in advance is greatly advised! Considering the volatility and decline of this situation in the last few months, there is no way of predicting the outcome of this impact and when it can be expected to end.
Here at AMS, we strive to provide the best service and highest quality products feasible, and hopefully provide even the smallest ease in a customer’s supply chain headache.
More About AMS and The Services We Offer.
AMS (Hampshire) Limited is an independent manufacturer of acoustic products, fittings and isolation accessories for the industrial and building services, air movement sector. We have been supplying primary plant O.E.M’s and trade distributors across the UK since 2001.
Services:
Air Movement Supplies offer a stocked range of industry standard products and a bespoke manufacturing service for special requirements. From custom rectangular silencers to using materials such as stainless steel, AMS has the capacity to fulfill orders within competitive lead times.
Products:
Our products are stocked in industry standard lengths of 300mm, 600mm, 900mm and 1200mm for our S Series range and our F Series range offers either the same length as diameter or twice the diameter. The S series caters up to 500mm and the F Series up to 1250mm diameter.
Questions?
Use our Contact Form below, or call us on +44 (0) 2393 200 170 and one of our team of specialists will be happy to help.
Sources
https://www.constructionleadershipcouncil.co.uk/news/construction-product-availability-statement-11/
https://www.constructionleadershipcouncil.co.uk/news/construction-product-availability-statement-10/
Max Underhay
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