003 - 2022's Supply Chain Crisis, & Six Tips to Minimize Impacts on Your Projects

In this video we talk about the supply chain issues of 2021 – how it’s been affecting projects this last year, how we see the pattern continue to develop in 2022, and what you can do about minimizing the effects on your projects and holdings.

The causes of the supply chain issues we are experiencing are many, and also appears to be getting worse. At close of 2021 we are experiencing a huge boom in demand for construction and renovation projects, while the core causes of the supply chain problems are also amplifying. This setup does not bode well for improvements in 2022 – we’ll have to assume that the supply chain will continue to affect us on our projects through the remainder of 2022 and even 2023. This only means that we should put all our efforts on managing what we know, and work with our team to mitigate any impacts on our projects.

Here are Six Steps You Can Take to Assure Minimal Supply Chain Impact on Your Project:
Tip #1: Place your orders quickly.
Tip #2: If You’re Certain You Want It, Go For It
Tip #3: Source Local and In-Stock Items
Tip #4: Track Shipping Origin Points, and Track Vessel Loading and Unloading
Tip #5: Press your vendors for confirmed delivery dates.
Tip #6: Pick The Right Vendors

We’ll be sure to keep you updated and appraised in the next couple of months, as the Supply Chain situation develops into 2022. I’ll be closely watching this on my own projects, and will provide a new update next quarter.