Tempe Trophy Aims to Build Stocks and Mitigate Market Volatility
TEMPE, ARIZONA, USA, September 4, 2021 /EINPresswire.com/ – As shortages of building materials on copper and electrical wires continue around the world and growing consumer demand pushes prices to new levels. At record levels, a Tempe-based electricity utility is pivoting its business model to bolster inventory and keep costs relatively stable for local electricity and solar contractors.
Recently, the National Association of Homebuilders (NAHB) released its May 2021 survey which shows retail copper wire prices have climbed 40-50% in the past two months, while 77% of electrical contractors indicate a shortage. With more people flocking to Arizona than ever before, it means a series of construction delays and breaks for the foreseeable future due to the COVID-19 pandemic forcing manufacturers to cease or slow production, China buying half of world copper production and depleting copper reserves with little or no discovery of new deposits.
“Much like what we saw at the start of the pandemic when there was a race for essentials like hand sanitizer and masks, the supply chain for the electrical industry has been significantly disrupted. Over the past few months, several suppliers have warned me of an increase in shortages and a 90% increase in the cost of steel, among other supplies, ”said Jason Hood“ My customers are mainly electrical contractors , it is heartbreaking to see the massive blows that they are about to be struck. That is why they can be assured that Tempe Trophy will do everything in our power to help address some of the challenges as we work together with the Electrical Trade Organization and the Tempe Chamber of Commerce to find solutions to to maintain production and construction. deadlines on time.
A family-owned business founded over 35 years ago, Tempe Trophy is the largest supplier of solar safety panel labels and tags throughout the Southwest. Pivoting its business model in recent months to better equip its customers, Tempe Trophy is working with its manufacturers to strengthen its inventory and provide long-term price stability on in-demand electrical supplies, including copper and wire for help mitigate volatility in the market and facilitate bidding estimates. The company is also adding further automation to its burn process to ensure accurate time estimates and avoid further delays.
For more information or to learn more about Tempe Trophy, visit https://www.tempetrophy.com/.