We are proud to provide the service and support you require to operate your properties in a safe and effective manner. As your supplier, we think it is important to share key trends we are observing in the current market around product cost and availability. The insights below are from the manufacturer partners we work with, as well as publicly available data on raw materials provided by the US Bureau of Labor Statistics from the Producer Price Index Detailed Report dated May 2021. This report can be found here.
It is not just raw material pricing that is up. Crude petroleum is also up 185% since May 2020, which impacts energy and transportation costs. Transportation costs alone are up 7.3% from March 2020 to March 2021.
In addition, many of the products your business relies on are also impacted by manufacturing constraints. For example:
In order to keep your property stocked with the products you need, we recommend ordering ahead.
The good news is this: There is no other distributor better equipped to meet these challenges than HD Supply. Backed by the power of The Home Depot, we are working closely with our global network of suppliers to monitor market conditions, mitigate price increases, and secure the products you need. We also recognize that there may be unavoidable price increases or volatility in the market, and we are committed to communicating such updates as they materialize.
Please know our team of 12,000 Associates is fully committed to providing the products and services you need to safely operate your properties.
Regards,
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