Editor's Pick: Featured Article

HELUKABEL's Critical Keys to Selecting the Right Cable Manufacturer

As we began 2022, global material shortages and rapidly increasing costs have now become the new reality. The types of materials that have suddenly become difficult to procure are wide-ranging and include computer chips for automotive manufacturing, wood for new construction, and electrical components – just to name a few.

These shortages have created great uncertainty, which is reflected in a recent poll of contractors in the U.S. by the Chamber of Commerce. They reported:

• •83% are experiencing product delays.
• •71% are struggling to meet schedule requirements.
• •68% are experiencing delays expected into 2023.
• •58% are putting in higher bids on projects.
• •53% are saying major project shutdowns/delays are a top concern.
• •41% are saying material shortages continue.
• •39% are turning down work opportunities.

One of the major material components that affect the cost and availability of wire and cable is copper. This widely used metal, which traditionally has been a volatile commodity, has been steadily increasing in price, which is due to several supply and demand issues.

Read more