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As they look to the year ahead, contractors want to know how frayed supply chains, inflation and labor shortages will affect their business.
Published Jan. 23, 2023
By
Construction Dive Staff
Sergey Pakulin via Getty Images
U.S. contractors have a lot on their minds as they look to the year ahead.
Snarled supply chains and rising inflation could bring higher costs and lower profits in 2023. Workforce shortages, which make projects take longer and cost more, look set to worsen in 2023.
As the specter of a recession continues to loom despite higher interest rates, contractors are preparing for a downturn while staying optimistic, thanks to above-average backlog and federal funding for infrastructure and manufacturing.
Here, Construction Dive rounds up its 2023 outlook stories.