In an era where digital signage has become an integral part of businesses’ communication strategies, the recent surge in LCD panel prices has sent ripples across multiple industries. Manufacturers and suppliers have been facing continuous price increases for LCD panels, especially for sizes exceeding 55 inches. While this issue is not unique to our industry, at Allsee, we are taking a unique approach to support our partners in every way we can.

Price Increase Trends & Factors

Recent data from reputable sources, such as OMDIA, paints a clear picture of the pricing dynamics in the LCD panel market:

“LCD panel prices skyrocketed for four consecutive months from March to June. Panel makers want to continue increasing prices in 3Q23, although the price hike will be at a slower pace than in 2Q23 (…)”.¹

Several factors have contributed to these price spikes, including the disruptions caused by the COVID-19 pandemic, as well as the ongoing conflict in Ukraine. However, similar to our measures at the start of 2021, we have been proactively taking action to ensure that our partners do not have to take the impact of these price increases.

Allsee’s Response

Our commitment to delivering accessible solutions remains our priority and, despite the continuous price increase for components and materials, we are taking steps such as optimising our supply chain processes and reducing our profit margins to absorb these additional costs. This strategy ensures that our partners can continue to rely on us for cost-effective solutions without compromising on quality.

By heavily investing in our supply chain management, we have cultivated solid relationships with our component suppliers, ensuring stability in this process. By maintaining these long-standing partnerships, we can navigate the fluctuations in component costs more effectively and shield our partners from sudden price spikes.

While shipping costs have shown some signs of stabilisation, our focus on supply chain administration truly sets us apart. Our partners can trust that the quality of our products remains market-leading, even as we continue to work to counter the industry’s pricing challenges.

Summary

The digital signage industry is indeed facing LCD panel price increases, however, at Allsee, we stand firm in our commitment to provide cost-effective solutions without compromising on quality. Our unique strategic approach ensures that we can absorb these market fluctuations and continue to serve our partners with unwavering dedication.

If you would like to discuss any of the issues mentioned in this article, or have any questions about how we can support your digital signage journey, get in touch today.