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Tag Archive: Stamping

  1. Container Shortages and Port Congestion Leads to Increasing Freight Costs

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    How did the container shortage come about?

    Only 40% of containers shipped from China to North America were returned to China after China’s Covid-19 recovery and during the shutdowns in the Western hemisphere. This means almost half of those containers are unusable. On one hand, container manufacturers are not producing them fast enough to meet the current demands. On the other hand, containers are not unloading fast enough due to the lack of resources and due to the previous port congestions. Port congestions are the results of the previous port closures during the pandemic. Rail companies such as the Union Pacific have instituted shutdowns due to congestion and will further contribute to delays.

    Containers Stacked

    What does a shortage in containers mean?

    A shortage in containers means a shortage in inventories. Big retailers are driving demands even higher as they try to get stock ready for the pre-holiday season. Container manufacturers are charging premiums for their containers due to this high demand (Source: dedola.com).

    We manufacture our fasteners, stampings, and castings overseas, so this is a direct impact to our costs. We are already seeing the increase in freight costs across all international supply chains. These container surcharges will begin to emerge in our prices despite our best efforts to absorb them. No one likes to be the bearer of bad news but these are the results of an unfavorable situation. We are hoping for the market to stabilize but this is unlikely to happen before the major Holidays in 2021.

  2. High Quality Metal Stamping

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    Learn About Metal Stamping at Fast-Rite!

    Engineering & Design Expertise

    Since 1992, Fast-Rite has partnered with OEMs to make them successful manufacturers. Through concise manufacturing capabilities, engineering expertise, and design recommendations, Fast-Rite is a leader in providing OEMs with the absolute best materials. One of the most popular products that we offer is our state-of-the-art industrial stamping.

    Industrial Capabilities

    Fast-Rite’s signature metal stamping is the highest quality in manufacturing today! Our capabilities include heat-resistant metal alloys, prototype/short-run capabilities, 4-Slide/ Multi-Slide, progressive die, straight slide, springs, and wire form parts.

    We can manufacture precision stamping from virtually any material, including steel, bronze, copper, brass, aluminum, steel, and stainless steel — four slide and multi-slide, precision laser cutting, progressive die products and more. Fast-Rite also offer secondary operations such as deburring, tapping, heat treating and plating.

    Plus, you can customize with a wide variety of finishes, including zinc in all colors, nickel in all colors, phosphate, mechanical zinc, galvanized zinc, chrome, gold, brass, copper, and more!

    From Taipei to Toronto, Mexico City to Manhattan, Fast-Rite’s stamping across the globe!

    Consultation

    Fast-Rite sells more than just high-quality fasteners, stampings, castings, and assemblies. Our lines include electronic components, MRO and PPE items, abrasives, anchors, tools, and tool accessories, just to name a few. Check out how you can save more than 20% on  Customized Component Management!

    Call us today and learn how we leverage our SAP backed technology to implement spend management. Our industrial product experts are ready to assist!

    Dial 1-630-858-0988 or email sales@fast-rite.com.

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