Contractors across the board have been telling me about their supply chain worries and the related project disruptions or delays. The consensus among those studying the causes suggest this is not a short-term issue. Most project the situation will continue for five or six years and a few suggest much longer. All seem to agree it is going to get worse before it gets better, despite some optimistic recent forecasts.
The exposure for the construction industry is real, is just beginning and can be expensive. The problems have the potential for severe cash flow interruptions. It seems that each time a contractor or the media suggests a product is no longer scarce, two other products turn out to be in short supply. It bears reminding that projects and companies have faltered or failed under similar circumstances involving materials and products.