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Gather ye radios while ye may

Big Kahuna

Sr. Member
Jul 31, 2008
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Just another FYI - I'm seeing Chinese manufacturers quoting 10-25% higher for products in the last couple of months and shipping costs have skyrocketed - containers are costing 50% more to get them across the pond.

What does this mean? Inflation on consumer products is not going to slow down anytime soon. I expect with shortages and these costs in China going up that many consumer products could see price increases of 25% or more in the next year.

Since just about everything comes from China - costs on everything will continue to rise.

So if you've been eyeing a particular new radio or accessory, I'd pull the trigger sooner rather than later. I know I picked up three things I've been wanting for a while and now I'm set.

Inflation is here for at least the next 6-12 months regardless of what you read in the news.
 

The way it's looking if you go by ebay prices, hoarding radios right now is like hanging on to gold bars. A year or 2 down the road you'll be able to use them as a good trade.

If you've see the movie Book of Eli

This thread might just start the equivalent of the toilet paper shortage!!
 
US consumer prices surge in June by the most since 2008

"Industry raw material inflation is more significant and sustained than originally anticipated," Sherwin-Williams CEO John Morikis said in the paint company's earnings release.

Sherwin-Williams (SHW) said it is confident it can offset higher costs through its previously-announced price hikes. "We are prepared to implement additional increases should they become necessary," Morikis said.

To mitigate the impact of rising costs, General Electric (GE) said it is raising prices "across the board" and taking other steps.

Executives at Post-It maker 3M (MMM) simply said, "We are raising prices everywhere."

“Same as everybody else, we’re seeing inflation in our business across many of our raw ingredients and some of our inputs in labor and freight and everything else,” PepsiCo chief executive Ramon Laguarta said on the company’s second-quarter earnings call July 13.

“Is there somewhat more inflation out there? There is. Are we going to be pricing to deal with it? We certainly are,” Hugh Johnston, PepsiCo’s chief financial officer, added.

Home appliances maker Whirlpool raised its prices in the face of higher raw material costs. CEO Marc Robert Bitzer said on Thursday’s earnings call that the company already started “seeing the benefits.”

“We are confident that sustained strong consumer demand and our previously announced cost-based pricing actions will offset the impact of global supply constraints and rising input costs,” Bitzer said.

We successfully established price increases that go into effect during the third quarter and provide an offset to the rising input and freight costs in the business," Hasbro CEO Brian Goldner said during the company's second-quarter earnings call on Monday.
 

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