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Economic Slowdown or Slow Recovery
Global economic uncertainty is being fuelled by geopolitical volatility and unpredictable inflation and interest rates.
Industry Overview
Construction
An Industry Being Transformed by Digital and Green Commitments
Demand for construction has rebounded — even accelerated — in the years following the pandemic. But against this backdrop, the industry faces ongoing challenges, including supply chain disruption and scarcity of materials, a lack of available talent and the uncertainty of operating in a volatile economic landscape. Plus, perennial risks like cashflow management have not gone away.
Of course, new challenges are always emerging. Cyber and intellectual property-related threats are rising, and climate considerations are rapidly growing in importance. This is not a moment where leaders can afford to stand still.
To address these challenges, Aon has vast experience in providing risk capital and human capital capabilities to contractors, developers, investors, and the full range of organisations that support the construction industry. We continue to innovate on behalf of clients, developing solutions such as environmental, social and governance benchmarking to help leaders reduce their overall cost of risk and manage their people and risks optimally.
Top 5 Current Risks
According to our latest Global Risk Management Survey, the biggest risks facing the Construction industry include:
