BUSTED: Engineered lumber shortage.
(media.gab.com)
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I work in the industry and I can assure you our company is not holding reserves or stockpiling. We can’t just “turn” up production, you can only shove so many trees through a processes at such a rate. We are running 24x7 for the mills that can and the ones that can’t are due to staffing shortages or systems limitations. In addition we can’t simply spin up new mills, these are multi-year projects that are significant investments. If we were sure lumber prices would stay this high - then consideration for a new mill or conversion of existing into 24x7 will be considered.
Rest assured we are not holding back or manufacturing a Crisis. This flood out of the cities and home improvement projects pulled all the “reserves” forward and now we are trying to replenish supplies and meet current demand.
I can’t speak for other industries but lumber I can.
I didn’t even think about all the home renovations, that people did during the start of Covid, making a dent in a lumbar supplies but it makes sense that it would.
It got wiped out - supply chains today aren’t designed for the entire world to suddenly all be home for a year. It’s jacked up supplies and may be in serious trouble. When you think about the cyber attacks lately it’s to disrupt current production. The first wave was an attack on our supplies.....second wave production.....what’s next?
We don’t expect the price to sustain, but we aren’t in normal times either. I personally believe all things are going to cost a whole lot more real soon......