Rising Raw Material, Out of stock & Late Delivery?!

Beginning in the January 2021, the LED lighting raw materials was getting start to rise. Materials like aluminum, copper, carton paper, packing paper, PC, ABS, silicon gels, ... almost every kind of materials to making a lamp are rising the prices. 

We could see many LED manufacturers began to rise the LED lighting product prices at the past several month. Base on the historical experiences, the raw materials will fall after the Chinese New Year. However, the 2021 is so special. we could see from the above diagram that aluminum and copper keep rising prices in the past month, even the past half year, and sees not stopping.

Many more LED manufacturers cannot stand for that, and more announced rise in prices also.  Would that be the only problem for the lighting business in 2021?  NO WAY！

You might heard of the news that Smart phone CPU and ICs are in short supply at the beginning of 2021. But you probably not knowing that not only the Smart phone ICs, but all ICs for all industries are in short supply, and many are out of sock.

If you are in the LED Driver or Power Supply related business, you might found out that it's so hard to get even one plate of ICs. We are back to the primitive society that people are not trading ICs in money, but in another ICs. In a result, we are now really out of supply of LED drivers, or power supplies, or controllers.

All materials are rising prices, so suppliers are not willing to have more stocks. So each materials need longer delivery time.

And ICs are out of stock, in a result of a really late or even endless waiting time for a LED driver.

Rising labor cost, and lack of labor also be a headache for LED lighting manufactures.

So, you might expect to have a much longer delivery time for all LED lighting products in the next one year or so.

Please be patient and understanding the awkward situation of all LED manufacturers, and hope everything will be recovered and be nice again! Keep Fighting!