Renewables developers face three core supply chain challenges
- Securing access to raw materials and rare earth metals at stable prices
- Scaling manufacturing capacity to meet regional demand
- Building up logistics and installation capacities
How to make sourcing a strategic priority
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Getting creative with vertical integration
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Partnering with suppliers to boost manufacturing capacityÂ
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Making risk management a common practice
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While many industries are struggling with supply chain issues, those with a forecast of rapidly increasing demand face particular challenges. Early development of creative strategic measures is critical. With a focus on vertical integration, strategic diversification, and proactive risk management, renewables developers can prepare for the challenges ahead.
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