You might
have heard about the worldwide shortages that have been sparked by a
combination of the global pandemic, weather (freeze) catastrophes in Texas,
fires in China, a lack of workers, and more. The supply chain has suffered from
these setbacks, causing shortages in various industries such as technology,
automobile, furniture, transportation, appliances, and electrical equipment.
Shortages
began during the global pandemic, as industries were affected by transportation
and staffing issues. However, during the past three months, resin paints have
been extremely difficult to acquire. Polyester and vinyl ester are most
challenging to obtain, followed by epoxy.
Thanks to a
boom in new construction and countless homeowners upgrading due to confinement,
demand for paint has been skyrocketing as well. Jim Baird, chief investment
officer at Plante Moran Financial Advisors in Kalamazoo, said, “Strong demand
is a good problem to have, but that demand is increasingly straining
manufacturers’ ability to keep pace.”
Greg
McLaughlin, composites manager at Sea Force Center Consoles, said, “Resin
distributors are rationing resin deliveries, with large-volume builders first
in line. We’re hearing the industry could face a four- to six-week delay in
resin products due to the Texas freeze from damages related to processing
plants’ piping and fittings.”
At J&P, we know the supply chain can be
unpredictable, which is why we make sure to overstock when possible and plan
for times like these. With paint orders being backordered for five months (and
counting), things can get a little stressful but rest assured, the quality of
our product will not be compromised!
J&P Electrical is a full-service electrical equipment
company. At J&P, we supply contractors, end-users, and supply houses with
new surplus, quality reconditioned, and obsolete electrical equipment. We also
purchase a wide range of electrical equipment such as bus plugs, ducts, panel switches,
substations, and transformers. Call us at 877-844-5514 or visit us at https://www.jpelectricalcompany.com.
Written by the
digital marketing staff at Creative Programs & Systems: www.cpsmi.com.
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