Mack Trucks has made some achievements as it faces different challenges. Despite the increased market share in Canada and North America, Mack Trucks faced supply chain challenges. The levels of demand have grown and surpassed the levels that Mack Trucks can comfortably supply. However, the challenges have not hindered Mack Trucks' growth.
The Achievements and Challenges
Trucknews.com reported that Mack's Class 8 market share grew by 1%, to 7.2%. According to Jonathan Randall, Mack grew by half a percent in the U.S./Canada market combined. The MD truck introduction also gave Mack the power to invest in the medium-duty segment. Randall noted that the 3% would have been even higher having the MD had been made accessible to a larger pool of drivers.
Mack Trucks has faced different challenges here and there, just like any other OEMs. Production has been a challenge due to shortages of the necessary components required in manufacture. Randall confessed that the shortage was there to stay for a bit longer than they may have anticipated.
Randall stated that demand would stay strong through this year to next year. However, he added that the challenges facing supply and other disruptions would not just disappear. He said that the first quarter was promising though as they went deeper into the year, he realized that the challenges would last longer.
Randall acknowledged that new shortages and challenges keep popping up for the truck makers. However, he noted that they had an agreement with Volvo group to get parts from the global market. It also gives Mack Trucks the purchasing power required on the worldwide market. Mack Trucks is also working with Tier 2 suppliers who would come in handy when Tier 1 suppliers face any challenges.
Longhaul tractor demand topped the charts at 48% of the new trucks registered in the US and Canada. The numbers rose from 42% realized the previous year. Demand for construction trucks was also high; however, activities shifted from commercial to residential. Randall pointed out that the company's priority is to work on trucks that break down in the line of duty.
As the company marked 100 years of operation, Randall stated that the technological growth would accelerate even more. He acknowledged that technological adoption has been so quick. In the past, it was gradual, but with the current facilities, the process is quick and makes the business grow with ease.