British Gypsum Comment: Q2 2020

Stacey Temprell, Marketing Director British Gypsum is BMBI’s Expert for Drylining Systems.

Unsurprisingly the impact of COVID-19 still dominates and will do so for the foreseeable future but, as we come through this period, we are starting to see some glimmers of hope that we can emerge from the pandemic. This month we learn that the government has committed to £1.3bn investment to deliver new homes, improve skills, create jobs and upgrades to local infrastructure. This, alongside the prime minister’s strategy of ‘Build, Build, Build’, gives us the strong government-backed intent we need to recover from this crisis.

There is no question that this high-profile government stimulus will support the new build housing and commercial build markets. Conversely, unemployment levels over the coming months could have a significant impact on consumer confidence and the domestic RMI market. While the stamp duty holiday grabbed the headlines, this initiative is unlikely to bring any immediate benefits to the slower property market, which also has a significant impact on RMI demand as people like to improve their new home after they’ve moved in.

As an industry, we have a long road of recovery ahead of us, but what COVID-19 has taught us is that how we respond to the challenges ahead of us is entirely within our gift. Like all businesses we have had to implement change at record pace, but we’ve demonstrated that we can rise to this challenge. We have all modified our working practices overnight to enable business to move forward and buildings to get built. We have accelerated the adoption of digital collaboration across the construction industry almost overnight. Right now, we have an incredible opportunity to further embrace digital technologies and drive out inefficiencies in the construction supply chain. By doing so we are paving the way for a new, more resilient construction economy.

This period has been tough, tougher than we expected but we are optimistic that this new sense of construction-community will remain. Our immediate priority is to work closely with our customers to ensure that future generations of construction professionals are better able to deal with future threats.

Share this article:

Categories

View All (417)

Archive

Launched in 2015, the award winning monthly Builders Merchant Building Index (BMBI) report is the only reliable measure of repair, maintenance & improvement (RMI) activity in the UK. Filling an important gap, it can be widely used in construction, and by economists, Government, national media, commentators and influencers outside the industry.

Contact