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Partnered working is one way to tackle the many supply chain challenges facing the industry, writes Claudio Veritiero, chief executive officer at Peel Ports Group
Both the UK’s construction and logistics sectors are grappling with ongoing supply chain challenges, significant cost inflation and broader economic uncertainty. Having held leadership roles in both sectors throughout my career, I know there are natural synergies between the two that stand to be exploited, with the potential to bring about more collaborative working, elevate best practise and strengthen resilience.
In 2022 the withdrawal of government pandemic supports for businesses was compounded by record price inflation, which brought about a steep increase in insolvencies among companies in the construction sector. Although figures from the Office for National Statistics (ONS) showed an encouraging rebound in construction output in February 2023, followed by more muted growth in March, the overall outlook remains mixed.
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