|August 16, 2021
Supply Chain Surcharge Announcement for 2021
SERFILCO prides itself on making high quality products at competitive prices, and we appreciate very much the loyalty you - our customers continue to demonstrate towards us on a daily basis.
Since the end of 2020, raw materials we use to mold and machine pump and filter parts alongside materials for filter cartridge manufacturing, have all seen unprecedented price increases due to supply and demand issues. In addition, we have seen large increases in electric motor pricing due to copper shortages - resulting in high metal prices across the board. Some materials have seen increases in excess of 20%.
SERFILCO has absorbed all of these increases to date. However, we do now need to try and cover some of the increases that have been passed down by our supply chain. We have worked diligently over the years to create a coherent and competitive pricing structure. As many of these increases will hopefully be reduced in time, we have decided that we will not introduce a mid-year price increase, but rather adopt a Supply Chain Surcharge approach which can be easily removed when pricing normalizes.
To that end, effective September 1st 2021 (09/01/21), we will be adding a “Supply Chain Surcharge” line item to quotations and any orders processed of 3% of the net value of the quotation or order.
We have tried to minimize the effect on pricing, and continue to manage our supply chain diligently to make sure we have what you need, when you need it.
We trust that you understand our position and appreciate that we have tried to minimize the overall impact as we navigate through these strange circumstances.