Affected by the ongoing pandemic, worldwide businesses continue to update their measures and business outlook in the past weeks. Lumileds, for instance, reported price increase due to Covid-19. They’ve announced a 4% price increase on their LED products, integrated Luxeon solutions, automotive lamps and accessories.
Lumileds noted that due to the coronavirus epidemic and its impacts on the global macroeconomic environment, the cost increases for transportation, raw materials, components and other inputs have gone beyond control and could no longer be absorbed. As a result, a 4% price increase will be applied to all new orders from 15 April.
Before Lumileds, Signify also announced a temporary price increase of 3% on their LED and lamp products in mid-March.