Passage of the U.S. Infrastructure Bill will benefit a range of industries, including fluid power. Eric Alstrom, president of Danfoss Power Solutions, said the U.S. Infrastructure Bill will bring benefits to all segments of the fluid power industry.
The bill will provide funding for various types of projects aimed at updating and improving roads, bridges and other infrastructure across the U.S. As such, there is likely to be an increased demand for construction equipment and other machinery leading to more demand for the hydraulics and pneumatics used in these machines.
Alstrom noted Danfoss will be prepared to meet this increased demand due in part to the company's efforts to localize its supply chains which began prior to the COVID-19 pandemic.
“What we learned during the pandemic, especially now with significantly increasing supply chain costs, is that it makes perfect sense both for our flexibility but also from a cost perspective to be more local,” Alstrom told Power & Motion. “So, from that perspective, this infrastructure bill, at least for our suppliers, will be extremely beneficial because we now have localized the bulk of our supply in the U.S.”
