While concerns over supply chain issues in roofing appear to wane, contractors will still likely feel the impact of continued price volatility, largely due to hikes in storage costs.
The industry is experiencing an 11% increase in storage costs year-over-year, and with manufacturers back to full production levels from before the pandemic, roofing contractors should not expect the cost of storage to decrease significantly any time soon, said RC Legal Insights expert Trent Cotney.
“Manufacturers overproduced materials responding to demand and it’s creating quite a bit of inventory,” Cotney said in this brief video chat with RC Publisher Jill Bloom. “When all of this happens they’re passing storage costs onto the end user, and it can lead to potential delays.”
Get more details by viewing the full conversation here, or visit our podcast page and download the episode to listen to it anywhere.
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