The power industry supply chain is facing challenges, with Wesco offering solutions
From Yahoo Finance: 2025-04-24 15:43:00
The power industry supply chain is under immense strain due to aging infrastructure upgrades facing longer lead times and increasing project complexity. Critical components like transformers now take up to two years to source, threatening grid reliability. Utilities are pressured to modernize systems while integrating renewable energy and meeting electrification demands. The supply chain crisis results from a collision between outdated models and tomorrow’s grid requirements, exacerbated by geopolitical tensions and global competition for limited resources. Innovative procurement, manufacturing, and strategic planning are essential to address the crisis. Wesco, a leading global supply chain solutions provider, offers utilities a one-stop solution for program services, project site services, and asset management to ensure cost reduction, risk mitigation, and operational efficiencies. Wesco’s transparent pricing approach includes building recovery models for large programs to manage complexity and achieve project goals. The company’s tailored approach covers demand management, sourcing and procurement strategy, inventory control, SOPs, project management, contractor dealings, returns, and reclamation programs, ensuring a comprehensive and efficient project lifecycle. Wesco remains agnostic towards suppliers, facilitating direct relationships between customers and suppliers to provide the most value. Utilities can outsource supply chain management to focus on core operations while leveraging specialized expertise in logistics, workforce training, and project site services. Wesco’s advisory services, kitting, and labeling ensure project efficiency, risk minimization, and resource optimization. Ultimately, this approach allows firms to reallocate capital expenditures to operating expenses, resulting in a clearer distinction between core business operations and specific projects.
Read more at Yahoo Finance: Optimizing Supply Chain Processes to Ensure a Reliable Electric Power System