How to Counter Horrific Lead Times and Rising Costs in Compounding

It’s no secret that the world is currently experiencing changes of large magnitude in these unprecedented times. Demand for many products considerably outweighs supply, resulting in longer lead times to get products as well as employer labor shortages and higher costs to make products. Unfortunately, this is the new reality we all live in for the foreseeable future. How can plastics industry compounders continue to compete and stay profitable?

This presentation will offer solutions from a compounding machinery supplier's perspective on these ever-increasing challenges.

Agenda:

• Labor shortages, skilled labor in particular
• Horrendous lead times
• Higher costs for equipment, spare parts and wear part replacements