Odd Lots
Lots More on America's Electrical Components Crisis
Apr 12, 2024
Chris Hatch, a partner at Forza Development and a seasoned commercial real estate developer, shares critical insights into the ongoing electrical components crisis. He discusses the persistent shortage of transformers and switchgear affecting construction projects across the U.S. Many developments sit idle, waiting on these essential components due to lingering supply chain issues from the pandemic. Hatch sheds light on the financial ramifications and the complex web of the supply chain, revealing the pressure on businesses to adapt amid rising costs and delays.
22:45
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Quick takeaways
- Shortage of electrical components persists post-pandemic, hindering construction progress.
- Supply chain constraints lead to delays in acquiring transformers, impacting project timelines and budgets.
Deep dives
Shortage of Electrical Transformers and Switch Gears
The podcast episode discusses the shortage of electrical transformers and switch gears, highlighting their crucial role in powering buildings. The speaker, Chris Hatch, shares his experience with delays in acquiring switch gears for his development projects due to supply chain issues. He explains how the scarcity of transformers and switch gears has become prevalent in the post-COVID era, leading to significant challenges in completing construction projects.
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