Along with several other suppliers, Graphic Art Mart says it has no option but to raise prices, faced with skyrocketing PVS and freight costs. The Graphic Art Mart team would like to thank customers for continued support through 2021 which was challenging on many fronts.
|Graphic Art Mart's Victorian office.|
In a letter to all customers, Executive General Manager Mousa Elsarky says:
"Throughout 2021, worldwide factors resulted in raw material shortages, cost inflation and escalating import and transportation costs. These issues are impacting all industries and ours is not immune with Graphic Art Mart experiencing increases to the cost of all products we import.
Our suppliers have advised of increases of between 11% and 30% since early 2021, driven largely by PVC supply shortages and record raw material inflation. This is compounded by global shortages in shipping allocations and availability which are resulting in increases of up to 100% on sea freight consignments as well as local port and customs charges.
These global supply chain issues, raw material shortages and inflationary pressures have led to many of our supply partners having no option than to increase prices on many of the products we distribute.
As a result, from Monday the 31st of this month our updated catalogue will reflect these new prices, with an increase of 5-10% across the Graphic Art Mart product range.
In addition, we can no longer absorb the significant increase in freight costs from our freight partners, and as such our standard freight charges will also increase at this time. Please speak to your local Graphic Art Mart representative who can confirm your freight charge.
We remain committed to providing you with high quality products and services which are the benchmark for the industry and look forward to continuing to work with you.
Please direct any specific questions to your Account Manager or local branch."