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Data signal a pivotal moment for composites industry

Data signal a pivotal moment for composites industry
compositesworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from compositesworld.com Daily Mail and Mail on Sunday newspapers.

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Resin shortages continue to affect composites supply chain

Photo Credit: Getty Images
A supply shortage of epoxy, polyester and vinyl ester resins, caused by U.S. winter storms and a variety of factors, continue to make headlines and affect the composites industry.
As reported by Gardner Intelligence chief economist Michael Guckes in his latest Composites Fabricating Index column, supply chain difficulties continue to restrict production, “which, in the face of strong demand, has caused a meteoric rise in backlog activity.” (See the latest Business Index columns here: compositesworld.com/hashtag/economics)
In response to this data and other industry reports,
CW, with Gardner Intelligence, recently surveyed 144 composites fabricators to learn more about what the industry is experiencing. ....

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Composites Index jumps five points to an all-time high

Composites Index jumps five points to an all-time high
compositesworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from compositesworld.com Daily Mail and Mail on Sunday newspapers.

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Slow supply chains and strong demand elevating material prices

The Composites Fabricating Index set a new multi-year high resulting from accelerating activity in new orders, employment, backlogs and supplier deliveries.
The Composites Index rallied 6 points during February to close at a 2 ½-year-high reading of 58.3. The month’s gains were driven by a 10-point increase in new orders activity followed by a 7-point increase in backlog and supplier delivery readings and a 6-point increase in employment. Backlog, new orders, supplier delivery and employment activity all set multi-year records during the month.
The history of the Composites Index indicates that even modest changes in supplier delivery readings can have amplified affects on material prices. Fabricators should expect material prices to remain highly volatile the longer that supply chains remain disrupted. ....

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Glass fiber supply chain struggles amid pandemic, economic recovery

Fig. 1. Overall business activity of glass fiber manufacturers from 2015 to early 2021, based on data from Gardner Intelligence.
As the coronavirus pandemic enters its second year, and as the global economy slowly re-opens, the worldwide glass fiber supply chain is facing shortage of some products, caused by shipping delays and a fast-evolving demand environment. As a result, some glass fiber formats are in short supply, affecting the fabrication of composite parts and structures for the marine, recreational vehicles and some consumer markets.
As noted in
CompositesWorld’s monthly Composites Fabricating Index reports by Gardner Intelligence Chief Economist Michael Guckes, even as production and new orders recover, supply chain challenges continue to persist across the entire composites (and manufacturing in general) market into the new year. ....

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