UK construction industry contracts on Brexit uncertainty

“A Supply Risk Report, due to be published by Dun & Bradstreet and Cranfield School of Management later this month, has found an uncharacteristically high dependency on suppliers in the construction sector with a 40% increase in ‘supplier criticality’ in Q4 of 2018. More than 80% of relationships analysed for the report were classified as critical or key, indicating a high reliance on current suppliers and a high level of exposure to supply chain risk. The report also found the sector had a very low foreign exchange risk (1.6%), suggesting that construction companies are choosing to work with vendors based in the UK to sidestep Brexit uncertainty.”