The inevitable Price Increase, has arrived. 2020 was an unprecedented year full of difficulties and changes. As we make our way through 2021, small businesses are continuing to adapt and adjust to these new times we are living in.
The Dreaded Price Increase
As many of us have surely noticed, prices are increasing across the board in most everything from fuel to groceries to building materials. Several factors are driving these increases. Covid-19 has caused manufacturing and production facilities to shut down for weeks at a time causing interruptions in stock. This has caused less stock to be available to meet demands and raises the price on stock that is available. As more employees continue to work from home, the stress on shipping and freight cost has increased driving the cost of shipping materials higher. Building materials are in more demand than ever now that more people are working from home and taking on home improvement projects. In addition, minimum wage increases have forced employers to raise the price of items to cover the additional payroll expenses.
Has not been immune to the impact of these price increases. We have seen the cost of our items raise over 30% in the past 12 months. Increases of this magnitude can be devastating for small businesses. That is why, now more than ever, it is important to continue to support your local businesses.
Local businesses are the heart of communities. As we continue to move forward in reopening and begin to return to a semblance of normalcy. We need to remember to support our local stores, our local restaurants, and our local service providers. They have been impacted the most from the consequences of the pandemic. Now is the time to rally behind them.
If The Wright door Co. can assist you in any way. Give us a call at 314-484-3667, 636-293-3007 or 618-698-8058 to Deliver The Quality You Expect and The Service You Deserve.