Price Increases 2021
Price Increase Notification 2021
Firstly, we would like to thank you for your continued support and custom during these extraordinary and unprecedented times caused by COVID-19 and Brexit. You will understand that, for many of us, this has caused difficulties and concern within our businesses and, for some on a more personal level too.
In recent months, one of the major effects of the pandemic and Brexit has been the monumental surge in international shipping costs. The cost of a 40ft container from the Far East to UK has increased from USD $3,000 TO USD $ 12,000 currently. The situation is made worst by the shortage of sea vessels in the Far-East, which is adding extra lead times and this could continue until mid-2021. We have seen huge problems with UK ports congested with containers due to s shortage of drivers to move these out to the customer. Air Freight is also hit badly and prices have shot up here. As many passenger flights have been cancelled, this has led to a huge shortage of cargo space available. Our suppliers are increasing prices due to a shortage of raw materials, as many factories have seen a drop in production due to staff off work.
ETC Supplies have been negotiating intensely over the past months with our international partners and shippers to minimise the impact of the increases in freight rates however, we have now reached the point where we need to increase our prices.
We appreciate that price rises are never welcome, but they are necessary for us to continue to provide quality products and services to our customers.
Effective from 1st February 2021, we will be applying increases across all product ranges.
Please speak to our Sales Team for further information.
We would like to thank you for your continued support and understanding.
Jas. S. Purba