At the onset of the COVID- pandemic, many manufactures began implementing production cut backs due to forecasts of an economic decline. However, the opposite happened. Whether through panic-buying or other motivations, consumers continued spending, product demand held steady and even grew in some segments.
Even with several countries enacting their own fiscal stimulus packages, manufacturers are still struggling to meet the unprecedented production and logistic demands brought on by the Coronavirus pandemic.
If there were any doubt of just how dependent our local supply chain is on our global trading partners, we need only to look at the bruising we took with our recent US-China trade wars and our ongoing challenges working through the Coronavirus pandemic.
These ruinous events caused regional and national disruptions to our supply chains, and also exposed the vulnerabilities of many manufacturers, especially those who have a high dependence on China - or any “eggs-in-one-basket” scenario to fulfil their need for raw materials or finished goods.
Our Supply Chain News section provides both a historic and current view at the influences impacting product availability and pricing.
Click the links in the timeline below for the latest updates:
Aside from its ubiquitous use in electrical wire and cable, copper is also one of the most commonly used metals in a wide variety of industries across the globe. From power generation and transmission, construction, to factory equipment and electronics, the price of copper highly impacts the cost of consumer goods and serves as a bellwether of our global economy.
There are numerous, global supply and demand factors influencing daily commodity prices. With such dynamic complexities, we encourage you to become a regular visitor to our Commodity Watch section to stay informed of current economic trends.
Periodically, during the course of the year, our manufacturers will send out notifications of price increases to cover increases to their raw materials such as steel, copper, aluminum, zinc, plastic resins, and so on.
Connexion posts these price increase notifications towards helping our customers with their cost budgeting and assist in any available pre-increase purchase opportunities.
Here you go:
|3M||Undefined||February 01, 2021|
|ABB - Carlon||4 to 9% and higher on select product groups||January 23, 2021|
|ABB - GE||Average 3 to 5% on all products||January 23, 2021|
|ABB - Midwest||Average 3 to 5% on all products||January 23, 2021|
|Arlington Industries||5%||January 11, 2021|
|Atkore (Metal Framing)||6 to 8%||May 03, 2021|
|Atkore/Konkore Fittings||10%||February 15, 2021|
|Bridgeport||8%||June 01, 2021|
|Caddy||16%||August 25, 2021|
|Cooper Lighting||6 to 8%||May 24, 2021|
|Electri-Flex||12 to 20%||September 1, 2021|
|Garvin||15%||June 01, 2021|
|Hammond Power Solutions||2.5 to 3%||January 18, 2021|
|Hubbell - Acme||7 to 17%||July 01, 2021|
|Hubbell - Burndy||3 to 5%||January 01, 2021|
|Hubbell - Kellems||5 to 9%||May 15, 2021|
|Hubbell - Raco||12%||September 01, 2021|
|Hubbell - Wiegmann||7 to 17%||July 01, 2021|
|Hubbell Commercial Construction||1 to 6% (varies by product group)||March 01, 2021|
|Ideal||7%||September 01, 2021|
|Keystone||4 to 9%||March 15, 2021|
|Leviton||3% (varies by product group)||August 01, 2021|
|Lutron||2.4 to 5% (varies by product group)||January 15, 2021|
|Mersen||Approximately 0.4%||February 01, 2021|
|Milbank||7 to 20%||July 01, 2021|
|nVent - Caddy||3 to 25%||June 01, 2021|
|Pass & Seymour||5 to 10%||July 12, 2021|
|Picoma||7% on all products||February 01, 2021|
|Polywater||Approximately 0.1% (varies by product group)||January 01, 2021|
|SATCO||5 to 10%||September 20, 2021|
|Schneider Electric - Asco||3.5%||January 01, 2021|
|Schneider Electric - Square D||12%||July 11, 2021|
|Shat-R-Shield||6 to 10%||April 01, 2020|
|Signify||4 to 8% (varies by product group)||August 09, 2021|
|Southwire||0 to 8% (varies by product group)||December 01, 2020|
|Sylvania - LEDVANCE||10%||July 01, 2021|
|TCP||15%||July 01, 2021|
|Wheatland||7%||September 10, 2021|
|Wiegmann||7 to 20%||September 1, 2021|
Last Update: 09/20/2021
Questions? Please contact your Connexion sales representative for details; including product lines affected and available pre-increase purchase opportunities.