The electrical construction industry is in a state of flux, particularly its lighting component. The following facts-of-life point this out.
- The design-build solution is increasingly complex.
Thus, it’s beyond the economic reach of most lighting manufacturers to deliver every lighting fixture needed for a project.
- Competition is driving time-to-market requirements.
Designers and engineers want time- and cost-effective solutions from manufacturers to increase chances of success.
- Performance/price pressures are increasing.
Many are concerned about being locked into only a few manufacturers.
The viability of new products further complicates this issue. A recent study showed about 46% of development costs are spent on new products that ultimately fail. But, with careful planning, using factory-direct specialists can improve positions in this competitive market.
John Evans, President of LightMart, Inc., believes “by giving lighting manufacturers the opportunity to sell under a national private label as well as their own label, and the right to compete with this private label, contractors and lighting professionals have freedom and revenue potential to grow.” Customer/market research and rapid-response fulfillment systems add further value to this new approach.