State of the Commercial Roofing Industry.
The NRCA (National Roofing Contractors Association) identified the changes listed below as significant challenges to the supply chain in the commercial roofing industry.
In 2020 and 2021, the changes in the world were both global and a perfect storm: the pandemic, the fires in the northwest United States, hurricanes, hail storms, flooding, working from home, stimulus money that changed consumer spending, blockage of trade ships in the Suez Canal, trade wars with China and the shortage of commercial truck drivers.
According to the NRCA, these problems have created unprecedented supply chain disruptions, challenges and shortages affecting roofing materials, tools and accessories. All manufacturers have announced price changes due to the increased costs of manufacturing and the low inventory of raw materials.
Additionally, the 2020 Atlantic Hurricane season was the most active on record and the fifth costliest with $51 billion in damages and 12 named storms with Louisiana being the hardest hit state. Supply and labor shortages to rebuild after the hurricanes were a serious challenge for roofing contractors.
As an essential service provider, CentiMark quickly adapted to both the public and private mandates and restrictions that were put in place during the pandemic. We changed the way we sold roofs, adapted to health and safety requirements and protocols for our associates and our customers, and listened to our customers' changing needs. As such, we are cautiously optimistic that our business levels will reach new record levels in 2021.
“At CentiMark, we continue to see significant price pressure and extended lead times on nearly all construction-related materials,” says James Patterson, C.P.M., CentiMark Senior Vice President. “The supply related issues will continue into the fall with no anticipated relief until early 2022.”
Moving forward, communication is the key. Roofing contractors have to manage expectations with their customers about when a job will start, when it will be completed and update them on the pricing increases. Communication regarding any unanticipated delays with supplies and materials is essential. If possible, procure supplies and materials as soon as the roofing contract is signed to avoid shortages and to be realistic with job timelines.
The State of the Commercial Roofing industry is good. Yes, there are challenges with labor shortages, supply chain disruptions and price increases. However, CentiMark is ready to get your roof on the right track. Talk to a CentiMark representative today and let’s get started.