It’s been all over the news already; our trade war with much of the world, but did you know that computer vendors are predicting price increases in the new year on all hardware and tech equipment because of this. Some of our vendors are estimating as much as a 25% increase in technology products starting as early as January 1, 2019.
In addition to cost increases, there might also be some product shortages due to the tariff increases. With rising costs, production will decrease slightly to ensure manufacturers can sell the product they have. These changes mean that your favorite things might be out of stock when you want to purchase them.
The question of how much the costs will rise and when it will happen is still up for debate. It might kick in right away, or take a few months to trickle down to companies and consumers. It all depends on how much stock technology manufacturers currently have. Price increases will depend on exactly how the tariffs are applied: per material vs. final assembly.
What does this mean for you, the consumer? Well, unfortunately, that means product shortages or higher costs on things you’re used to getting easily and relatively inexpensively. If you’ve been on the fence about purchasing new equipment, this might be the perfect opportunity to go ahead and buy those new computers for your office.
No matter if you’re worried over the trade war or not, Networks Unlimited can always help guide you through the world of technology and get you a customized solution that fits the need of your company. We can also help you plan your technology upgrades to make it easier on your annual budgets. Contact us today to get started.