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HEAT SIPHON News - December 2021

Durable Goods Orders Up 60% from Pandemic
Increasing Shortages as Supply Chain Delays Continue

 

Heat Siphon Costs Up, Order Delays in Spring Likely

As manufacturers like US ThermoAmp Inc., maker of Heat Siphon Swimming Pool Heat Pumps, continue to confront higher material costs and parts and labor shortage, prices are inflating on just about everything used in mfg. "We have had to raise prices over the summer, but could still make units. Now Heat Siphon is facing a 8-12 month delay on computer chip orders which will impact spring deliveries especially with all Digital models. We are trying to shift production to analog models which can be easily field converted to digital as they become available in early summer" says Bill Bernardi, President.

Better Days are On The Way!

Orders Up
Chip Shortages Up

November 24, 2021 - WSJ

New orders for products meant to last at least three years hit $261.3 billion in September when compared with August, the Commerce Department said Wednesday.

Orders last fell in April, followed by four months of gains.

Demand for durable goods has increased in 15 of the past 17 months, after an April 2020 low point early in the pandemic.

A chip shortage has snarled global business and amplified calls from governments world-wide to boost local production of the tiny tech components in devices that power much of our daily lives.

Component shortages have hit everything from car production to availability of some consumer goods, raising the stakes for politicians—particularly in the U.S. and Europe—to reduce their reliance on Asian suppliers.

About three-quarters of global semiconductor production capacity sits in just four Asian locations: Taiwan, South Korea, China and Japan, according to the Semiconductor Industry Association. The U.S. represents just 13%.

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