“I’ve been at this for over 10 years, and I’ve never seen MRO parts activity like I’ve seen in the past year,” says Dave Trice. “Businesses are running equipment longer and harder and maintenance teams are leaner than ever. That’s leading to unique behavior in MRO parts management,” he adds.
Quite simply, companies are “experiencing a measured increase in parts procurement due to supply chain pressures,” says Trice, vice president of lifecycle performance services North America at MHS. He goes on to say this is not the same as consumer panic buying at the start of Covid. But it is notable with good reason.