2022 has continued to bring the same uncertainty as the past couple of years—both with familiar and brand-new reasons. While there are continued pockets of pandemic-related fallouts, most notably supply chain issues and increasing inflation, the war in Ukraine has further destabilized the global markets and supply chains.
This article highlights changes and updates from 2022 and dives into their impacts and other expectations as we head into 2023.
Here is a quick excerpt from this article:
Construction is a typically lagging industry when entering a recession; although the pain may be felt later than in some other industries, now is the time to plan because once recession hits and the backlog has been worked through, tough decisions will lie ahead.”
FORVIS is a proud principal partner of the Construction Financial Management Association (CFMA). This resource first appeared in its magazine, CFMA Building Profits, and was posted on forvis.com with permission. Our professionals at FORVIS are regular contributors to this publication.