I ordered a Laguna 18BX band saw in May for $2,000, it arrived a month ago. I just saw that Woodcraft has them in stock now, for $2,800! I also ordered a Supermax 25-50 drum sander later in May, again $2,000. Woodcraft has them listed for $2,500 now, with a delivery date of January 28, 2022. I ordered the drum sander because I’d read that machinery prices were about to rise, but 40% in a few months (for the band saw) and 25% (for the sander), wow. BTW, I still haven’t received the drum sander, upon ordering the estimated delivery was October, then November, now Dec. 21st.
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Replies
We are in an inflationary period with supply chain logjams. Have you checked the market value of your house lately :)
The annual US inflation rate is 5.4%, so that's not causing a 40% increase in machinery from China (whose inflation rate is 0.7% BTW). The price of real estate in Vermont where I live has increased 6.2%, so that's not it (and BTW doesn't have anything at all to do with the price of a band saw from China). The supply chain logjam is the culprit, which I already knew. I was only commenting on the brutal reality of the increase, which all happened after I bought my machines, luckily.
Governments have their own way of measuring inflation that has changed over the decades. The simple fact is we are seeing prices increases that will rival the Nixon years. My cabinet manufactures have announced a 12% price increase in December when coupled with the previous two increases we have seen this year will mean over a 20% increase during the 2021 Calender year. Many major appliance manufactures are raising another 10-15% next month. We hear its due to rising material cost, tariffs, rising wages, increase shipping cost, etc. The fact is the next year is going to get even more expensive if the world doesn't come together and get a handle on some of the problems we are all facing.
Supply and demand. I work at a Woodcraft store and most manufacturers have been doing 15% - 20% increases every six months. The supply chain is a wreck and they need to slow demand. Price increases will slow demand (and increase profits) and will likely continue until supply and demand are in balance. It's economics 101. On the upside, after the supply chain normalizes (a year or so) we are likely to see some killer sales since the manufacturers margins will, once again, be healthy and they will want to drive demand.
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The bottom line is that nobody is going to just send a quarter of a million dollars to a defunct company in Turkey or other areas of the world without having some level of trust. A broker can help with that.
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What? You lost me, what are you talking about?
Oh good. I thought it was just me.
And I assume many of us received the email from Lee Valley saying that lead times on some of their products will be over a year if the orders are even accepted by the supplier. Oh, and prices will go up, too!
I hate global pandemics.
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