We have seen a good mix of opportunities in all areas of our business, from capital equipment to aftermarket sales and support.
One of the more interesting aspects of the opportunities we’ve seen is the apparent growth in larger multi-unit applications, including the modular, portable and static portions of our business. This is a strong indicator that many companies are focused on long-term investments for their business.
We’ve been challenged by many of the same factors that everyone is seeing: supply chain, labor, freight and logistics. We’ve also been challenged by continued price increases across many areas of our business. Like many others – including our customers – we are also having a tougher time filling open positions.
I think we’ll see many markets remain strong throughout 2022. Equipment availability will likely play a larger role in customers looking to grow or replace older equipment, and we are focused on working with our distribution partners and our factories to have stock equipment ready when customers need it.
We’ve been focused on many sourcing activities and managing costs for our business, and that will remain a priority throughout 2022. We are also making investments in our businesses to improve safety and gain efficiencies at our facilities.
Russ Burns is director of sales at Terex MPS.
Featured photo: Portable Plants Staff