Price Increase Notification
Supply Chain Update:
I would like to take this opportunity to thank you for your support of Conect Enterprises in our first 6 months of trading under the Ball & Doggett business.
Our focus throughout the integration has been to minimise the impact to our customers and develop a sustainable and valuable long-term supply partner to the industry. We aim to be the leading industry supplier offering a wide range of substrates, depth of inventory and a reliable service model to support your business.
Conect Enterprises continues to review its operational overheads and work with its supply partners to ensure we maintain a competitive offering to market.
Over the past six months, our supply partners have come under increasing pressure to review pricing into the Australian Market due to rising input costs primarily relating to raw material increases, energy and freight.
There are a number of underlying drivers affecting supply and pricing:
- Increases in global energy prices due to the Russian Ukraine conflict, which are directly linked to running costs of our business.
- Logistics disruptions arising from the ongoing effects of the pandemic.
- Inflationary pressure on operating costs.
- Increases in global energy prices due to the Russian Ukraine conflict, which are directly linked to running costs of our business.
- Logistics disruptions arising from the ongoing effects of the pandemic.
- Inflationary pressure on operating costs.
In recent months, the appreciation of the Australian Dollar against the USD and Euro has provided some much-needed relief to mitigate the impact, however remains highly volatile and unpredictable. Additionally, Ball & Doggett / CONECT’s global supply network enables us to pivot our product offering (in most cases) to grades and regions less affected, including locally.
We appreciate managing price increases through the market is difficult and we continue to work closely with our supply partners to mitigate the impact. We are also conscious we maintain sufficient inventory to support the market and in order to do so it has become necessary to accept supplier increases to ensure we provide continuity of supply.
As a result of the above price pressures, we are writing to advise that effective February 1st, 2023 we are implementing price increases of 5 -12% across our range.
Your Sales Executive will be in contact with you shortly to discuss in more detail.
We thank you for your understanding and look forward to your continued support.