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Updated 8 days ago on . Most recent reply

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Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
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Self Storage- just bought Locks. Made in China

Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
Posted

Both of the types of locks we use for Self-Storage are Made in China.  Just ordered a years' worth.  

With the Tariff and trade war.  Our vendors will need to source from elsewhere which will drive the cost up as others also switch there sourcing to a limited vendor base.  Or no locks will be available as stocks here run out.  Even if China came to the table and things were settled.  Just like Covid there will be a backup of container ships being able to be offloaded in our US ports.  

Also, Chinese ports are packed full of cancelled orders.  Even a new production order of Locks would have to make it through a Chinese port that is already full of containers sitting, plus you would need to find an empty container to ship.

Main point- identify what is critical for your business and make a plan.  Although we bought a years' worth of locks.  We will always be able to use them.  Also, they are small dollar but critical to our business.

Start small and Make Your Big Mistakes Early.

  • Henry Clark
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