Video brochure Manufacturers face price increases, shortages to start new year

Dive Brief:
Manufacturers are dealing with substantial price increases for input materials — from aluminum to wooden pallets — and are facing shortages in some areas, according to The Institute for Supply Management’s January manufacturing report released Monday. It was the eighth straight month of price increases.
“We had zero of our companies report price decreases — zero,” ISM Manufacturing Business Survey Committee Chair Timothy Fiore said on Monday. “And the month before then, December, we had 2.6% report lower prices.”
ISM expects raw materials to increase 2.9% through 2021, according to its forecast for the year, Fiore said.

However, the situation in the video brochure industry is worse. LCD screen cost increase more than double than 2020 already. Allwinner, one of the biggest video brochure MCU manufacturers quit the market. Actions semi’s capacity is quite small for the video brochure industry. How to organize the video brochure project in 2021? Herewith some suggestions from Shiny as follows

1. Cooperate with a reliable manufacturer and confirm the raw materials stock before ordering
2. Try to get the forecast from the client and share information with your supplier
3. Negotiate with the supplier and try to keep some screens and MCU for the coming project
4. Recently the standard monthly price list is not valid anymore
5. Allow a long delivery time: Normally we offer 2-4 weeks in the past, now we might need 3-7 weeks