Important Notice About Pricing
November 14, 2022
This is to notify you of our year end price increases. The largest increases this year are coming from these key areas. I have included the average percent increases we are seeing.
- Sugar: 25%-30%
- Corn syrup: 27%
- Gelatin: 20%
- Packaging: at least 8% varies by film, box, pallet and from when you compare
- Labor: 18% (This is being impacted by Minimum wage increases and competition for staff)
- Freight: varies by region and bracket
- Fuel rates vary by states but are projected to continue increasing.
In an effort to help offset price increases we have options to reduce label costs. Inquire with your account representative on that opportunity.
In our records we have lead time requirements documented for price changes so they will go into effect on the first order date after the lead time we have on file. Your account manager will coordinate those dates with you. If we have no price change policy on file for your account then these price changes will be effective on orders after December 5, 2022.
Due to supply and capacity constraints, we cannot honor any incremental product orders over and above your normal ordering patterns on items that are set to increase in cost.
Please let us know what needs to be done on our end in order to help make this process as seamless as possible.
Please contact firstname.lastname@example.org or your sales representative with any questions or concerns.
President Lehi Valley Trading Company