Canadian Electrical Wholesaler

April 18, 2022

CEW HELUKABEL Logo 400At the beginning of 2022, global material shortages and rapidly increasing costs havenow become the new reality. The types of materials that have suddenly become difficult to procure are wide-ranging and include computer chips for automotive manufacturing, wood for new construction, and electrical components – just to name a few.

These shortages have created great uncertainty, which is reflected in a recent poll of contractors in the U.S. by the Chamber of Commerce. They reported:

  • 83% are experiencing product delays.
  • 71% are struggling to meet schedule requirements.
  • 68% are experiencing delays expected into 2023.
  • 58% are putting in higher bids on projects.
  • 53% are saying major project shutdowns/delays are a top concern.
  • 41% are saying material shortages continue.
  • 39% are turning down work opportunities.

One of the major material components that affect the cost and availability of wire and cable is copper. This widely used metal, which traditionally has been a volatile commodity, has been steadily increasing in price, which is due to several supply and demand issues.

On the supply side, some of the largest copper mines are seeing their reserves dwindle; they are having to dramatically slow production due to major capital-intensive projects to move operations from open pits to underground.

The world’s second-largest copper mine, Grasberg, located in Indonesia is emblematic of the problems copper miners are facing. The mine began as a large open pit, but after decades of extraction operations the easy-to-reach ore is gone and future production is expected to come from a deep cave deposit known as the Deep Mill Level Zone. Copper concentrate exports have plunged dramatically as operations shift from open pit to underground according to Reuters.com.

Major South American copper mines have also been forced to cut production. State-owned Codelco has said it will scale back an ambitious $40-billion plan to upgrade its mines over the next decade. The world’s largest copper company also said it will reduce spending through 2028 by 20 percent, or $8 billion.

On the demand side, copper’s widespread use inconstruction wiring, piping, and electrical transmission lines, makes it a key metal for civil infrastructure.

Additionally, the continued move towards electric vehicles (EVs) places a huge demand on copper. In EVs, copper is a major component used in electric motors, batteries, inverters, and wire harnesses. An average electric vehicle contains about four times as much copper as a regular, gas-powered vehicle.

Copper is also found in the charging stations, which are continuing their own infrastructure ramp up to support the growth of the EV market. A Level 2 charging station requires 15 pounds of copper, a direct current fast charger (DCFC) or a Level 3 station uses 55 pounds.

BloombergNEF forecasts by 2040 there will be a need for 12 million charge points, each requiring about 22 pounds of copper. Currently, the number of charging stations recently passed the one million mark.

Due to the shortages in supply and increases in demand forcopper, significant disruptions to electronic and electrical component supply chains are occurring, which result inlonger lead times. Unfortunately, they are not product, series,or manufacturer specific, so the best way to mitigate this issue is to give full visibility to your manufacturing partners and allow them to manage and leverage the supply chain effectively.

When selecting a wire and cable manufacturing partner during these uncertain times there are a few key factors to consider:

Inventory

One of the best ways to mitigate ever-changing lead times with wire and cable is choosing a manufacturer that iscommitted to inventory. Many manufacturers have scaled back inventories in fear of rising copper costs. HELUKABEL maintains a significant amount of inventory in a wide variety of single and multi-conductor cables at our North American warehouses with additional stock at our automated, 1.8-million-square-foot logistics center in southern Germany. Having multi-million dollars of stock on the shelf serves as a hedge to minimize lead times.

Lead Times

As manufacturing continues to manage supply chain shortages, delivering product solutions rapidly is critical to customers. At HELUKABEL, we pride ourselves on industry-leading logistics and are committed to quick deliveries. With the significant amount of inventory in North America, orders placed will ship the same day or within a few business days to our valued distributor partners or direct to our customers. Every week we receive an air shipment from Germany, which allows us to provide access to our European-stocked materials in as little as four days. For those customers that want to have material on order, but don’t need it immediately, bi-monthly ocean shipments from Germany to North America are available, and products can be reserved/staged for future shipping when customers need it, just-in-time.

Flexibility

Finding stock on wire and cable and having it delivered quickly are important, but minimum order requirements can be equally crushing to manufacturing. When a customer needs 350 feet of cable, but is forced to purchase a 5,000-foot reel, especially as copper costs continue to escalate, it can be devastating. All that extra cable provides no return on investment and ultimately affects a project’s profitability. HELUKABEL offers little to no minimum order requirement and provides the service of cutting and re-spooling cable as needed.

Customization

When it comes to sourcing, purchasing material that is on the shelf is always ideal. At HELUKABEL, we have a portfolio of over 33,000 products. Occasionally, there is a need for something unique because what is on the shelf just won’t work. Designing and manufacturing a custom solution is another advantage where we can partner with you. HELUKABEL is at the forefront of the cable and wire industry with our innovative and cutting-edge designs.Our customers expect extreme resistance to chemical, electrical and mechanical stresses, small bending radii, a high number of flexing cycles, and an outstanding lifespan. Our research and development team is constantly working on creating new, top-of-the-line products that meet and exceed our customers’ ever-changing application requirements.

Responsiveness

The phrase “time is money” is more apparent now than ever. For mission-critical projects, a delayed response, or worse yet no response, can make the difference in meeting a deadline or failing to do so. It can be frustrating to leave an important message in a voicemail system with the hope that it may be listened to and responded to at some point in the future. HELUKABEL strives to have every call answered with a knowledgeable inside or outside salesperson to assist our customers with their requests.

Local Support/Global Reach

At HELUKABEL we achieve quick deliveries by having our North American operations strategically located near Chicago, Illinois(US), Toronto, Ontario (CA) and El Marqués, Querétaro (MX). We also provide local support with a sales team throughout each country. Additionally, with 59 locations in 37 countries throughout the world, we can support our customers that heavily export or may also have global locations to provide seamless support around the globe.

Stability

We live in uncertain times. As our industry continues to consolidate, there is often news of acquisitions and mergers. These can create confusion as contacts can change and new relationships have to be made. HELUKABEL has been privately held for more than 40 years and stands ready to serve our customers today and into the future.

As our industry continues to experience historic material shortages, longer lead times, and rocketing material costs, it is more important than ever to partner with a manufacturer that is positioned to weather this storm. We maintain our commitment to inventory and stand ready to quickly respond to any wire, cable or cable accessory you need and provide you with a truly worry-free experience!

Source

Contribute Your Product Knowledge to Develop the Industry’s Harmonized Data Model (HDM)

IDEA Harmonized Data ModelHave you heard about the industry’s Harmonized Data Model (HDM) initiative? IDEA, in partnership with NAED, is calling all product experts to get involved and be recognized by the industry. People who join the Product Expert Task Force will impact the future of the electrical distribution channel.

In the next 6 months, subject matter experts (SMEs) will be harmonizing the categorization for dozens of product categories. It’s an opportunity for industry experts to participate as a SME in the HDM initiative.

 

 

 

For more information Go Here.


 

 

McKenna

By Rhonda Cox, Regional Sales Manager, Western Canada, EGLO Canada

It is with pleasure that EGLO Canada annouces the nomination of McKenna Agencies as our representation in the specification market as well as electrical distributor channel for the markets of Alberta, Yukon, Northwest Territories and parts of B.C.

Covering various interveners within the specification market (engineers, architechts and designers), McKenna Agencies is a privately-owned-andoperated company whose history under its current ownership dates back to 1988. 

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Sonepar CioffiRenato

Sonepar has officially signed an agreement for the acquisition of 100% of shares in CioffiRenato. Founded in 1974, CioffiRenato is a company active in the distribution of electrical material operating in the Lecce province, with its headquarters in Casarano.

In 2021, with its two branches serving all the area, the company recorded sales of around €10 million. It employs 17 associates and 2 sales representatives. Thanks to this acquisition, Sonepar, already present in Puglia with six branches, will strengthen its business in the region.

 

 

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Chris Farrah

Electrozad have recently announced the retirement of Sales Representative Chris Farrah, on July 29th, 2022. Chris began his career with Electrozad on February 20th, 1983. His first position was doing deliveries as a truck driver, then advanced to a warehouse position, then a Customer service/Counter sales representative.

Finally in 1991, Chris was promoted to the position of Sales Representative where he continued to excel and increase his relationships with customers and vendors for the remainder of his career. Chris had been a valuable member not only of Electrozad's business but of the Electrozad family too. 

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Franklin Electric

 

Franklin Electric Co., Inc. released its third annual Sustainability Report this month, once again providing transparency, insight and data related to the Company’s performance toward Environmental, Social and Governance (ESG) initiatives and goals. The commitment to these initiatives and goals led the Company to be named to Newsweek’s 2022 list of America’s Most Responsible Companies.

This year’s report includes several details related to product advancements, employee health and wellness programs, and manufacturing initiatives. 

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Doug Bunting

I am pleased to announce the appointment of Doug Bunting as Senior Sales Manager, Western Ontario District effective Aug 2nd, 2022. Doug will continue to report directly to me. Doug is a well-known industry veteran who has held many leadership positions over his 35 years with Westburne.

In this role, Doug will drive commercial sales activities and will help recruit, mentor, and develop our team of commercial account managers, branch staff, and project managers. He will focus on accelerating sales growth in the Western Ontario District and will play a key role in supporting vendor and customer relationships.

 

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Greg Parsons

It is with mixed feelings that Stanpro recently announced that Greg Parsons, Vice-President of Sales, will be retiring at the end of the year. Greg has been with Stanpro for the last 18 years as well as four years with Standard prior to joining Stanpro. Greg has been a key contributor to the success and growth Stanpro has known. He has been the face and leader of the sales force; he has built strong long-lasting relationships with customers and partners and he has been a pillar and mentor for many.

With Greg retiring, Stanpro are very pleased to announce the nomination of Adam Silverman as the National Sales Director. This nomination is effective immediately. 

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Jennifer Penton

Magic Lite is proud to announce the appointment of Jennifer (Jen) Penton to the position of National Sales Manager. Jen joins the team with a proven track record having spent the last 10 years in business development and project management with engineering consulting firm GHD.


Prior to this she earned a PhD at the University Of Western Australia. As the daughter of Magic Lite founder and CEO Tom Penton, Jen is very familiar with the company and its operations and is looking forward to bringing her passion and drive to the family company.

 

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AES Acquisition

RESA Power, LLC has recently announced the acquisition of Advanced Electrical Services, Ltd. Based in Alberta, Canada, Advanced Electrical Services (AES) is a NETA accredited company that has two locations in Calgary and Edmonton from which it has been providing electrical testing services since 2008 throughout Western Canada.

AES specializes in providing medium and high voltage services and products into the renewable energy, mining, commercial, utility, and oil & gas market segments in Western Canada. RESA Power was acquired by Investcorp, a leading global alternative investment firm, in December 2021 and this marks the first add-on acquisition under their ownership.

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Copper $US Dollar price per pound

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