NWCH Supply Chain Resilience Forum
The NWCH Commercial and Procurement Special Interest Group recently brought together 10 contractors and 10 suppliers to discuss their outlook on the economy and their individual resilience to the impact of Brexit and Covid-19.
Four questions were asked of our suppliers with the following results:-
- How are you future-proofing your business? – Minimising risk, choosing clients and contractors based on previous performance, particularly regarding payment, collaboration and early engagement.
- What do you see as the main risk to recovery? – Uncertainty in the pipeline, a second wave of Covid-19.
- What is going to drive recovery/growth for your business? – Market certainty, client/contractor commitment.
- What can we do as main contractors to build your resilience? – Prompt payment and financial security, visibility of future pipeline.
The overall outlook of our supply chain would appear to be quite positive with strong order books, healthy tender enquiries and an underlying confidence for 2021.
70% of suppliers expected to create employment opportunities in 2021, with only 10% expecting turnover to be lower than 2020.
50% of suppliers were optimistic for 2021 and 50% expected output to be the same as before lockdown, with no suppliers feeling pessimistic.
This was a very positive engagement opportunity for both contractors and suppliers which generated a healthy discussion around the future outlook for the construction industry which, despite all odds, would appear to be quite optimistic. These results reflect the resilience of both the NWCH framework, its contractors and suppliers.