Global supply chain pressures
increase material & shipping costs
throughout Australia in 2022.
As you will be aware, there continues to be significant pressures on the global supply chain, which is resulting in continued increases to cost of material & shipping across the globe. Australia is no exception, with OLG’s current shipping rates 300% up on this time last year.
Whilst many anticipated a normalizing of international shipping costs & lead time in Q1 2022, the opposite is proving true with costs rising even higher than when OLG wrote to its resellers in October 2021. At this stage, there is no indications of these receding to normal levels until 2023.
To balance out some of this additional cost, and maintain a compelling service offering, OLG will implement a 5% price increase on all products effective 1st February 2022. We plan to issue these in electronic form and will update the online pricelist portal at the end of January. Please remember that you can take advantage of the 5% prepay discount on any of these products to mitigate any increases.
OLG is committed to maintaining stable & competitive pricing levels and will continue to use a structured mix of targeted sourcing, currency averaging, and extensive stock holdings to ensure we hedge our resellers from extreme fluctuations.
Thank you for your understanding, and we look forward to partnering with you through 2022. Should you have any questions, contact your Account Specialist or OLG at firstname.lastname@example.org or please feel free to speak to one of our friendly Customer Care team on: 02 8188 2732.