The biggest topics over the last year or so in the HVACR industry have been the supply chain and labor markets. They’ve combined to create a perfect storm of challenges for the HVACR industry. Also, during this time, demand for HVACR products has increased then remained steady. The forecast is to continue to remain steady. Other factors are worrisome. Companies have issued multiple price increases — Allied Air, Carrier, Lennox, and others. HVAC manufacturers are achieving record sales, but not record profits because of supply chain issues. Contractors are navigating this market carefully — and successfully — for the most part.
There are three areas of impact you need to successfully navigate in 2022: material shortages, labor issues, and homeowners. Many consumers are flush with cash and are looking to upgrade their HVAC units now instead of waiting. Here are some strategies for you to be successful in the coming year.