The cost of accessories for led warning lightbar has risen again

An unavoidable problem has come again, and the prices of raw materials have risen again.

Our company originally thought that the price of warning light materials would come down in April, as it has been down in previous years. This can give our customers the best price. Unexpectedly, it swelled up again. The raw material supplier called our company to increase the price of accessories by about 10% since April, and by the end of last year, it has also increased by about 15%. This is equivalent to a 25% increase in raw material prices in April.

Based on the current price increase, coupled with the worrying decline of the U.S. dollar, and the problems that plague container transportation, we still see a huge price increase. Not only our warning lights industry, but other industries are the same, the cost has risen a lot, I believe everyone can see it.

I suggest that our customers, if they have the ability, can buy more inventory in the near future. At that time, even if the price really rises again, because you have inventory, you will be more favorable than anyone's price, and you will have a competitive advantage in the market.

I have always hoped that we can cooperate better and go forward together in the future. I hope that we will face this year of 2021, which is full of difficulties and challenges. Come on.