BPMA warns of price increases as pound weakens
Further to a meeting of leading industry suppliers that was held recently, the BPMA has been asked to advise its membership, in relation to the pressure that suppliers of imported goods paid in US dollars, are facing.
While the majority of professional suppliers have so far resisted publishing new price lists, with the hope of addressing this in January, it is now apparent that they are no longer in a position to sustain existing prices. Distributors should be aware that there are price increases on the way, and should show a level of understanding of the necessity to do so.
The BPMA works with chosen provider Moneycorp for competitive exchange rates. You can read its detailed commentary on the effects of the dollar rates by clicking here.