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.