As you are probably aware by now, the pandemic in 2020 caused a decrease in production, but there was also a decrease in demand as well. Now that things are returning to (a new) normal, there are some impacts to HVAC parts and equipment you may be unaware of.
There are a number of current factors that have already created a dramatic increase in lead times for all industries, and are leading experts to predict a parts and equipment shortage. For one, raw materials are difficult to obtain, and therefore also more expensive. Another factor is that now that production is increasing, shipping and transportation (ships and trucks) are being overwhelmed and lack the necessary assets to meet demand. These circumstances are affecting all industries, but could be even more influential to the HVAC industry. The pandemic caused not only more empty buildings, meaning their HVAC systems were less used, but also a restriction on spending for many companies. Whether from the lack of need or from a desire to cut back on spending, maintenance for buildings was often put on the backburner.
Now, as more people are returning to facilities of all varieties, the prioritization of building maintenance is returning as well. Industry experts are therefore predicting a heavy impact to the HVAC industry which could lead to longer lead times or complete parts shortages.
With maintenance-heavy summer approaching fast, it's never been more important to stock up on HVAC parts for the coming months. Make sure you have what you need so when the shortages hit, you're left unscathed. LONG PartsPros is here to help you get what you need, when you need it. Shop online 24/7 at longpartspros.com or call us at 855-566-4778.