We are raising prices on several of our popular products 5-7%. The two primary reasons for the price increases are due to the cost of materials and the cost of doing business online. 1) We have seen a raise in our aluminum, steel, and brass costs. Aluminum being the most note worthy for us seeing a raise of over 70% in the last year alone. While we expect these prices to come down over time they probably won’t reach prior lows. 2) Paypal our online payment system also has increased the rate they charge by an additional 1-2% for every transaction.
We have a small sample set of Dial Indicators from our supplier due in at the end of this week for testing. Our supplier has over doubled the order from last time hopefully slowing down some of these outages that we have encountered over the last year with customs and other import problems.
We hope to be able to start ordering this by the case in the following week or two.
We are experiencing some abnormal weather conditions that have caused power and internet outages. It also has caused some delays with supply shipments. Please expect orders to take an additional 2-4 business days during this week as the ice thaws out and services start to return to normal.