Global shortages of electronic components
Over the past couple of months, just about every industry has been experiencing shortages of critical components, esp. electronic components like computer chips & industrial micro-controllers. The general consensus is that these shortages may last 2-3 years.
We have started experiencing the effects of these shortages. Our suppliers have advised us to plan for extremely long lead times for our parts; lead times have gone from 3 weeks to 36-42 weeks for assembled circuits boards. In addition, our suppliers have increased the prices by 30-50% on a few critical parts.
At Bogart Engineering, we have actively managed our costs by implementing a number of steps to improve manufacturing efficiencies & reduce waste. These steps have helped us keep the prices of our products unchanged since 2015. However, the combined effects of Covid-19 and the global chip shortages simply can't be mitigated by internal processes. We are increasing the prices of our Trimetric TM-2030 Monitors and SC-2030 Solar Chargers beginning July 2021. We hope to keep the increases to a minimum, but expect it to be in the 10-15% range for these two items.
We hope our customers- current & potential - understand the issues we all face and continue to support us. Please email or call us if you have any questions.