With reference to the previous newsletter of Force Majeure due to electronic components market’s shortage, and subsequent notification of new prices as of January 2022, Algodue was confident to keep the same prices fixed for the entire year except for situations arising from unforeseeable and extraordinary events beyond our reasonable control.
The global supply chain scenario, already critical in 2021, has now worsened further due to the war between Russia and Ukraine, and is considerably affecting the market condition.
Algodue is facing circumstances of dramatic uncertainty related to components’ availability and costs for raw materials and transport, exacerbated by more than threefold increase in petrol, gas and electricity prices over the last few months in Italy.
Our daily business is defined by exhausting negotiations with suppliers in the attempt to minimize costs and secure material deliveries. Although our efforts are constant and accurate, we receive daily notifications of delays and price increases, sometimes without any earlier warning.
These extraordinary events outside of our expectation and control lead us to make a further increase of prices on specific instruments, and to adjust all current pending orders according to this variation, so to preserve our current catalogue and sustain our business.
We trust this situation will settle as soon as possible, so to recover the stability that always characterized our activity. We kindly ask you to take note of this communication and to continue our cooperation even during this unexpected and dramatic situation.