Confidence through change

The conflict in the Middle East created fresh uncertainty and increased pressure on energy markets and supply chains. While a fragile peace deal has been tentatively agreed, the impact will be felt for some time as energy spikes and interruptions to trade work their way through supply chains.

As we know well, global issues have a local impact. In the UK, we are already tracking price increases across a range of energy-intensive materials. Investment is continuing, but in a cautious environment. Organisations are scrutinising projects, testing assumptions, and taking longer over key decisions. This is increasing the focus on upfront planning, option testing and independent challenge before major investment decisions are made.

Activity remains subdued in many parts of the market. But, there are signs of opportunity. Long-term investment in infrastructure continues to support future growth, while sectors such as data centres, commercial property and hospitality are showing encouraging levels of activity, compared to recent years and other areas of the market.

The organisations making the most progress are not waiting for market conditions to improve. They are building confidence through better information, purposeful use of technology, strong partnerships and an adaptable mindset. By understanding risks earlier and making decisions based on evidence rather than assumptions, they’re better able to respond to change and deliver successful projects.