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Supply chain issues, workforce retention and inflation cited in lower outlook
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API’s senior vice president said that the industry makes long-term capital investments based on supply and demand; the decline in demand was so significant and quick during COVID and then came back relatively quickly, so it's taking time for supplies to catch up.
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A combination of factors is causing fundamental shifts in supply chain approaches across the industry. These include pandemic lockdowns, blocked shipping lanes, container scarcity, material and component shortages, extreme weather events, rising prices and military conflict.
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The contract asks Trillium to supply equipment that requires additional qualification tests.
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CATCH will be the entry point for many manufacturers to understand how and why additive manufacturing is crucial to designing products more effectively, manufacturing them closer to the point of purchase and creating a more resilient supply chain.
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The company’s Econo/HAT-RA valves were designed to safeguard water supply pumps during system abnormalities.