Notice Id: 172
URL: https://pcs.embeddedarm.com/notices/terminating-tariff-surcharge-increasing-prices-on-all-products Type: General
Contains Board Revisions: No
Effective On: Jul 01, 2021
Published: May 25, 2021
Products Affected: All Products
Dear Valued Customer,
We are contacting you today to notify you that Technologic Systems will be terminating the 5% US/China Trade Dispute Tariff Surcharge and increasing prices on all products by 9%, for a net increase of 4%. Technologic Systems strives to maintain pricing stability on our products over the full lifetime of the product, but unfortunately, with the recent unprecedented changes in our industry, this is proving very challenging.
The economy, in particular the electronics sector, is experiencing a substantial increase in demand. This unprecedented demand is fueling the need for raw materials and increased manufacturing capacity. Which is in turn forcing many electronic component manufacturers to increase prices in an effort to keep up with their manufacturing, material, and logistics cost increases. Technologic Systems is seeing significant price increases on all of the raw materials that go into our products. We are seeing price increases pushed to us on our open materials orders, in some instances costs are even being increased multiple times between order placement and receipt of material.
Due to these factors, Technologic Systems will be applying a flat 9% price increase (rounded down to the nearest dollar) on every product and accessory in our product catalog; this includes both standard and custom product designs.
Technologic Systems is also eliminating our current 5% tariff surcharge. This results in a net per-order price increase of roughly 4%.
The affected products are: All Products
Technologic Systems will honor the current pricing on any orders already on the books where shipment is completed prior to June 30, 2021. Beginning on July 1, 2021, the price increase will appear on all Sales Order Acknowledgements you receive from Technologic Systems, and will be reflected on our website. We will also be re-issuing Sales Order Acknowledgements for those orders already on the books reflecting both the price increase and the tariff surcharge removal for all lines shipping July 1 or later. This results in a net price increase of roughly 4% across all open customer orders.
Please contact us at email@example.com as soon as possible with any concerns. Also please feel free to contact us at firstname.lastname@example.org if you would like an updated quote for the product(s) you order for your records.
Technologic Systems appreciates your business, and we are committed to providing you with exceptional customer service. We apologize for any inconveniences these price changes may cause.
If you have further questions or concerns, please contact us by either replying to this email or by filling out the contact us form at https://pcs.embeddedarm.com/notices/terminating-tariff-surcharge-increasing-prices-on-all-products.
16525 East Laser Drive
Fountain Hills, AZ 85268
Phone: (480) 837-5200
Fax: (480) 837-5300