The skills shortage is nothing new, but firms are increasingly worried about it – the number of companies mentioning labour shortages in their filings globally increased by 28% in 2022 compared to 2021, according to research from GlobalData.
The company analysed keywords around shortages in quarter three earnings calls from leading players in numerous industries, including construction. Semiconductor and supply were the other top keywords discussed around the topic of shortages.
“As the construction industry is heavily reliant on labour, it seems to be profoundly impacted by the ongoing labour shortage issue,” said Ekta Chourasia, analyst at GlobalData.