The results show that despite challenging trading conditions – rising inflation, supply chain issues, worker shortages, the impact of the war in Ukraine – construction OEMs and contractors are seeing their businesses perform well. There are some caveats to this though, with OEM Wacker Neuson saying that it expected its Q1 results to be the best of the year and its CFO commenting on the supply chain situation that, “We are still a long way from a normalisation of the situation.” In its report Caterpillar said that supply chain conditions were generally improving but “pockets of challenge” still remain, particularly for large engines.