Q2 2023 MEP Cost Index Report

The ever-increasing complexity and interconnectedness of global markets continue to add new layers of challenges. This makes the mechanical and electrical supply chain a constant hive of adaptation and activity. The continued need for agility comes with its own set of constraints as manufacturers strive to maintain optimal inventory levels and production capacities. Regardless of these efforts, the largest reported challenges continue to be component under stocking.

Manufacturers are increasingly adopting strategies of leaner manufacturing and design, just – in – case inventory management, and improved collaboration with suppliers. A resurgence in research and development for standardization and interchangeability of components between product lines has taken a dominant theme. SourceBlue is engaging with manufacturing partners in demand and capacity planning efforts aiming to reduce lead times and increase schedule certainty