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  • Please make sure that in your Excel document the data format of the Product Code column is Text. Changing it to other formats might lead to an incorrect interpretation of input value for codes with leading zeros. For example, 0301346 will be 301346, and it would be another product than you expected.
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    Price Increase effective 1st May 2022

    Price Increase Effective 1st May 2022

    Dear Valued Partner,

    We hope this letter finds you, your families, colleagues and friends safe and well.

    After the disruption of the last couple of years, we had hoped for some stability coming into 2022, however as highlighted sadly by what is happening in Ukraine that is clearly not to be.

    Unfortunately, we continue to experience constantly rising input costs. Prices that seemed inconceivable in October last year continue to break new highs. Energy and material costs, freight and overheads are rising with new 30-year highs in some cases.

    Therefore, our hope that past cost price increases would prevent the need for further increases has not materialised and we are faced with the need for an increase effective in May.

    In an effort to help as much as possible, we continue to absorb much of this and have made further efforts to keep the price increase to a minimum. This varies by category and ranges from 2% on graphic markers to 8% for our additives where raw materials and associated costs are rising significantly more. We will continue to invest back into the category by supporting our products through product innovation, digital and in store engagements to grow our business with you, build on the successes of 2021 and deliver against our shared business plans for 2022.

    The increase will be valid on all orders that are delivered from 1st May. Please note we will be monitoring demand against forecasts and budgets before the increase, to ensure it is within reasonable levels with no abnormal increases. As you can imagine we will need to service all customers equitably and manage our inventory accordingly.

    The prices have been updated on our B2B portal.

    As with all communications, please reach out directly to your local Colart representative should you have any questions or queries and they will be happy to help.

     

    Best regards,

    Anthony Taylor

    UK General Manager

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