Keeping Supply Paced with Demand
From the We Kid You Not department: Apple's hottest product right now is, apparently, its $19 cleaning cloth. Even though no computer chips are required in construction, it's on backorder until January. Don't want to wait three months to clean your screen? You can get a six-pack of cloths from competitors, in stock, half price.
Demand far outpaces supply right now in way too many sectors. A lot of that is pandemic-related backlog. Example: When demand for new cars dropped in Q2 of 2020, demand for computer chips also dropped. So, chip makers curtailed production. When demand climbed back up, those chip makers couldn't ⏤ and still haven't been able to ⏤ keep up with orders.
And so it is with steel. The steel surge pricing scenario began earlier this year and doesn't look to abate any time soon. The domino effect of this is all-encompassing. Steel makers can't keep up. Freight carriers can't keep up. Manufacturers can't keep up. End users wait longer.
Three pieces of good news, then, for our industry:
First: While The Yard Ramp Guy is seeing some longer lead times on the orders of new mobile yard ramps and stationary dock ramps, the wait is nowhere near that of, say, waiting three months for a cleaning cloth for your electronic devices.
Third: with some 60 days remaining in 2021, now is an excellent time to buy to take advantage of Section 179:
"Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income."
Check out our Yard Ramp Financing page to explore your options in detail.