Highlights from a letter I received from a major domestic manufacturer of commercial office furniture. Omitted things that don’t really apply to pinball…
Crude Oil - 56% increase last 12 mo
Copper - 51% increase last 12 mo
Steel - 300% increase since Q3 ‘20
Aluminum - 61% increase last 12 mo
Hardwood Lumber - 50% last 12 mo
Resins - significant increase in chemicals & natural gas for processing
Trucking - spot market pricing increase 25%-30%, full truckloads 8%-12%, LTL shipments 5%-7%
I’ve been working with this particular manufacturer for over 20 years, and I don’t recall a time when they made it a point to send a letter outlining all of the increases in raw materials to help justify the multiple price increases this year.
Hold on to your butts.
