After recovering well from the global economic crash, UK construction firms now face new uncertainties. Although the sector has so far shown resilience, economic jitters in the wake of the EU referendum could bring new headwinds that slow work pipelines.
Business models that used to work well will soon encounter challenges as shareholder pressures, ever-more demanding customers and increasing international competition lead to new tensions.
In an uncertain world, vigilance is key. The sector must be ready for challenges or face decline. To remain fit for the future, businesses need to innovate, streamline processes, harness technology and attract skilled workers. Strategies must adapt.
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