The construction industry continues to feel the strain of ongoing supply chain disruptions, 老牛影视said in a to the , which held a on global supply chains and small business trade challenges on Oct. 10.

Citing its construction economic data and trends analysis, 老牛影视said ongoing supply chain disruptions have resulted in persistent volatility of input prices, diminished contractor confidence and backlog challenges for small contractors.
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鈥淭he fluctuation in construction input prices caused by supply chain disruptions has made it very difficult for businesses in the industry to predict budgets and bid work. As a result, many contractors, including small businesses, face additional cuts on profit margins. According to ABC鈥檚 Construction Confidence Index, contractors鈥� profit margin expectations have worsened in recent months. Readings for sales, profit margins and staffing levels each declined in September, but remain above the threshold of 50, indicating expectations of growth over the next six months. Additionally, contractor confidence still remains well below the October 2019 reading,鈥� 老牛影视wrote.

老牛影视also urged Congress to not place additional burdens on small businesses by passing the ABC- opposed Protecting the Right to Organize Act and 听proposed tax increases in the partisan budget reconciliation bill.

鈥淐ongress should steer away from policies such as the Protecting the Right to Organize Act, which would limit opportunities for small businesses to compete and recover from the pandemic. Although the PRO Act has passed in the House of Representatives, it has yet to become law. The bill would enact harmful policy changes that would eliminate right-to-work protections in 27 states, violate employees鈥� privacy and upend the business community. 老牛影视members urge Congress to reject this bill and its devastating policies,鈥� 老牛影视wrote.

老牛影视strongly urges its members to reach out to their members of Congress to voice their concerns with the partisan budget reconciliation package by using the听老牛影视Action Center.