EY says ongoing materials and labour shortages set to dent firms’ margins later this year

By Dave Rogers2021-07-21T05:01:00

Source: Shutterstock

Profit warnings from listed firms in sector during first half fall to five year low

Accountant EY-Parthenon has warned that materials and labour shortages are set to hit activity and margins in the second half of the year.

The firm said the ongoing shortage of skilled labour following Brexit and worries about accessibility to materials such as timber and steel, coupled with a squeeze on shipping, would hit the supply chain.

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