Due to a number of economic factors, we anticipate a number of cost changes for July 1-2021.
Cost changes have come from 37 of our vendors and cover a wide variety of products in office supplies and furniture. The vast majority of the increases were in the single digits, but about 10% of our suppliers have double digit increases. On a positive note, a number of decreases were received as well.
We make every effort to minimize the impact of the cost increases. Our buying group, Basics has pushed back on many suppliers ensuring the that proposed increases were both fair and across the market to our Canadian competitors.
Ongoing supply disruptions are impacting all manufacturers across all business sectors globally. As a result, our suppliers are not only seeing unprecedented cost increases in raw materials & transportation but they are experiencing supply shortages from our most trusted suppliers. We have never experienced such a dramatic change.
We are well positioned to supply products for your office through our warehouses in Peterborough. We have been working strategically and have stocked up our inventory so we have the products you need.
Our goal is to continue to provide you with products that offer you the best value with the highest quality service to support you and your business. We appreciate your business and thank you for your continued support.