The war in Ukraine threatens to create more supply chain issues heading into the summer of 2022. Soaring energy prices are the main problem along with suspended trade routes stemming from the conflict.
The invasion of the Ukraine by Russian forces is an unfortunate turn of events as the supply chain issues of 2021, created by the COVID-19 pandemic, were finally starting to alleviate.
Since the beginning of the invasion, the U.S. and European countries have sought to punish the Kremlin through economic sanctions and other measures. The Nord Stream 2 pipeline was shutdown, targeting Russia's biggest companies and financial sector.
The package of U.S. sanctions is on par with those imposed by the European Union, the United Kingdom and Canada.
Analysts say supply chain disruptions will likely ease in the coming months, helping correct a supply-demand imbalance and slow inflation.
Many construction companies in the US, already used to being forced to adjust to challenges posed by the pandemic, are simply taking the new disruption in stride. Being two steps ahead when it comes to construction starts and strategies to complete current projects is paramount like never before.
Planning ahead when it comes machine maintenance, buying parts, and fixing machines that are down is vital in helping reduce downtime. In some instances, parts are two months out our more so if a machine owner suspects a main component like a final drive or main pump could fail in the near future, it only makes sense for the company to secure the part in anticipation of downtime.
At ConEquip Parts, we do everything we can to reduce downtime by getting the parts ordered and out to our clients as soon as possible.
