Quote:
Originally Posted by EvoFire
Hobz, keep talking, I'm loving the insight you bring to this topic and it's super interesting.
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Its crazy if you think about it. All the crap that we use every single day arrived via the ports. From big to small, rarely is anything air freighted as the overhead are just too high.
We are furniture shopping right now and looking at the prices at restoration hardware/paramount i see that a good 30%-50% of the overall cost is due to inflated shipping charges during the pandemic. The manufacturers had to pay these exorbitant shipping charges and of course they pass it on to the consumer.
Their stock inventory all carry this surcharge, but its not like if i were to order the same item today they will discount it. The prices are already reflect the elevated rates and it wont be for months / maybe years until they reflect the more nominal shipping rates of today (when all existing stock is cleared out).
Ive talked to shippers and manufactures that refused to spend money on R&D this year due to the overwhelming amount of covid inventory they still have in their warehouses. Anyone want any brooks shoes? they got shoes stuffed up the ying yang. Not sure when they will start liquidating their products but their sales rep told me its not looking good.