DrBanneker
Space is the Place
So I work in supply chain in industrial manufacturing. In my position though I buy everything from fabricated metal parts, to machines, to plastics, to wood products, to raw materials.
In short, this shyt is getting out of control. The store prices and news stories kind of give you a picture but you can't imagine how bad things are being gummed up across industries and still getting worse.
Did you know:
All the soda and bottled water companies and other users are pressed since all the plants making polypropylene plastic in TX and the Gulf went down in that winter store and are still backlogged? Polypropylene (PP symbol on the bottom of plastic bottles) prices are up double digits and there are STILL shortages.
That billion dollar corporations can't find enough pallets, fukkING PALLETS due to the lumber shortage? Which actually has been going on a year and is the only inflation that isn't new.
Several electronics competitors that use our same contract electronics suppliers are re-designing their products to get around a chip shortage since lead times are at 52+ weeks now for a lot of stuff?
People are flying bags of bulk chemicals AIR FREIGHT out of Asia since you can't get on a container ship without paying premium rates and you still are waiting a week to get on the ship and once the ship gets to LA it has to wait a couple of weeks for a docking window?
I got about a dozen suppliers last week saying "pay 5-8% more immediately or we stop shipment"?
Brehs, it is not looking happy. Also all of my suppliers, except those with index traded raw materials, have stated they aren't ratcheting prices back after the inflation is over so we (and you) are stuck with it.
Honestly, I would look at your food and medicine budget and up it by 10-20% by cutting spending elsewhere. It will be 2-4 months but this shytstorm I will am dealing with at the manufacturing end should make it to the consumer end by then.
Granted for the last charge, part of the surge (about 10%) is related to depressed prices last year but it is still way up historically.
@The M.I.C. and @til november been discussing this with me in the Random Thoughts forum for a sec
In short, this shyt is getting out of control. The store prices and news stories kind of give you a picture but you can't imagine how bad things are being gummed up across industries and still getting worse.
Did you know:
All the soda and bottled water companies and other users are pressed since all the plants making polypropylene plastic in TX and the Gulf went down in that winter store and are still backlogged? Polypropylene (PP symbol on the bottom of plastic bottles) prices are up double digits and there are STILL shortages.
That billion dollar corporations can't find enough pallets, fukkING PALLETS due to the lumber shortage? Which actually has been going on a year and is the only inflation that isn't new.
Several electronics competitors that use our same contract electronics suppliers are re-designing their products to get around a chip shortage since lead times are at 52+ weeks now for a lot of stuff?
People are flying bags of bulk chemicals AIR FREIGHT out of Asia since you can't get on a container ship without paying premium rates and you still are waiting a week to get on the ship and once the ship gets to LA it has to wait a couple of weeks for a docking window?
I got about a dozen suppliers last week saying "pay 5-8% more immediately or we stop shipment"?
Brehs, it is not looking happy. Also all of my suppliers, except those with index traded raw materials, have stated they aren't ratcheting prices back after the inflation is over so we (and you) are stuck with it.
Honestly, I would look at your food and medicine budget and up it by 10-20% by cutting spending elsewhere. It will be 2-4 months but this shytstorm I will am dealing with at the manufacturing end should make it to the consumer end by then.
Granted for the last charge, part of the surge (about 10%) is related to depressed prices last year but it is still way up historically.
@The M.I.C. and @til november been discussing this with me in the Random Thoughts forum for a sec
. What is the cause of this, is it covid
breh
