Solving the Gib crisis by involving the workforce - News Summed Up

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Solving the Gib crisis by involving the workforce


Market forces have helped create the Gib crisis, but they won’t produce a solution, argues Robert Reid. Despite lifting those duties in 2014 to support competition in the building materials market feeding the Christchurch rebuild, Fletchers’ market dominance remains all but absolute. READ MORE:* 'Unsustainable': Shareholders ask Fletcher to explain Gib crisis* Gib shortage: Can you swap in an alternative for your new build or renovation? Simplicity noted that Thai plasterboard can be procured for 20% less than Gib, even though more than half of that cost is on shipping. Looking at the residential construction sector alone, economic modelling suggested that removing margins from the equation could reduce costs by 7-12%.


Source: Stuff June 24, 2022 01:09 UTC



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