Jameco’s CEO, James Farrey sent this letter to customers today (May 12, 2021). == Hi Valued Customer, We continue to experience additional delays with congestion in Asia and the West Coast ports. We are also experiencing other challenges in raw materials shortages, IC shortages, and significant labor increases. These challenges are causing the cost of raw materials to rise, and suppliers are passing these costs on to us. We have held off raising prices on many products, but we want to communicate that our costs on specific products will be increasing in the next few weeks. Please take advantage of our on-hand inventory at the current prices while supplies last! Sincerely, James Farrey Chief Executive Officer — Jameco Electronics 1355 Shoreway Road Belmont, CA 94002 https://www.jameco.com/
I got a copy of that letter. I like Jameco. When I was a teenager they were called James Electronics. they are sort of local. In thwe Before Times I went the will call desk frequently, but they closed it because of the pandemic.
It was announced today that Consumer Prices have risen 4%. Economists have been predicting rising inflation for this Spring due to materials/product shortages and rising savings and corporate cash holdings.
In reality if you look around there's a lot more than 4% increase in inflation/ just see what a new car cost or a 2x4 if you can get one.
Oh gosh, yes. I'm looking for a car; seeing older models with many more miles, going for $3k to $4k more than the one I got rid of a year ago! Sheesh.
