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It’s gone from 90-120 days to 180 days minimum from order point to delivery. “ These delays and price hikes are worse than anything I’ve ever seen in my 42 years of doing business. Since the start of the pandemic, Bobby Williams, President of United Tool and Fastener, has been expanding his warehouse capacity, building inventory, and working with his vendors and clients to order supplies as far ahead as possible. More than ever, leading suppliers are required to actively manage and adjust their procurement strategies to make sure their clients can get quality product, when they need it, for a competitive cost. Asia-US East Coast prices climbed to $19,620 per shipping container, 487% higher than July 2020, according to Freightos. In July 2021, Asia-US West Coast ocean freight rates reached $18,346 per shipping container, more than six times its level a year ago. “Just in time delivery” is a way of the past in today’s markets, as distributors and contractors are planning for material demands by ordering further in advance and building and accumulating inventory. Delivery times for ocean freight have increased an average of 42% since July 2020, making it more difficult for contractors to get the materials they need to finish projects on schedule. The cost of ocean freight from Asia to the US West Coast has skyrocketed over 500% in the last year, greatly contributing to recent increases in the costs of many materials and supplies used in construction.