10 minute read
BUSINESS CALENDAR
A new survey of more than 150 equipment manufacturing companies released Dec. 14 by the Association of Equipment Manufacturers (AEM) warns that U.S. equipment manufacturers continue to face supply chain issues and a persistent labor shortage nearly three years after the onset of the pandemic.
AEM surveyed 179 equipment manufacturing executives on the causes of supply chain disruptions and bottlenecks, and the impact it has on production, lead times and profit margins. The survey also asked about availability of components and optimal inventory levels, and queried executives about solutions to address these supply chain challenges.
Nearly all respondents (98 percent) still face supply chain issues, with more than half of respondents (58 percent) experiencing continuously worsening supply chain conditions. The two driving factors of current supply chain disruptions are workforce shortages and access to intermediate components for production.
“Far too many equipment manufacturers still feel the impact of the COVID-19 pandemic and supply chain disruptions on operations, lead times on components, labor force participation, and financial performance,” said Kip Eideberg, AEM’s senior vice president of government and Industry relations. “The impact of this supply chain crunch is only worsened by nation-wide workforce shortages seen across country, which is particularly noticeable on our shop floors.”
“AEM continues to survey our member company executives to better understand how they are impacted by continued high inflation, strained supply chains, and global instability, and to provide elected officials with the data points they need to move legislation that will revitalize U.S. manufacturing and bolster U.S. global competitiveness,” Eideberg continued.
“Republicans and Democrats can take immediate action by extending R&D expensing, enacting meaningful permitting reform, removing tariffs on a range of critical components, and reaching a bipartisan agreement on the debt ceiling.”
AEM conducted this survey in October 2022. Executives from 179 equipment manufacturing companies completed the survey, including 112 original equipment manufacturers and 56 component manufacturers.
The survey’s key findings include: • Nearly all respondents (98 percent) are still facing supply chain issues. • Six-in-ten equipment manufacturers are experiencing continuously worsening supply chain conditions. • The two driving factors of the disruption are workforce shortages and access to intermediate components for production. • Six-in-10 equipment manufacturers are still having issues in workforce recruitment and retention. • Year to date, equipment manufacturers are seeing an average of 12 percent production loss, and are forecasting a slightly lower, but still significant production loss of 8.2 percent in 2023. This production loss is especially critical when many equipment manufacturers are fully sold out for 2023. • Year to date, equipment manufacturers are seeing an average of 8.6 percent profit margin loss and are forecasting a 6.4 percent profit margin loss in 2023. • Lead times continue to be an obstacle. While lead times understandably increased during the pandemic, they have only continued to grow as things stabilized, jumping from an average of 2 (2.42) months in 2019, to 7 months (6.92) in 2022. • Due to this supply chain crunch, certain parts remain difficult to acquire. In the agriculture sector, the most sought-after component are tracks (and their included components); only 27 percent of inventory is available of that component which the manufacturer would deem optimal for their manufacturing operations. In both agriculture and construction sectors, its semiconductors and chips, with an average of 44 percent optimal inventory available across both sectors. • There is no single solution to ongoing supply chain disruptions. • Equipment manufacturers of all sizes continue to utilize a multitude of responses to try and overcome ongoing supply chain disruptions. Responses include increasing inventory and supplier base, more vertical integration of supply chains, certifying alternative suppliers and focusing more attention on supply chain reliability over price.
For more information, visit www.aem.org.
To view our Business Calendar online, go to www.constructionequipmentguide.com.
For information on CRANE SAFETY COURSES: cranesafe@gmail.com 800/654-5640 Address: 224 W. Central Parkway, Suite 1024 Altamonte Springs, FL 32714
ASSOCIATED GENERAL CONTRACTORS (AGC) AGC Events Calendar: All AGC Web-Eds are scheduled in Eastern Standard Time (EST) Conferences are scheduled using the local time zone where the event takes place. • Mental Health & Suicide Prevention Forum (https://www.agc.org/learn/education-training/events/mental-healthsuicide-prevention-forum-0) Date: Thursday, January 19, 2023 - 2:45 PM ONLINE, VIRTUAL Safety and Health • AGC EDGE Construction Supervision Fundamentals (https://training.agc.org/course/vcsf230102/) Date: Monday, January 23, 2023 – 9:00 AM ONLINE, VIRTUAL Training/Professional Development • Virtual Construction Project Manager Course (https://www.pmc.agc.org/) Date: Thursday, January 26, 2023 – 12:00 PM ONLINE, VIRTUAL Training/Professional Development • Surety Bonding & Risk Management Conference (https://risk.agc.org/) Date: Monday, January 30, 2023 – 12:00 PM Bonita Springs, Florida For further information, contact AGC: Phone: 703/548-3118 Email: info@agc.org
WORLD OF CONCRETE (WOC) Exhibits: January 17 – 19, 2023 Education: January 16 – 19, 2023 Place: Las Vegas Convention Center 3150 Paradise Road, Las Vegas, NV 89109 Description: World of Concrete is an annual trade show and conference dedicated to the commercial concrete and masonry construction industries. The event features indoor and outdoor exhibits, product demonstrations and competitions, and educational programs. Part knowledge, part equipment, part connections – World of Concrete is 100% of what you need to keep grinding it out through disruptions to the supply chain, safety and beyond. Get your hands on advanced technology and machinery, access the newest training and techniques in concrete and masonry, and build momentum for another unstoppable year. World of Concrete has been serving the global concrete and masonry industries for 49 years. We connect and educate buyers and sellers through live and digital events throughout the year. Other shows may talk a big game, but only World of Concrete speaks concrete and masonry. We know that a solid foundation is not just part of the structures you build. It is also the key to a more profitable business. That is why you will find everything you need to strengthen your operation here, from new products, innovative solutions, and new technologies to help you capitalize on emerging opportunities. Exhibits: Original equipment manufacturers from around the world and exclusive U.S. distributors of equipment, tools, products and services for the commercial construction, concrete, and masonry industries. WOC attracts approximately 1,500 exhibiting companies and occupies more than 700,000 square feet of indoor and outdoor exhibit space. Who Attends WOC? More than 60,000 industry professionals from all around the world, representing all segments of the construction industry. NOW OPEN! Register for WOC 2023 today and save! (https://www.worldofconcrete.com/en/events1.html)
ASSOCIATED GENERAL CONTRACTORS (AGC) 2023 AGC Safety & Health Conference DATE: January 18 – 20, 2023 PLACE: New Orleans, LA Conference The AGC Construction Safety & Health Conference has something for everyone – from emerging to experienced safety and health professionals. Do not miss this opportunity to gather, connect and collaborate with other thought leaders in the industry. Who Attends: Corporate, regional and project safety and health staff representing construction firms of all sizes that perform various types of construction work. Organizations that offer safety and health services and supplies to the construction industry. For more information on this conference: Associated General Contractors of America (AGC), 2300 Wilson Boulevard, Suite 300, Arlington, VA 22201 Phone: 703/548-3118
Illinois Land Improvement Contractors Association, Inc. (ILICA) Land Improvement Contractors Association Invites Public to Trade Show ILLINOIS LICA’s ANNUAL TRADE SHOW Dates/Times: Friday, January 20, 2023 (1:00 PM – 5:00 PM) Saturday, January 21, 2023 (8:00 AM – 11:00 AM) Place: Isle Casino Hotel, Bettendorf, IA The 2023 Illinois LICA Annual Trade Show will include: Heavy Equipment, Drainage Supplies, Engineering Consulting, Environmental Support, Erosion Control Products, Waste Management Products, Rental Equipment, Insurance, Laser/GPS, Safety For more information on the 2023 Illinois LICA Annual Trade Show, contact Illinois Land Improvement Contractors Association, Inc., 112 Exchange Street, Suite 2, Galva, IL 61434. Telephone: 309/932-1230. Fax: 309/932-1231. Website: www.illica.net.
NATIONAL PAVEMENT EXPO 2023 AND CONFERENCE DATE: January 25 – 27, 2023 PLACE: Charlotte Convention Center 501 S. College Street, Charlotte, NC 28202 Description: The National Pavement Expo Conference provides education in leadership and other sessions on management, paving, sealcoating, and other aspects of the industry. For more information contact Customer Service Toll Free: 864/342-6317.
NATIONAL ASPHALT PAVEMENT ASSOCIATION (NAPA) 2023 Annual Meeting Date: Sunday, February 5, 2023 – Wednesday, February 8, 2023 Address: Loews Miami Beach Hotel 1601 Collins Avenue, Miami Beach, FL 33139 (USA) Description: Educate, Network, and Socialize. NAPA organizes meetings and events in the asphalt industry. These events attract individuals from across the industry: contractors, DOT personnel, construction managers, environmental managers, engineers, designers, estimators, business executives, upper management, young professionals, vendors and more. The NAPA Annual Meeting will give you the latest tools and insights to help you reach your goals in the asphalt pavement industry. General sessions, workshops, committee meetings, and invaluable industry networking make NAPA’s ANNUAL MEETING where the industry gathers to set its future. Website: https://www.asphaltpavement.org/programs/napa-events For more information on the National Asphalt Pavement Association (NAPA) Annual Meeting contact National Asphalt Pavement Association, 6406 Ivy Lane, Suite 350, Greenbelt, MD 20770-1441 (USA). Phone: 301/731-4748; Toll Free: 888/468-6499; Fax: 301/731-4621 MAA, 2937 Atrium Drive, Suite 201, Okemos, MI 48864. Phone: 517/381-1732.
Underground Construction Technology International Conference & Exhibition Dates: Tuesday, February 7, 2023 - Thursday, February 9, 2023 Place: Orange County Convention Center 9800 International Drive, Orlando, FL Underground Construction Technology International Conference & Exhibition (UCT) is taking your conference to sunny Orlando, Florida, February 7 -9, 2023. UCT will be at the Orange County Convention Center, 9800 International Drive, Orlando, FL. It’s just 11 miles from the Orlando International Airport (MCO). The convention center has easy walkability to the headquarters hotel, restaurants and entertainment. And Orlando is easy to get to from anywhere! Known for being the first major business event of the year for the underground utility infrastructure industry, UCT is comprehensive, covering both trenchless and open-cut technologies for new installation and rehabilitation of the underground utility pipe system. Why is this important? UCT is the only conference where you will receive a well-rounded look at the equipment, products, technologies, and services needed for maintaining underground utility conduits, not simply one technology. There’s a program track or session for just about everyone. Learn about latest equipment and technologies available to maintain the underground utility infrastructure. Earn valuable education credit. Network with your peers and build important business connections. The Underground Construction Technology International Conference & Exhibition is the meeting place for industry professionals involved in maintaining underground utility pipe infrastructure. Individuals representing water, sewer, gas, telecom and electric utilities attend to learn about the latest techniques used in trenchless, open cut, new construction and pipe rehabilitation. Nearly 200 exhibitors showcase equipment and technologies used to maintain the crumbling utility piping systems. For more information on the Underground Technology International Conference & Exhibition: Phone: UCT at 800/227-2314 or Email: Info@undergroundconstruction.com
Association of Women Contractors (AWC) February Member Mingle – Gallagher Date: Wednesday, February 8, 2023 Time: 4:00 PM to 6:00 PM Place: Gallagher Insurance 3600 American Blvd. W. Ste. 500, Bloomington, MN 55431 Member Mingles are our monthly networking events. They are hosted by our members, for AWC members only. On the second Wednesday of each month (with a few exceptions, please see our Events Page for all Mingle dates, locations, and times) we visit a different member’s office for two (2) hours of open-house style networking with your fellow industry professionals. Join us on Wednesday, February 8th, from 4:00 PM to 6:00 PM as Associate Member Gallagher Insurance hosts us at their Bloomington offices. Contact Association of Women Contractors (AWC) for more information. Phone: 651/489-2221 Email: awcmn@awcmn.org
MICHIGAN AGGREGATES ASSOCIATION (MAA) 2023 MAA Annual Conference Date: Tuesday, February 7, 2023 – Thursday, February 9, 2023 Address: Firekeepers Casino & Hotel 11177 E. Michigan Avenue, Battle Creek, MI 49014 Description: The Michigan Aggregates Association is Michigan’s leading voice and advocate for the aggregates industry. Our members who represent stone, sand, gravel, recycled products, and slag producers along with the equipment manufacturers and service providers are responsible for the production and delivery of essential raw materials used in our homes, buildings, roads, bridges and public works projects. The MAA provides unity among our members for a variety of daily operations and promotes high and ethical business standards that are both environmentally sound and safe. Our members work with local communities and various youth groups to inform them about the many uses and benefits provided by this natural resource. For more information, contact:
