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…
Tag: custom kitchen appliances
Appliance Servicers Will Need to be IT Specialists Too
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 “Ice Obsessed” Study Reveals 4 Things About Americans:
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…
Electrolux Forecasts Inflation to be Short-Lived
One of the world’s biggest home appliances manufacturer expects things to get back to normal. Inflation should settle down later this year as Covid-19 brings about a normalization for demand for consumer goods, according to the head of the world’s second-largest home appliances manufacturer. A lot of money has shifted from services to goods during the pandemic. That put pressure…
To be Successful, Be Flexibility
This past last year, the pandemic has made us aware of the inflexibility of supply chains. The demand for supply chain flexibility is not new—it is only that COVID made us painfully aware with appliance parts shortages. Fast forward – now the appliance industry is seeing a growing trend with product personalization. Mass customization and SKU proliferation in household appliances…