Wind turbine companies expect a difficult year in 2022.. supply crises continue

Wind turbine companies expect a difficult year in 2022.. supply crises continue
Wind turbine companies expect a difficult year in 2022.. supply crises continue

Many of the world’s largest producers of wind turbines expect another difficult year, due to supply crises and disruptions in supply chains.
According to Vestas Wind Systems A/S and Siemens Gamesa Renebull, high commodity prices and supply chain disruptions are expected to continue until 2022.
This makes it more difficult for an industrial activity, a key factor in achieving the world’s climate goals, to turn a profit.
The challenges come at a critical time, and as world leaders gather in Glasgow, Scotland, to try to make ambitious plans to avert the worst consequences of global warming, installing more equipment for renewables is becoming increasingly difficult and costly.
Andreas Nauen, CEO of Siemens Gamesa, said, “We operate in a very challenging environment, where we are faced with challenging short-term market mechanisms and a lack of visibility in terms of supply chain normalization.”
The turbine industry faces difficulties at almost every point in the supply chain, as components are difficult to obtain, there is not enough shipping capacity to transport finished products, and in some markets workers cannot reach manufacturing sites due to restrictions to contain the global epidemic.
“The supply chain problems will get worse before they get better,” says Tim Wei, an analyst at Moody’s Analytics, a financial and economic analyst.
“As the global economic recovery gains more momentum, what is increasingly clear is that it will be hampered by supply chain disruptions now appearing around every corner,” he added in an earlier IFC report.
He continued, “Border controls and restrictions on movement, the lack of a global permit for the vaccine, and the pent-up demand resulting from staying at home, all combined to form a perfect storm that will disrupt global production, because deliveries are not made in time, costs and prices, and GDP growth will rise throughout The world is not going to be strong as a result.”
He pointed out that the supply is likely to play a role in strengthening the crisis, especially since there are bottlenecks in every link of the supply chain, such as labor, as well as containers, shipping, ports, trucks, railways, air and warehouses.
Supply chain bottlenecks – congestion and blockages in the production system – caused shortages of electronics and cars, and supply problems for meat, medicine and household products.

Source

Wind turbine companies expect difficult year supply crises continue

 
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