This podcast episode explores the challenges faced by the construction industry due to the shortage of electrical transformers and switchgears. The shortage, which has persisted for 42 straight months, has impacted building development projects, leading to extended lead times, increased costs, and halted progress. The limited number of manufacturers and lack of communication within the supply chain further exacerbate the issue. The increased demand for electrical components from industries such as electric vehicles, data centers, and AI has outpaced the supply, compounding the crisis with high interest rates. Overall, the shortage of electrical equipment poses significant obstacles to the construction industry and calls for better planning and communication to address the issue.
