Over the past few months, we’ve observed significant price increases in several of our essential supply chains – a pattern that we anticipate will continue throughout 2024. The rise in prices can be attributed to various factors, some of which have affected numerous industries, while others are unique to the technology sector.
Despite our efforts to identify cost savings opportunities and prevent price increases from impacting our customers, we’ve reached a point where price adjustments are necessary to maintain our current level of quality and service.
Although our commitment to offering competitive prices remains firm, we’re more resolute than ever to assist you in finding optimal solutions for your company. In this article, we’ll explore the reasons for the price increase and provide recommendations for mitigating the impact on your business.
Looking at all of the data and the issues that we face as a society and as business people, it’s clear to see that the UK is currently facing a cost-of-living crisis; heavily affecting people and businesses across the United Kingdom.
Many of us have felt the effects of the crisis and this isn’t limited to multinational corporations and their employees.
Because of this, and other factors, such as war, many of our suppliers have increased their pricing to support their staff and ensure that they continue to trade.
Whilst since the crisis, we have mitigated price increases to you, the customer, through cost reduction measures; we have conducted a thorough financial analysis and have come to the unfortunate conclusion: that we will now have to increase our prices for selected services and products. We never take price increases lightly and will continue to be deploying our cost-reduction measures, alongside these unwelcome increases.
Don’t worry – we’ve carefully considered the increases and have done so in conjunction with the PPI (Producer Price Index), as released by the ONS. We have not unnecessarily made any pricing changes.
We too, as a business, understand that price changes aren’t good news, and we welcome any feedback or queries you may have regarding this.
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