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It s a symptom of a broader appliance shortage that began last spring.
The shortage is due to surging demand, pandemic-related supply chain issues, and a chip shortage.
Many wealthy homeowners have spent the pandemic renovating their multimillion-dollar homes, and it s led to skyrocketing demand for appliances including a certain $40,000 stove.
The New York Times Guy Trebay reported on the real estate boom among the rich and the surge in redecorating and renovating that followed. Interior designers are being flooded with requests to take on new jobs, realtors are booking tens of millions in sales, and decorators are sourcing sectional sofas that cost as much as $31,000.
Even before COVID-19, the Cambodia-based biodigester manufacturing and distribution company ATEC had started implementing online and digital communication strategies. However, the pandemic for.