Monica Eaton-Cardone Says Computers are About to Get More Expensive
Chargebacks911 COO Monica Eaton-Cardone was recently asked to share some of her insights about items that are about to get more expensive in a new feature for Reader’s Digest. In the post, Monica highlights computers and electronics as products to watch on this front.
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Products increase or decrease in costs for a variety of reasons. In the case of electronics, Monica notes that their complex supply chains and production regimes can make the devices we use every day especially susceptible to disruptions like a global pandemic.
Most people don’t understand how insanely complex supply lines have become, especially for high-end electronics,” Monica says. She points to the fact that the rare earth metals required by these devices are often mined on one continent, assembled elsewhere, then sold in an entirely different corner of the world.
“When even a small breakdown in that chain occurs, expenses rise, productivity is stalled, and profit margins shrink—and that means higher prices for smartphones, computers, and other electronics.”