The Infrastructure Investment and Jobs Act (IIJA) will fuel construction materials demand, according to a new report from FMI Capital Advisors. The 2022 construction materials report, “Seizing the Opportunities Ahead,” also cautions the ability to meet the demand will be tempered by labor shortages, inflation, and supply chain issues.
“2021 was a very good year for construction producers,” said George Reddin, managing director, in a prepared statement. “Passage of the IIJA will mean a significant increase in highway and street funding in 2022 and beyond.... While the infrastructure bill presents many opportunities, we are also faced with the reality that we don’t have enough skilled laborers needed for production.”
Said Rob Mineo, director, in a statement:
“Companies will need to evaluate resources and figure out their right approach moving forward. This report is intended to shed light on the opportunities and challenges they will face in the coming years, and how they will navigate them in order to succeed.”
Source: FMI
