COVID-19 Pandemic: Is it Over Yet? Not so Fast!

October 18, 2021
John P. Ahlers - Ahlers Cressman & Sleight

The COVID-19 Pandemic created a global disruption across trade, finance, health, education, businesses, and society in general like few others in the past 100 years. The pandemic’s fallout is being felt in the supply chain interruption experienced across all construction projects. This vulnerability, especially to an industry that has high dependence on China to fulfill its need for raw materials or finished products, has been exposed. China’s dominant role as the “world factory” means that any disruption to China puts global supply chains at risk. The impact to construction has manifested itself in rising prices of steel, other metals, PVC products, lumber, and a variety of other essential construction materials. The impact to the supply chain has shocked the construction industry and likely future measures will address the overdependence on foreign markets for construction supplies. News accounts are filled with COVID-19 mutations and virus strains that threaten further disruptions to the construction industry. Simply put, the pandemic is not over yet.

Mr. Ahlers may be contacted at john.ahlers@acslawyers.com



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