GHP Newsletter | December 2021

Market Update

The supply chain continues to be affected by rising manufacturing, operating and shipping costs.  Since our last update in October, we have incurred price increases of up to 15% and received notice of further increases in January by as much as 17%.

Due to this, we are currently reviewing our catalogue and your new prices will be confirmed in the New Year.

Today’s market is extremely challenging, and the situation is being compounded by energy and transport surcharges as high as 20%, which we are currently absorbing.  We are also restricted by short price validity periods—as little as one month—hinting at further price increases to come.

In addition to rising costs, our main concern for 2022 is product availability, as we have experienced unprecedented lead times this year—in some cases up to 6 months—caused by shipping container shortages and inflating rates.

Although these issues are alarming, we are encouraged by the openness of our suppliers, the level of detail in their communications, and the quality of service received in such difficult times.

We appreciate another price increase is not welcome news; however, we hope you understand these developments are beyond our control and that we must react to the market in order to remain viable and continue to provide the quality of service expected by our customers.

Thank you for your continued understanding and support.

From all of us at Grosvenor House Papers, we wish you a very merry Christmas and safe and happy New Year.