ISG collapse: At times like these, firms should consider how to make themselves more robust

By Andrew Glider 2024-09-27T06:00:00

The collapse of ISG is the latest in a series of setbacks for the construction sector but the industry has the talent and opportunities to weather the storm and come back stronger, Andrew Glider at KPMG writes

This has not been an easy few years for the construction industry and the collapse of ISG last week is just the latest in a series of setbacks. The covid pandemic, the shortage of HGV drivers, extreme material price inflation, an acute shortage of skilled labour and the need to adapt to much needed but increasing regulations have all put enormous pressure on firms big and small right across the sector.

Of course the level of that impact on each business has varied depending on the nature of their project portfolios, their contracting terms and pre-event financial resource buffers – determining the levers that leadership have been able to respond with.

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