Like most B2B manufacturing companies today, renewable energy manufacturers are facing shortages of raw materials and parts due to supply chain issues. In addition, rising commodity prices and looming inflation, coupled with the highly competitive value-based business model of renewable energy companies, has many struggling to deliver on sales contracts at an acceptable profit margin.
The demand for renewable energy is at an all-time high. Consumers, corporations, and investors are coming to the realization that the planet’s natural resources are, indeed, very limited. Add to this the rising temperatures and changing weather patterns around the globe, the need to make a change is reaching an inflection point.