Bobst announces 2% price increase across all countries

Bobst announces 2% price increase across all countries

Mail-COVID , global economic Gdp is expected to rebound by +5.ane% in 2021. This growth drives high demand for raw materials across various industries. In addition, bottlenecks in the global supply chain remain equally loftier as during the pandemic acme, say a Bobst release addressed to its customers.

"In these circumstances, raw materials for the packaging industry and some key materials required for the production and maintenance of equipment, including standard components across electronics, electrical bearings, and consumables , are in brusk supply generating longer lead times and price increases.

"The hot-rolled steel plate price hit record prices beyond all exchange markets, increasing past more than than 120% over the concluding iii quarters (two).

"So far, we have been able to maximize our production capabilities reflecting the orders we received. Nosotros managed our parts inventories to avoid shortages. The new stock replenishments are, yet, for the foreseeable hereafter, going to be made at much higher costs.

"We demand to ensure business continuity and consider these new and unexpected market fluctuations. As of i July 2021, a toll increase of 2% on machines and related peripherals volition be rolled out across all countries. Spare parts and services are excluded from this general increase."

Bobst statement on shaping the hereafter of packaging

"Given the electric current circumstances and the market volatility, when a crisis turns into such a recovery, nosotros must toggle between managing for the present and the future. We are planning for the long term with new forecasting and planning methodologies , but at the same time, nosotros need to cope with immediate global market constraints," commented Jean-Pascal Bobs t, CEO of Bobst Group.

"Our local sales representatives will ensure that all customers will be informed individually to provide transparency, as we are all impacted by this special state of affairs.

"The global recovery is positive, and it requires adjustments for the packaging industry. Nosotros volition keep to shape the futurity of packaging together."

(1) www.eulerhermes.com

(2) Bobst procurement data

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Source: https://packagingsouthasia.com/active-and-intelligent-packaging/bobst-group/

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