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We Hate Price Increases

September 10, 2021 2 Comments

 

We hate price increases, but we’re doing one anyway. Costs are way up due to COVID-related supply chain issues, and we can’t absorb the higher costs without a corresponding price increase. It’s not a decision we’ve made lightly, and as soon as costs go back down, we’ll be waiting in the wings with a reduction.

As you’ve no doubt seen in the news, the supply chain situation is crazier than ever. Governments are implementing strict quarantines, factories are closed, ports are clogged, shipping rates have skyrocketed, and several Asian countries are navigating their biggest COVID waves yet. Ikea, Home Depot, and Walmart are chartering their own private ships. China closed the world’s third largest shipping port (Ningbo) over a single COVID case. Factories in Bangladesh and Vietnam were shuttered for weeks this summer while those countries scrambled for vaccines. We’ve never seen anything like it.

After two months with no revenue and dwindling cash while we waited for shipments to arrive by sea this summer, we’re now doing everything we can to avoid a repeat. We’re importing unfinished bags and doing final assembly in the US and Europe. That’s how we did things when we were first starting out, so it feels like ‘back to the future.’ Two weeks ago, one of our factory owners even snuck into his own facility – past the government guards enforcing the closure – to retrieve the parts we needed. Yes that actually happened. Unlike Walmart and Home Depot, we can’t charter ships, so instead we’re loading everything on airplanes – at 10x the normal cost of sea freight – to bypass the quagmire at the ports and keep inventory moving. 

Strange times, strange measures.

We believe this is all temporary. Vaccines will soon be widely distributed, factories will reopen, port traffic will settle, and inventory will flow again. When that happens, we’ll return to sea freight and overseas assembly, and reduce prices accordingly. We estimate it’ll be another 6+ months at least. In the meantime, we’ll be hustling.

Sorry about the sudden increase and thanks for understanding!

The Mosko Team


2 Responses

Bill
Bill

October 25, 2021

I am in the same boat as Sean. I was going to do 80L then decided 40L was plenty for me but now not sure I should not wait through the winter. Also, I believe you guys have made the right choice for your company. I owned a manufacturing company for 20+ years. I would get nailed by Vendors because they knew I had nowhere else to go. I held my prices and ate the increases. NOT a good business decision. Your prices may come down or you may be forced to hold them at current levels. Who knows? The worlds a mess.🤣 Brap on Mosko, your products rock. I just may not be in the right decimal point.
🤙
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Mosko Moto replied:
Thanks so much for your support, Bill!

Sean C
Sean C

September 14, 2021

Thank you for posting this as I’ve been looking at your your Rackless 80 for a few years and when I was ready to finally place an order it was out of stock and was for so long. When I got up this AM I saw the back in stock alert and placed it in my cart. But the time I had finished a work related conf call I saw the price had gone up since I put it in my cart and I immediately got upset. The 80L setup was a stretch before but now it’s just to much for me at this time.
My first inclination was to accuse you guys of being globe trotting elitest a-holes that have gotten drunk on the popularity of your gear and price gouging all the desperate people looking to get out after being on lockdown from the pandemic. like everyone else I haven’t been out of the house in two years and desperate to gear up and get out before I pull what’s left of my hair out.

I remember growing up my dad would talk about how a loaf of bread was a dime when he was a kid, but by the time he was an adult it was a dollar. I joke with him now that my generation has his beat because we’ve seen everything from bacon to lumber increase more in the past year than it did the past half century!

I’ll have to wait it out and hopefully when things settle down and your cost return to normal you’ll be able to rollback the prices enough where I can afford to join the Mosko Moto family.

Thanks again for explaining the how and why from your perspective.
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Mosko Moto replied:
Hey Sean, appreciate you taking the time to read and comment on this. We’re hoping we can get our prices back down asap. Thanks for your understanding and support through this weird time!

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