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Old 04-15-2021, 07:29 AM   #1
Reel cajun
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Default Price Increases In Your Industry

Post up price increases you are seeing in your industry. Iíll start.

Tire industry 8% and many products backordered

Wheels for large equipment 15% and sever shortages due to steel increases and overseas freight

Container fees on imported goods has risen from $2800 last year to $10,000 this year.
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Old 04-15-2021, 07:35 AM   #2
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We're feeling it for sure in the electrical business.
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Old 04-15-2021, 07:48 AM   #3
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Electronic manufacturing is nuts right now. Due to supply chain issues, distributors that are hoarding stock can basically ask their price for some parts. It’s basically the toilet paper crisis of 2019 but with companies and chips. Car industry is making it worse and now they are asking for special priority treatment.
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Old 04-15-2021, 07:49 AM   #4
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Raw materials in the steel industry have jumped almost 40% on certain types and deliveries are out into the first quarter of next year when they're normally about 12 weeks at worst on most things.
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Old 04-15-2021, 07:53 AM   #5
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Welcome to inflation. She's been gone since the early 80s, but time to prepare. Go look up
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Old 04-15-2021, 07:54 AM   #6
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Home remodeling and restoration: EVERYTHING!!!

Lumber, insulation, drywall, nails, screws, roofing material, etc.... itís insane.


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Old 04-15-2021, 07:55 AM   #7
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Pvc
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Old 04-15-2021, 07:56 AM   #8
timberking
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Fuel for trucks and logging equipment. We have rate chart for trucks and it is steady going up.
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Old 04-15-2021, 08:01 AM   #9
MarkV
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Steel prices have gone way up. Our cost to purchase dumpsters has doubled.
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Old 04-15-2021, 08:09 AM   #10
gekko man
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Cap Ex equipment for the wood working industry is up 6% to 10%. Machine lead times have gone to 4 to 6 months. Domestic machines are at 20 weeks.

We have purchased CNC routers and edge banders that will meet our customers needs through July/ August timeframe.

The industry has not slowed at all in regards to demand!
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Old 04-15-2021, 08:13 AM   #11
Bayouboy
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Can’t get the good toilet paper and coffee at work any longer. Procurement must have seen a price increase
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Old 04-15-2021, 08:14 AM   #12
ken800
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Everything. Period. The Fed will tell you inflation isn't here but it clearly is. If things don't settle a bit soon, it's going to be ugly for those about to enter retirement. They thought they had enough money...
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Old 04-15-2021, 08:18 AM   #13
rtp
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All the smart people I know keep telling me we wont see real inflation for a minimum of 2 years. Us regular people know otherwise. Trying building anything these days and it isnt just 10% more than last year. It is a lot more.

Yet according to the Feds inflation is running a tick over 2%. Bull****.
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Old 04-15-2021, 08:18 AM   #14
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Acetone has doubled per lb, which has a lot to due with PVC increase.
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Old 04-15-2021, 08:24 AM   #15
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Magnets- 20%
Finish Grade Cabinet plywood- 30%
Fuel- 30%
Mechanical steel tubing (hard to even find)- 30%
Plastic sheet supply’s and tubing- 30%

Labor is even harder to find. I’d say in the real world that’s 30% inflation ground level.
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Old 04-15-2021, 08:25 AM   #16
hooligan
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we make disposable ppe, raw material cost is insane
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Old 04-15-2021, 08:30 AM   #17
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I am in the development and construction industry. We build bulk distribution warehouses and every item that goes in our building has increased. Even the paint suppliers have increased? Steel is off the charts, concrete is having a $3-$6 yd increase. It is going to compromise our projects.
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Old 04-15-2021, 08:32 AM   #18
RedBear78
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I’m in the landscape business there is a huge shortage of plants this year from demand and nursery shorts from the freeze. Average price increase is 50 percent on plants and 20 percent on trees.I had to pay 3 times what I figure on a few plants last week.And labor is almost nonexistent no matter how much I pay.
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Old 04-15-2021, 08:34 AM   #19
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Restaurant industry.

Beef up 38 percent this month. Sanitation chemicals up 18 percent. New building costs almost doubled.
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Old 04-15-2021, 08:35 AM   #20
Adgerc15
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Seems good labor is seeing a price increase too.....on the one hand I hear about record unemployment everyday.....on the other hand I see help wanted and incentive signs all over factory yards, lumber yards, warehouses, job sites, etc....

ac
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Old 04-15-2021, 08:35 AM   #21
RiverRat1
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Quote:
Originally Posted by rtp View Post
All the smart people I know keep telling me we wont see real inflation for a minimum of 2 years. Us regular people know otherwise. Trying building anything these days and it isnt just 10% more than last year. It is a lot more.

Yet according to the Feds inflation is running a tick over 2%. Bull****.
That sums up my thoughts.

Hard to fathom the fed chairman saying weeks ago that he simply will not allow inflation in the U.S.

I wish every single person totally understood this is simply their way of stealing your hard earned money and giving to "the poor" 100% nothing else.
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Old 04-15-2021, 08:45 AM   #22
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The ENTIRE HOUSE haha
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Old 04-15-2021, 08:49 AM   #23
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Guns & Ammo - 10% to 20% increase over last year from most manufacturers
Guns & Ammo posted on TBH - 10%-200% increase over last year
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Old 04-15-2021, 08:51 AM   #24
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I am production manager in a plant that custom fabricates water and foam tanks for fire trucks. The plastic sheets we use to build the shell and baffles in the tanks, which is about 95% of what goes into the tank besides labor, has gone up 50% in price in the last 3 months. Huge hit to us. Even worse is the fact that even at that price it is extremely difficult to find. We have scrounged around and found enough plastic to run for 3 months or so, but sourcing materials after that is going to be tough.
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Old 04-15-2021, 08:51 AM   #25
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Austin real estate. 10-30%
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Old 04-15-2021, 08:56 AM   #26
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Yep. Dang stocks just keep going up!!!
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Old 04-15-2021, 08:59 AM   #27
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I sell prepainted steel coil. Metal buildings, roll up doors, etc. I’m currently quoting September/October arrivals. Prices are almost double compared to where I was selling just 6 months ago. It continues going up.
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Old 04-15-2021, 09:01 AM   #28
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its about to get ugly!
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Old 04-15-2021, 09:13 AM   #29
bige2461
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Yeah if you can wait to purchase or build whatever it may be, youíll be better off. When this bubble pops like it did in the 08 housing crisis itís going to be bad for a lot of people. I have been telling everybody that they better change their mindset from living off of debt to saving and paying for things when you have the money to buy them out right because those days could come back and fast possibly especially if the dollar goes to nothing.


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Old 04-15-2021, 09:27 AM   #30
ladrones
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My wife’s employer gave its employees (<2000) a 4% increase a couple of weeks ago to try and offset some of the increases.
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Old 04-15-2021, 10:02 AM   #31
Pineywoods
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We build custom pools... steel and gunite have went up and we are seeing shortages and huge backorders on many things. EasyTouch control panels, heaters, chlorinators, 3-way valves, 2-way valves, etc are all hard to get enough of as fast as we need them. I have been ordering equipment packages weeks ahead of time and still don't have everything when I need it. The price of building a pool now versus a year ago is higher along with most everything else. What's insane is that this inflation doesn't seem to be slowing people's spending down any. We are on track to build more pools this year than last and last year was a record year in the industry. Last year the gunite shortage was the biggest struggle, and now that is getting better and it's backordered materials and equipment that's the issue. These are crazy times.
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Old 04-15-2021, 10:06 AM   #32
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Feed and fertilizer both up over 20% Aquatic herbicide 10%
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Old 04-15-2021, 10:25 AM   #33
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It is crazy to hear all these examples and to try and think about the best way to position yourself. I don't have any examples myself, I'm in ministry and salvation is still free for all in Christ.
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Old 04-15-2021, 10:34 AM   #34
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We are planning on selling our home next Spring, and start building our forever home in the Summer. All of this craziness and unknowns really stinks. With my luck, the housing market will crash by then, building materials will be higher than now, and interest rates will be high by the time we close on our mortgage. Maybe we will get lucky and sell high, and building materials will drop some by our build time.
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Old 04-15-2021, 10:40 AM   #35
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Quote:
Originally Posted by SuperExotics View Post
Feed and fertilizer both up over 20% Aquatic herbicide 10%
my buddies fertilizer was up 50% over last year for pasture

It's a game of hot potato right now, I'm sure I could get more for my place if I wait but it's a game of chicken, could get considerably more if I wait a year but could be a lot less......have a lady out of Washington state that may buy, said they wanted to move to Texas and I threw out a price I would be happy with and she didn't blink. Could be leaving money on the table but I'm afraid to risk waiting knowing it's going to crash at some point but when...Ö.headed to Florida panhandle this week to look at places
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Old 04-15-2021, 10:42 AM   #36
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Quote:
Originally Posted by TransPecos View Post
I sell prepainted steel coil. Metal buildings, roll up doors, etc. Iím currently quoting September/October arrivals. Prices are almost double compared to where I was selling just 6 months ago. It continues going up.
Dangit, I measured my barn yesterday for roll up doors, guess I'll keep fighting my sliding doors
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Old 04-15-2021, 10:45 AM   #37
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8 ounce cardboard containers are backordered 2 months, and black pepper prices have nearly doubled
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Old 04-15-2021, 10:47 AM   #38
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Quote:
Originally Posted by lnester View Post
Welcome to inflation. She's been gone since the early 80s, but time to prepare. Go look up


Glad they specified LIVE cattle lol and not the dead kind
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Old 04-15-2021, 10:50 AM   #39
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Quote:
Originally Posted by DapperDan View Post
Home remodeling and restoration: EVERYTHING!!!

Lumber, insulation, drywall, nails, screws, roofing material, etc.... itís insane.


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yep!!

Least home pricing is also going up.
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Old 04-15-2021, 10:52 AM   #40
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Our fireworks supplier sent email saying they may not be able to wholesale this year due to lack of supply. Very large company that orders directly from China. In effect doubles our cost if not more. We use the 500 gram cakes for weddings at our venue, 2-3 per wedding.
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Old 04-15-2021, 10:56 AM   #41
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Most crop protection products took a 3% jump in the last couple of weeks. Fertilizer doubled over the last two months or so. There are some supply issues but I think it'll get worse before it gets better. Almost all products we use come from China at some point. It may be blended here but the raw materials come from China where they have no EPA, at least not to the extent we do. I was told once that it takes a year for us to see the implications from China. As far as them increasing their prices on raw goods until we see those increases in our supply here. Same for supply issues apparently.

The Californians not unloading all the boats in a timely manner sure doesn't help either.
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Old 04-15-2021, 11:03 AM   #42
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We are in the picture framing business. Prices have not been dramatically up this year - we normally expect about 5% increases across the board year-over-year and this has been the same.
However, picture frame moulding is made almost exclusively overseas and between manufacturing and shipping, landed inventory is severely impacted. We placed a recent order with a direct importer and were backordered on 80% of the product.
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Old 04-15-2021, 11:05 AM   #43
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Hyperinflation
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Old 04-15-2021, 11:22 AM   #44
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Crazy reading all these and knowing people keep buying and buying everything. $90k trucks with $100k campers and ATVs and boats. Heck I could sell my boat for over what I paid a dealer for it 3 years ago.

Scary scary time.
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Old 04-15-2021, 11:27 AM   #45
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Fertilizer has skyrocketed the last few months, we put out about 4,000-5,000 tons a year.
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Old 04-15-2021, 11:34 AM   #46
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Our cost are stretched across the entire spectrum listed above, every price gouge affect our operations
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Old 04-16-2021, 05:18 PM   #47
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Quote:
Originally Posted by TXHUNT3R View Post
yep!!

Least home pricing is also going up.

Sucks when youíre looking for houses to flip. Lol


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Old 04-16-2021, 05:20 PM   #48
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Quote:
Originally Posted by Cajun Blake View Post
8 ounce cardboard containers are backordered 2 months, and black pepper prices have nearly doubled

As a consumer of your seasoning, I wonít mind the minor increase in your pricing that reflects this!


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Old 04-16-2021, 05:42 PM   #49
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I am soooo glad I am not in manufacturing material procurement anymore. I bought stuff from all over the world.
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Old 04-16-2021, 06:07 PM   #50
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Hay is going up this year due to fertilizer costs. Up from $435 a ton last year to $535 a ton and gamble on rain.
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