20230330PR 3 Attachment B.pdf

August 2022 RE Magazine 7
Labor Shortages
A tight labor market is causing difficulties in hiring
and retaining factory worker and technicians.
Electric Vehicles
Much of the world’s tight
supply of electrical steel
is being absorbed by the
booming EV market.
Driver Shortages
A shortage of truck drivers and
warehouse workers is impeding
deliveries of finished products.
Shipping
Bottlenecks
Imports of components
made overseas are being
delayed by labor shortages
at U.S. shipping ports.
High Demand
Developments in growing
areas of the country and
summer storm prep are
spiking the need for new
transformers.
Electrical Steel
A global shortage of electrical
steel, a key component in
transformers, is slowing
production.
Coils
Core
Electrical steel plates
Trouble With
Transformers
Months of constricted operations at electrical transformer factories caused by the COVID-19 pandemic ha1 strangled
inventory of these essential grid devices. Add to that spiking demand from new housing developments, scarcity of
raw and finished materials, bottlenecks at shipping ports and a shortage of freight drivers, and it’s a recipe for a
long-term supply crunch. Here are some of the key drivers of the current national transformer shortage.
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RE Mag_August_07-12-22_BATCH_3.indd 7RE Mag_August_07-12-22_BATCH_3.indd 7 7/12/22 5:10 PM7/12/22 5:10 PM