To review the Impact of Brexit and the COVID-19 pandemic on logistics in the sourcing of marble for the luxury commercial development sector in Ireland, specifically tier-three construction firms
Authors
Linehan, David
Issue Date
2024
Degree
MBA in Project Management
Publisher
Dublin Business School
Rights holder
Rights
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Abstract
This dissertation critically evaluates the dual impact Brexit and the COVID-19 pandemic had on the sourcing of marble for the luxury commercial development sector in Ireland, specifically on tier-three construction firms (for which the vast majority of construction firms in Ireland fall within). The direct impact of both the geopolitical fallout from Brexit and the health crisis induced by COVID-19 had on the macroeconomic environment for tier three Irish construction companies in sourcing marble resulted in complexities around new trade barriers, uncertainties disrupting established supply chains, changes to governmental policies brought about in rapid succession due to successive lockdowns, global lockdowns worldwide, labour shortages, amongst others.
This study employs a qualitative research approach providing valuable insight from industry leaders within three construction companies utilising semi-structured interviews conducted with mid to senior management and subsequent findings analysed, intending to paint a comprehensive picture of these impacts. The research revealed a significant strain on tier-three construction firms during this period. Negotiating powers of these firms were impacted due to market fluctuations and volatility brought about by Brexit and COVID-19. It revealed the strategies adopted by these firms including diversification of supply sources, employing procurement specialists as a means to mitigate against these market events. The findings contribute to a deeper understanding of the resilience and adaptability of smaller players in the construction sector facing global challenges and offers insights into potential policy and managerial responses to mitigate such impacts in the future.
In conclusion, the research served as a microcosm for studying the broader implications of global disruptions on niche supply chains such as marble, providing valuable lessons in adaptability and strategic foresight in an increasingly unpredictable global market and highlights how these firms can learn lessons to adapt in a post-Brexit and post pandemic world.