After the turmoil of the past few years, the fundamental question for most pool business owners is: how can we prepare our company for future success?
Often, the most challenging circumstances are entirely unexpected. So what do you do to anticipate your blind spots better? Knowing how to ask the right questions and find the most valid data to make decisions is essential.
The pandemic was a big shock to the swimming pool industry, with unexpected significant increases in demand and difficulty obtaining the necessary equipment, raw material, and labor.
And then Mother Nature piled on:
- In late August 2020, Hurricane Laura hit Louisiana hard. As a result, over 40% of U.S. chlorine disappeared, and prices skyrocketed.
- In February of 2021, winter storm Uri hit Texas. With the coldest temperatures recorded in 72 years, the production of polyethylene, polypropylene, and PVC was shut down.
- In January 2022, a chemical plant caught fire in Passaic, New Jersey. While the New Jersey fire wasn’t as detrimental as the one in Louisiana, it still impacted the supply chain.
At Pkdata, we pride ourselves on anticipating and cultivating the data our clients need to make tough decisions. From tracking the pertinent economic indicators impacting the recreational water industry to analyzing swimming pool construction permitting across the U.S., we have the data you need to help navigate the market whether you’re a builder, a manufacturer, private equity, investment banking or anyone interested in the pool and spa industry. In addition, our analysts are available to custom design research and analysis that can address specific issues for your company or just discuss what we see happening in the market.