UPS Price Increases and Electronic Component Shortages June 30 2021
All the major carriers, including UPS and FedEx, have raised prices significantly on parcel shipments in 2021. Tavish Design gets a small discount from UPS due to our shipping volume (a few shipments and deliveries every week), but we obviously don’t have the same influence that Amazon does. The shipping charge that appears on a customer invoice is the actual UPS insured shipping rate that Tavish Design pays.
Like many manufacturers, big and small, Tavish Design has been struggling with electronic component shortages in 2021. These shortages go beyond integrated circuits and include such common items as resistors, capacitors, relays, and transformers. Almost all the vendors we buy components from have increased their own lead times for shipment to us. As a result, our lead times have increased also. Please bear with us as we try to bring our wait lists under control.
Along with the component shortages have come higher prices, which have raised Tavish Design’s costs. So far, we are holding the line on our own prices, but that may change in the future. If Tavish Design is forced to raise prices, the price increases won’t affect customers who are already on a wait list; the price you pay is whatever it was when you joined the wait list.
Thanks for your understanding.