Featured in Further upstream – 10-2024

Digital is not optional

High interest rates, excess warehouse inventory, and falling component prices have created a perfect storm for solar distributors since October 2023. BayWa re Solar Trade CEO Frank Jessel explains how the industry can embrace true digitalization to better navigate this volatility.
By
pv magazine
BayWa re Solar Trade claims its investment in digitalization has enabled it to reduce solar module inventory to 60 days. | Photo: BayWa re

 Normalized solar demand after June 2023, following previous bumper years, meant solar equipment distributors had to deal with high stock levels as prices fell.While the solar industry is expected to annually grow 7.31% through 2029, module prices have continued to tumble. New ways must be found of dealing with fluctuating prices and inventory.BayWa re’s Solar …

pv magazine
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