Folks,
I believe the covid has decimated some businesses to the brink of collapse in various markets. I also believe that my own experience is proving that off shore manufactures will soon be affected by the new tariff and we will be paying extremely elevated costs for goods imported.
Owning an injection molding company here in the US, we are at times, due to competition, forced to go off shore for new injection molds. PRIOR to the new tariff, three small molds we had built were originally quoted for 42K along with 800.00 to get them over here on a bird. so, lets just round up and call it 45K. Because the timing to build to molds went past the initial date of the new tariff, a 14,865.00 tariff was charged to bring them into the states. This now brings the cost to 60K. But! lets not stop there, space on birds are now auctioned off to the highest bidder. The air freight cost was 3,850.00 rather the normal 800.00.
What does this have to do with Xbows? Much. Unless you are planning to buy a truly American built bow, you may want to consider buying it soon. Several Xbow manufactures are scrambling to gain some type of control of the elevated costs to import their products. Adding 30% price to offset the import tariff is going to level the playing field that we currently see in the market between US built and off shore.
Some may say that this will force companies to begin building here rather importing. I hope they can. However, the tooling, design and infrastructure start up costs may exceed most companies ability to do so. Example: An injection mold to make xbow stocks will cost you 35,000-40,000 minimum. You then have the quiver, for-stock, butt plate, trigger assembly. All this tooling is very expensive. The ROI is many years. BTW, Bob and Mary, the people putting the bows together, would also like a paycheck with full benefits while you doing all this other stuff. I can tell you this, the annual health insurance cost for 45 full time people is $318,942.00. ( I know, I signed the check)
I have concern for this industry and in hopes those out there can survive.
FD
I believe the covid has decimated some businesses to the brink of collapse in various markets. I also believe that my own experience is proving that off shore manufactures will soon be affected by the new tariff and we will be paying extremely elevated costs for goods imported.
Owning an injection molding company here in the US, we are at times, due to competition, forced to go off shore for new injection molds. PRIOR to the new tariff, three small molds we had built were originally quoted for 42K along with 800.00 to get them over here on a bird. so, lets just round up and call it 45K. Because the timing to build to molds went past the initial date of the new tariff, a 14,865.00 tariff was charged to bring them into the states. This now brings the cost to 60K. But! lets not stop there, space on birds are now auctioned off to the highest bidder. The air freight cost was 3,850.00 rather the normal 800.00.
What does this have to do with Xbows? Much. Unless you are planning to buy a truly American built bow, you may want to consider buying it soon. Several Xbow manufactures are scrambling to gain some type of control of the elevated costs to import their products. Adding 30% price to offset the import tariff is going to level the playing field that we currently see in the market between US built and off shore.
Some may say that this will force companies to begin building here rather importing. I hope they can. However, the tooling, design and infrastructure start up costs may exceed most companies ability to do so. Example: An injection mold to make xbow stocks will cost you 35,000-40,000 minimum. You then have the quiver, for-stock, butt plate, trigger assembly. All this tooling is very expensive. The ROI is many years. BTW, Bob and Mary, the people putting the bows together, would also like a paycheck with full benefits while you doing all this other stuff. I can tell you this, the annual health insurance cost for 45 full time people is $318,942.00. ( I know, I signed the check)
I have concern for this industry and in hopes those out there can survive.
FD