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Industry Expands On Production, New Orders and Backlogs Activity
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CW survey reveals ongoing supply chain struggles
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A supply shortage of epoxy, polyester and vinyl ester resins, caused by U.S. winter storms and a variety of factors, continue to make headlines and affect the composites industry.
As reported by Gardner Intelligence chief economist Michael Guckes in his latest Composites Fabricating Index column, supply chain difficulties continue to restrict production, “which, in the face of strong demand, has caused a meteoric rise in backlog activity.” (See the latest Business Index columns here: compositesworld.com/hashtag/economics)
In response to this data and other industry reports,
CW, with Gardner Intelligence, recently surveyed 144 composites fabricators to learn more about what the industry is experiencing.
Fig. 1. Overall business activity of glass fiber manufacturers from 2015 to early 2021, based on data from Gardner Intelligence.
As the coronavirus pandemic enters its second year, and as the global economy slowly re-opens, the worldwide glass fiber supply chain is facing shortage of some products, caused by shipping delays and a fast-evolving demand environment. As a result, some glass fiber formats are in short supply, affecting the fabrication of composite parts and structures for the marine, recreational vehicles and some consumer markets.
As noted in
CompositesWorld’s monthly Composites Fabricating Index reports by Gardner Intelligence Chief Economist Michael Guckes, even as production and new orders recover, supply chain challenges continue to persist across the entire composites (and manufacturing in general) market into the new year.
Mouldmaking business activity ends 2020 on a positive note
United States Mouldmaking business activity ends 2020 on a positive note
The Mouldmaking Index ended on a high note in December in the U.S. thanks to increased readings for both production and new orders. Related Companies (Source: Schulz)
United States – The Moldmaking Index ended 2020 on a positive note thanks to a December reading thanks to increased readings for both production and new orders, Gardner Intelligence s Michael Guckes said. The economist says that the last time the Index was at or above this level was in early 2019. This elevated reading was, in part, a result of strong expansionary activity in new orders and production. Furthermore, a growing proportion of survey respondents reported expanding employment and backlog activity.
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