Wire Harness Assembly: Business Outlook

In February, I presented my outlook for the economy and the wire harness industry to executives during a virtual Wiring Harness Manufacturer’s Association (WHMA) conference. John Sprovieri covered that conference and recently published a recap of my remarks in ASSEMBLY. At that point I was optimistic, and since then, my forecast for 2021 and 2022 has improved. There are still a number of challenges. Supply chains are constrained and prices are rising across the board. COVID variants remain a risk even with mass vaccination, as we saw with the recent Kentucky nursing home outbreak. But the economic environment is improving.