Supply Chain Constricts Outlook at Mid-Year

Some 40 percent of fleets are increasing in-house stock on key parts in response to supply chain issues. What a ride this decade has been. From the high of early 2020, through a pandemic, past the euphoria of an infrastructure bill, to current frustrations with supply and inflation, equipment managers have had no easy task planning for the future. In our 2022 Annual Report & Forecast published in January, fleet managers expressed optimism about 2022 and were planning fleet moves accordingly. They did, however, acknowledge the threat of supply chain constraints to their fleet plans. Those have not eased, but inflation has added further pressure on budgets as fleets prepare for projects that infrastructure could bring into their pipelines. Midway through 2022, seven of 10 fleet managers say they are lowering business expectations as a result of supply issues, and four of 10 are increasing maintenance spending. READ FULL ARTICLE>>