Message from our CEO
Dear customers and partners,
A year ago, we started witnessing many consequences of the sanitary crisis on the logistics chain in our industry. We had anticipated the situation getting worse, but certainly never to the extent we have seen recently.
World procurement chains are so optimized and specialized that any shift in the offer and demand balance has a significant impact, as few businesses produce competitively the components essential to a given product. Since the start of 2021, we have all witnessed product shortages and price increases on products we use in our everyday lives.
Furthermore, it is well known that the raw materials market is currently undergoing international speculation, which has led to considerable and sometimes disproportionate increases. To make things worse, ocean carriers have taken advantage of the crisis and increased their prices by an average of 600%. One of them has recently reported an outrageous quarterly profit of 3,7 billion$ versus 427 million$ last year.
We are obviously among the many impacted by this situation as our costs have risen exponentially over the past 6 months. Much to our disappointment, we are forced to announce an exceptional 7% increase on all our products for orders received as of October 1st.
To facilitate the application of this price adjustment, which we hope will be temporary, we will not be publishing a new price list. We have rather chosen to apply a surcharge to be calculated and applied to the pre-tax total on all invoices.
It will therefore be important to add this surcharge to your purchase orders to avoid any administrative delays. We will not confirm any orders that do not include this surcharge. Do not hesitate to contact our customer service team should you have any questions.
We thank you for your understanding and your collaboration.