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The construction industry is facing challenges. High interest rates, inflation, and the resulting high borrowing costs are putting pressure on contractors.
Yet, there is room for optimism. Innovation thrives in tough economic times.
To understand the challenges facing the construction industry in more detail, YardLink commissioned Censuswide to research 250 senior procurement decision makers in UK construction firms.
Understand the six key stages in the procurement process ripe for digitisation.
Uncover the hidden inefficiencies which are racking up excessive costs.
Discover how to reduce emissions through a localised supply chain.
Access practical steps to streamline communications and operations.
31% of respondents state a lack of digital tools and innovation as the biggest challenge they face.
65% of respondents are still using basic spreadsheets or pen and paper to keep track of their supply chain.
Archaic approaches and manual processes are contributing significantly to supply chain costs, which account for 44% of total project spend.
