For months, the U.S. and other nations have been severely impacted by record inflation. Raw material costs are up as much as 44% or more in some industries. Supply and demand struggles contribute to this inflation problem and add their particular brand of headaches, such as project delays.
These challenges are apparent in all sectors of the economy, including the wastewater treatment sector. Wastewater treatment plants (WWTPs), which already operate under tight margins, are finding expansion projects or greenfield installations are taking longer, costing more, and going way over budget. Many are holding off on such projects as long as possible, but this is a double-edged sword, as prices only increase over time.
Thankfully, there are things that WWTPs can do. Read this article to learn strategies that can mitigate the impact of inflation, reduce risk, and keep projects as close to on schedule and within budget as possible.