Demand combined with COVID-19-related supply issues, is causing significant shortages and price increases for products used in residential remodeling and construction. The rising cost of materials is tied to supply chain issues impacting the kitchen and bath market. Home builders are limiting new-home sales in an effort to manage supply, while some kitchen design firms are seeking alternative sources. That’s…
The Bay Area is experiencing an increase in demand to purchase new home appliances but they are experiencing major shortage in supply. It’s not just one issue causing the backlog of orders, but multiple problems. The turnaround time on a typical order Pre-COVID, was one to two weeks but now the wait is over six months. Most appliance stores in…
Washing machines now offer a range of innovations, making them more portable and improved efficiency however for people who do a lot of laundry the dryer set remains the most effective solution. Designer, Youjin Syn has come up with the “Do it” – a Dryer Washing Machine in one. The combination works by sliding the clothes holding drum from the…
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…
