Economic disequilibrium happens when external forces cause a disruption in the market's supply and demand equilibrium. When this happens, the market enters a period when supply and demand are mismatched.1 Whether you needed a sofa, a desk chair, an automobile or PVC pipe in 2021, there is a good chance you heard this statement over and over again―IT’S BACK ORDERED!
“Delays, product shortages and rising costs continue to bedevil businesses large and small. And consumers are confronted with an experience once rare in modern times: no stock available, and no idea when it will come in.”2―The New York Times
“Factories around the world are limiting operations — despite powerful demand for their wares — because they cannot buy metal parts, plastics and raw materials. Construction companies are paying more for paint, lumber and hardware, while waiting weeks and sometimes months to receive what they need."3 ―The New York Times
Unfortunately, PVC product manufacturers, including those producing PVC electrical pipe and fittings like CANTEX, got hit even harder with supply issues. In addition to COVID’s impact on production and logistics, PVC manufacturers are also dealing ... Read Full Post>