Price increases forecast for July 2022
Posted by Marc Levesque on
We have been advised by our manufacturing channels that most cards and credentials will be subjected to increases. This is concerning as these increases are said to be between 10 to 20 percent starting July 1st, 2022. World events and rising fuel costs along with inflationary pressures are given as cause to these upcoming rate increases.
Another wave of supply chain issues is becoming apparent as we see long delays in product back orders. Many industries are still not back to full product output, shortages of raw goods and electronic circuitry being the root cause.
As always, Ashton Security Inc. will make every effort to keep sufficient stocks in inventories but do anticipate the industry as a whole will see a decline in product availability come July lasting till late October.