X Mile, Inc., a provider of SaaS and HR platforms for non-desk industries such as logistics, construction, and manufacturing (HQ: Shinjuku, Tokyo; Representative Director: Hiroyuki Noro), conducted a survey on the impact of Middle East tensions (including the Iran situation) on the construction industry, targeting 100 professionals in procurement and ordering roles.
The survey reveals that over 90% of respondents acknowledge the impact on their business, with surging material costs, delivery delays, and 73% of construction sites already halting or considering the suspension of new orders. Specific feedback from operators includes "suspension of mid-career hiring due to material unavailability," "project starts being held up due to labor shortages," and "impact on construction operations in the Asian region (Vietnam, Nepal)."
Survey Highlights: - 95% of construction professionals "feel or fear" the impact. - Over 90% are facing or expect rising procurement costs. - About half report a cost increase of over 10%. - 80% have experienced or expect delivery delays. - 73% of construction sites face the possibility of suspending new orders. - Key affected items: Petrochemical products (adhesives, paints), logistics, steel/metal products, and housing equipment.
Escalating tensions in the Middle East, including the Iran situation, have created a dual crisis of supply chain disruption and rising costs, causing severe operational disruptions on construction sites. Many sites are being forced to review project schedules and limit new orders.
FACT BOX
- Source: PR TIMES
- Category: Survey