A half-dozen major HVACR manufacturers achieved strong financial results in the second quarter even as they navigated supply-chain issues and other obstacles.
In the latest episode of The NEWSMakers podcast, Kyle Gargaro, editorial director for The ACHR NEWS, talks to Matt Michel, president of Service Nation.
The cost of everything from groceries to used cars continues to climb, and the HVAC industry hasn’t been spared from price increases either. So what is causing these price increases?
Major U.S. retailers were caught with too much inventory and were being forced to heavily discount to liquidate it. This was the result of the Bullwhip Effect.
For many manufacturers, higher efficiency systems have been in the works for a while, but the 2023 DOE standards, pandemic, and current supply chain issues have added pressure.
Crime is a growing problem in many parts of the country, and it’s affecting HVAC contractors. Thieves are stealing tools out of work trucks, along with the catalytic convertors — and in some cases, they are stealing the trucks. Thieves are also targeting the copper and other metals inside of HVAC units, and sometimes even the units themselves.