Inflation: Are We Doing Our Part to Slow it Down?

As a distributor selling air filtration and dust collection equipment to manufacturing facilities, I have seen firsthand that inflation is REAL! However, I wonder if suppliers are doing all they can to curb that inflation rate.

In manufacturing, manufacturers typically introduce price increases with a letter telling us about the cost of goods, labor, and freight going up. They have done all they can and even been absorbing much of that increase but, alas, must introduce higher prices. Blah, blah, blah, blah!

Many of these “price increases” are across the board on all products with the same percentage increase. We know that not all products have the exact costs. Are we simply being lazy and increasing prices on all products whether the cost has increased? Are we taking advantage of the situation because we know it will likely receive little resistance?

However, I am not suggesting that we can stop all inflation. But are we simply accepting these continuing increases and passing them along to our customers, whether those entities are manufacturers, distributors, or end users? To some level, we are.

Dynacom, Inc. is trying to combat some of these increases to our customers by seeking alternative suppliers wherever possible. We are increasing our inventory and buying when the cost is relatively low (compared to future price increases) to hold pricing longer and shorten potential lead times on critical items such as replacement parts.

Individually, we cannot stop inflation. With some good planning and a proactive approach, there are things we can do to slow it down.

So, I ask the question: Are we doing our part to slow inflation?

Tony Pfenning, President

Dynacom, Inc