Shortage in other industry

[Chiquita]

Seems like our sport is not the only industry that has shortage. The electrical industry is seeing shortage and increased cost in wiring, wiring devices, electrical boxes, steel conduit, PVC conduit, breakers....
Roll of 250' cable used to be $68 about two months ago nw it is $125, PVC conduit hard to find, breakers are very hard to come by.

Any of your industry has seen higher prices and shortage of material as well?

 

[std7mag]

I work at a place that makes bulldozer blades, buckets, construction forks, and other attachments for heavy equipment.
We've had to adjust pricing due to increased cost of materials.
Welding wire took a big jump, along with the cost of steel.
We still have open purchase orders from 6 months ago for steel.
I'm expecting a big jump in costs for actions, barrels, and rifles themselves.

 

[Hino895]

I’ll be building a new home in Kentucky later this year and I’ve spoke with a couple builders and they’re telling me the material cost to build one has went up 20-25,000 over the past year.

 

[dthomas]

Auto parts are starting to get harder to get. A lot of things are on national backorder. Batteries and some filters are getting harder for the parts stores to get.

 

[KMart]

When outside forces start to hinder the production of oil, gas and coal, every industry is going to take a hit.
Like it or not, those 3 things are at the root of our success as a country and the world

 

[kindabitey]

Aluminum extrusions have had two 10% increases in the last six months, and we're expecting another when I send my next P.O. We also had an increase in plastic sheet prices as well.

 

[The boogalorian]

We bid a job for a customer 5 months ago. They just approved the job a month ago. Now our subs are saying there is a 10-15% increase in material costs.

Here comes the inflation, thanks you politicians and Fed reserve. No way anyone could have seen that coming.

 

[Duhawk]

Steel prices and supply for us. Mills used to run 8M tons per month, when COVID hit they scaled back to 5.5M tons....like many industries did when COVID hit. We also see a lack of foreign steel, and higher than normal prices, especially Chinese steel. Some mills temporarily shut down for equipment upgrades, those are planned years in advance and the costs to delay are sometimes prohibitive....so here we are waiting for things to catch up.

Diesel costs increased 34% since October along with crude increasing 79% along the same time frame, so shipping costs have increased as well as raw materials. Capacity across the board, raw materials, pressure on trucking etc. has driven costs up, and I don't see it changing till around the end of Q3 (fall)....if even then.

 

[spencerhenry]

Lumber prices are up about 300%. The blame is on mills shutting down due to COVID.

I don't suspect it will ever drop back to previous pricing. I have been quite surprised that in the last 20 years lumber has been flat. When I built my own house in 1996 I paid as much as 64 cents a board foot, that was really high at the time, in the years since I have paid around 50 cents per board foot until this last year, now 2x4's are about $1.55 per board foot, bigger material is more than that. Mills that are now grossing as much with 1/3 of the material, why would they try very hard to up production and decrease cost?

Thanks to Sleepy Joe, our fuel prices locally are up by about 50% in the last 3 months. Wait until inflation hits, the housing market will crash again. It will be very ugly!

 

[JimT]

I sure hope the Forum Boss does not decide to delete old threads because this one will be entertaining to read in 3 years.

 

[flatlander]

I need to replace the steel discs on my disc drill before drilling soybeans this spring; placed the order for a set of 64 discs several months ago, and still don't have them due to steel shortages.

 

[std7mag]

Another thing we are seeing is that surprisingly our sales are up.
But our lead times are up as well.
Our PA plants are 4 months behind, and our Texas plant is 6 months behind. (Covid plus the weather)
I've gone from working 4 tens to working 6 tens.
We are short on parts so only worked 5 days this week.
It's bad when you have to put in for time off ahead of time, for a day that you normally wouldn't work to begin with!

 

[std7mag]

Somehow i double posted. Please ignor this one.

 

[Duhawk]

Another thing we are seeing is that surprisingly our sales are up.
But our lead times are up as well.
Our PA plants are 4 months behind, and our Texas plant is 6 months behind. (Covid plus the weather)
I've gone from working 4 tens to working 6 tens.
We are short on parts so only worked 5 days this week.
It's bad when you have to put in for time off ahead of time, for a day that you normally wouldn't work to begin with!

Same here....lead times are now months instead of weeks. For contractors it creates a nightmare planing out construction times, and limits how much work they can take on.

I was sent home to work a year ago March when COVID hit, and 50-60hr weeks are the norm. I brought home my tower, monitors and library back then, and was just informed I'm to pick up a new laptop and docking station to keep at home permanently......seems corporate is thinking long term.

 

[Ol Thumper]

A shortage of stuff is happening with everyone I think, I have a brand new CAT excavator that has less than 20 hours on it that’s been down for over 3 months waiting on a part from Germany, we’re all directly or indirectly going to be paying the consequences for this in the very near future. Shortages and severe price increases of products are starting to cause major issues...

 

[spclark]

Baldwin’s been late on oil filter deliveries for the past few months. Shortages of steel, shortages of corrugated cardboard for the boxes they pack ‘em into. Toro says similar about steel for lawnmowers, ditto DR & Ferris.

All that ‘stimulus’ cash is gonna find new pockets to hide in PDQ with the inflation we’re facing now that everything’s gonna get better & everything’s ‘free’.

 

[ShootDots]

Let me say right up front, I am NO economist and prognostications of the future, especially about pricing trends, is not my forte. However, I do have a memory. I remember back in the 1974 "oil embargo" how gas prices jumped and people were very low on "discretionary income". That caused the rest of the economy to "stall". We had back then what became known as "dis-inflation". That's because not enough consumers made enough money to keep up with inflation in just one industry>>gas, which caused the rest of the industries to nearly collapse.
Since that time, according to "government" statistics, REAL income has fallen about 27 percent due to over taxation and over regulation, causing excessive price hikes. My opinion is that this horrible set of "events" is about to hit again, only this time on a grand scale! It won't be one industry that will experience huge price increases, it will be many. Then, since we have NOT kept up with "true" inflation with pay scales, we will see something that will really cause not only "dis-inflation" we may see a wholesale collapse due to the fact nobody will be able to keep up with the REAL inflation rate. T-Rust me, I surely hope I am wrong!

 

[Coyotefurharvester]

Cargo container ships are being anchored out of ports for days/weeks waiting their turn to unload. This has greatly increased since Jan. Blame has been on truckers, I wonder with the coast state shutdowns, cargo has nowhere to go. Warehouses have to have labor, COVID restrictions by democrat governors.

 

[55fairlane]

We build race car suspensions, and my orders are very good, unseasonably good, but the price of steal has jumped up, over 30% in some cases. Warehouses are empty, and shipments are late (I understand costs the same amount to deliver 300 pounds vs. 10,000 pounds)
Worst part is I have no labor, no one wants an entry level job apparently learning a trade is below them, fresh out collage cnc kids think $30/hour jobs fall from the sky (and yes I can program)
Then there is the QC of parts we buy to resell, I went thru a box of made in the USA ball joints .007 difference in thread size, no wonder they fit loose or will not go in.
Then there is shipping USPS can loose a package before it leaves the counter and UPS seems to be able break things.........

Aaron

 

[Chiquita]

It does not sound good.