Facilitator: Jerry Peerbolte
Professor Emeritus, University of Arkansas-Fort Smith
Following a qualitative research report, hear from a wide demographic of EASA service centers about the future of the industry. Electromechanical repair, service and sales remain core but not always the biggest parts of a member’s business. And with so much happening with emerging technologies, electrification, electric vehicle infrastructure, sustainability and more – how do EASA members fit in now and in the future? Hear what roundtable members have to say!
Major Topics Covered
- Workforce Challenges
- ging workforce and declining interest in trades
- Difficulty hiring and retaining skilled workers
- Importance of cultural fit and career path development
- Electrification and Energy Demand
- Growing demand for electricity and infrastructure
- Opportunities in servicing new electrical assets
- Digital Transformation
- Slow adoption of remote condition monitoring
- AI and machine learning applications in operations and diagnostics
- ROI concerns and customer fatigue with tech solutions
- Customer Relationships
- Importance of becoming a "trusted advisor"
- Field service as a key revenue and loyalty driver
- Value of exceptional service and employee relationships
- Sustainability
- Disconnect between corporate sustainability goals and plant-level action
- Missed opportunities to market repair as a sustainable practice
- Potential for carbon credit generation through motor repair
- Industry Consolidation
- Rise of private equity and acquisitions
- Perspectives from independent, family-owned, and acquired businesses
- Viability of small EASA members and strategies for growth
Key Takeaways
- Recruitment is a critical issue: The industry is facing a talent shortage due to retirements and lack of interest in trades. Apprenticeships and high school outreach are essential.
- AI is gaining traction: From administrative tasks to predictive maintenance, AI is being explored for efficiency and knowledge retention.
- Digital tools need better integration: Customers are interested in remote monitoring but need help interpreting data and seeing ROI.
- Field service is growing: It represents a significant and expanding portion of revenue, with techs often serving as the best salespeople.
- Sustainability is under-leveraged: Despite strong environmental benefits, the industry isn’t effectively communicating its sustainability value.
- Consolidation is reshaping the landscape: While private equity brings capital and growth, cultural fit and long-term vision remain crucial for success.
- Small businesses remain viable: With the right investments in people, technology, and customer relationships, smaller EASA members can thrive.