Leaders of the construction industry have called on the government to do more to ease the problems connected to companies obtaining credit.
Claiming that problems faced by small and medium-sized businesses in their attempts to obtain credit could lead to severe problems in the economy further down the line, John McDonough, chairman of the Confederation of British Industry's (CBI) Construction Council, suggested that the government should provide more solutions.
"Access to credit has tightened considerably over the last few months and we urgently need to get lending working across the whole of the economy," he said.
"Unless the government takes bold steps to kick-start lending across the board, we will see more construction firms going under and more skilled jobs lost, which will be difficult to replace when demand picks up again."
The problems connected to credit liquidity are likely to affect many companies throughout a supply chain, and so having back-up suppliers should be a crucial tactic for any organisation.
Supply chain management companies can help businesses of all kinds ensure that they have the back-up systems in place to make their way through a supplier failure.
Manufacturing and Industrial:
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