The shortage of flexible ducts is a problem that has been plaguing the HVAC industry since the start of the pandemic. This shortage is due to the global shortage of stainless steel, one of the main components used in the production of flexible ducts. These ducts are essential for air to travel from one point to another, and currently, some sizes have a wait time of a few weeks. Companies have reported that the shortage is not as severe as it was last year, but the new issue is the lack of ducts.
The international shortage of raw materials has had an impact on the air conditioning industry, leading to longer waiting times for many people in North America. To keep your HVAC business running smoothly throughout all four seasons, you should consider investing in customizable financial products, insurance, wealth advice and loss prevention services. Your technicians are likely to be dealing with customers who are frustrated with the ongoing shortage of HVAC equipment and price increases, so it's important to keep them informed about updates from suppliers so they can pass this information on. HVAC equipment manufacturers are also facing labor shortages due to workers getting sick or taking leave to care for other family members, resulting in factories producing less than they used to. Unfortunately, as parts wear out due to regular use, the longer air conditioning systems are in operation, the sooner they will need to be repaired or replaced.
This article will explore what is causing the shortage of HVAC equipment and how your company and technicians can respond. The heating, ventilation and air conditioning (HVAC) supply chain is still being affected by serious disruptions and production shortages. Until the bottleneck in the HVAC supply chain is resolved, it will remain a difficult time for the industry. Not only do companies have to set higher prices for their customers to cover costs, but because of the shortage, they may not be able to complete a job on time even after charging more. Barton and Moshures suggested that some solutions for overcoming the shortage may include raising prices or switching to other brands. In addition to COVID-19, several other factors have contributed to an international shortage of raw materials for many companies, including those that manufacture heating, ventilation and air conditioning systems.
As a result, consumers have seen a significant increase in the cost of air conditioning equipment, with some items rising by more than 80% compared to this time last year. The best way for HVAC businesses to cope with this shortage is by investing in customizable financial products, insurance, wealth advice and loss prevention services. This will help them stay informed about updates from suppliers and provide their technicians with the necessary information they need when dealing with customers who are frustrated with the ongoing shortage of HVAC equipment and price increases. Additionally, businesses should consider switching to other brands or raising prices if necessary.
