According to Whirlpool (WHR) which despite the inflationary profit headwind, the appliance maker reports to be significantly profitable and sees a long runway for further profit growth. Whirlpool is crediting it to continuing to fine tune their supply chain and also taking 5% to 12% price increases earlier this year. “We have raised prices across the globe and we feel…
Companies like Electrolux, Swedish home appliance maker hikes prices as costs for raw materials have risen and that it expects a shortage of electronics components to worsen. Costs for raw materials, electronic components and logistics are increasing further which will probably have a negative impact of increased raw material costs, tariffs and labor costs. “The market for electronic components is…
Servicers need to up their game as more appliance manufactures introduce connectivity and apps. SmartThings Energy, the new Samsung service app that allows smart, green decisions with real-time data that monitors energy usage patterns and can lower energy bills. It allows for control of appliance energy monitoring, target-setting and notifications and HVAC systems. SmartThings Energy offers the most comprehensive real-time…
Bosch home appliances did a study that explores the role hydration, ice and beverages in our lives. Their survey revealed four key things: 1. Americans who drink six or more glasses of water a day are most likely to strongly agree that they are very happy and optimistic 2. Hydration directly impacts overall wellbeing. Those who drink six or more…
Biden is stepping in to push the FTC to take action with new Right to Repair Legislation. Biden signed an executive order that includes a strong endorsement for right to repair so the FTC will take action. This is a historic moment for the right-to-repair movement, which has been working for years to make it easier for independent appliance businesses…
