While global governments are using building and construction as a stimulus to fight their way out of the economic repercussions of COVID, this – combined with several unusual economic factors — has gone on to create the “perfect storm” for timber supply in both the national and global markets.
Ongoing shipping and importing issues due to the pandemic has seen increased pressure within the Australian paint industry for a reliable and consistent supply of quality raw materials. Paint Place Group General Manager, Gary Liddicoat, believes increasing shipping costs have caused prices of raw materials to more than double in the last 18 months, while the time it takes to book shipping container space has been pushed out dramatically, triggering a major reduction in supply of raw material.
There is an element of risk when merging a 60-year-old business with another that has serviced the same region for 160 years. But for the staff and customers of Belmont Timber, the union of this large-scale timber operation with the Fagg’s Mitre 10 Group in 2017, has helped position it as a leading builder and renovator destination.