Unexpected price rises.
Regrettably we have been shocked to be advised this week of immediate price increases of between 10% & 25% on slightly less than 30(yes 30) popular products. In the main they are either imported or have the majority of their constituent components imported such as yarn, fibre or rubber etc.
I'm sure you will have heard about the soaring cost of freight, both sea and air and the lack of available transportation space. The container shortage is exacerbated by greatly reduced air traffic cargo space availability. In short raw materials are rocketing in price and taking far longer to arrive(the recent Suez mess didn't help either). Market forces are severely frustrating all attempts to keep costs down.
Today (08/04/2021) alone we had an immediate 25% cost increase in some UK manufactured items made from imported yarn. This increase was advised with absolutely no notice period whatsoever as would have historically been the case, which is effectively forcing us to "knee-jerk" in response. The price on some items will increase quite significantly over the next week or so. This situation is totally out of our control.
We expect considerable upward movement in the price of items containing rubber in the next few days.
We have always been proud to be the acknowledged market leader in our sector and are continually driven to improve our stock holding, product portfolio and service levels for you. Unfortunately these unannounced and severe price increases just cannot be absorbed. In the coming days and weeks we will be working through the product portfolio to rationalise and ensure we only pass on the absolute minimum cost increase possible, there will be some "painful" decisions made.
As things stand we cannot guarantee prices will be stable for any given period going forward either. If you have a mission critical product we would urge you to consider stocking up now.
Thank you for your past support.
Keep safe & kind regards,
During these extraordinary times as part of our social responsibility program SupplyDivision is strictly applying all anti-viral recommendations and protocols issued by the UK Government and local Health Authorities:
P.S. We are powered by carbon neutral energy.
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