Appliance Shortage – Why Did This Happen?
The appliance shortage means new equipment is in high demand and are hard to find. Here’s why.
If you’re planning to renovate your kitchen, you’re probably already aware of the global appliance shortage. Ever since COVID-19 hit, it’s been hard to find appliances in stock and they’ve been coming with some pretty significant downgrades. Here are three reasons why this is happening.
- The pandemic has disrupted the global supply chain, leaving many homeowners eager to renovate their homes left with limited options.
- Even as the world’s economy continues to rebound, the global lack of available workers for factories has manufacturing capacity constrained. This means that it may be difficult to find the desired materials needed to complete your home renovation project.
- As the housing market continues to boom, there is an increasing demand for appliances. Homeowners who are ready to renovate their homes are looking for high-quality appliances that will last a long time.
Heightened Levels of Demand
It’s no secret that affluent homeowners are always on the lookout for the newest, most high-end appliances to renovate their home. And in the past, that hasn’t been a problem. But with heightened levels of demand and pandemic-caused factory shutdowns, manufacturers have been unable to keep up with the demand for top-of-the-line appliances. So if you’re one of the homeowners who are preparing to renovate in the near future, you’ll likely have to wait a while for your new appliances to be delivered.
Surging Tin Prices
Tin, which is frequently used as a soldering agent in manufacturing, has nearly doubled in price over the last year. This is making it more expensive and harder to come by, so appliance manufacturers are struggling to keep up with demand.
While it’s difficult to say exactly how this will affect prices for homeowners, it’s important to be aware of these trends as you make your plans. Keep an eye on the news and consult with experts in the field to stay ahead of any potential price hikes. Renovating your home is already a large project, so it’s important to be as prepared as possible.
Semiconductor Shortage
A big part of the appliance shortage is the lack of semiconductor computer chips. These chips are in high demand globally and there’s only so many to go around. Before “smart technology” became mainstream, this shortage wouldn’t have impacted appliance manufacturers. If the shortage continues, the appliance industry may have to make appliances without some of the high-tech features so popular with consumers.
A Designer Can Help Circumvent the Appliance Shortage
There are many reasons why you may want to consider hiring a designer if you are a homeowner seeking to renovate your home.
First, a professional designer can help you create a look that is both stylish and unique to your home. They can also help you make the most of your space, whether it is large or small.
Additionally, a designer can provide expert advice on what materials and finishes will work best in your home, as well as help you to stay within your budget. Even with the varying costs of hard to find appliances.
By hiring a designer, you can be sure that the end result will be a beautiful and functional home that meets all your needs.
If you are planning any sort of home renovation be sure to call Executive Craftsman for all your needs.
We are one of the most reputable and sought-after construction and remodeling firms in the area. Specializing in upscale renovations, the company has a wealth of experience and expertise in both construction and design.
Our team of professionals is dedicated to delivering a high-quality product that is also known to work diligently with homeowners to avoid extra costs.
If you are looking for a premier renovation contractor who will take care of everything from start to finish, look no further than Executive Craftsman. Call today for a free, in-home design consultation and let Executive Craftsman get started on making your dreams a reality!
(203) 858-6422
