We copied this from Honeywell
Dear Valued Customers,
We continue to forecast increasing inflation related to raw materials, in addition to increased costs in labor and material caused by widespread supply chain shortages. Our industry is heavily reliant on global supply chains for materials and components, as well as an available workforce to manufacture, test, calibrate and ship product.
Furthermore, rapid and continued increases in global demand of semiconductors, essential to manufacture our products, as well as production bottlenecks and historically low inventories throughout the supply chain, have caused extreme limitations of materials resulting in severe shortages of semiconductors and significant price increases, impacting not only our product manufacturers, but manufacturers in other industries as well.
Given the current inflationary environment, Honeywell Gas Analysis & Safety is reviewing product prices on a quarterly basis and continue to look for ways to mitigate our cost increases. Since our previous announcement, general inflation has steadily increased. More specifically, over the past 12 months, the indices for these categories have increased as follows:
• Transportation: 38%
• Oil: 52%
• Steel: 87%
• Energy: 16%
As a result of these previously mentioned factors, which are outside our control, all new orders placed on July 1, 2022 and going forward will be priced at the updated list price. We are selectively applying the following price increases: • Portable Gas: 6% • High Tech: 9% We appreciate your understanding and continued relationship with Honeywell while we all navigate this volatile global environment. We truly value our partnership, and we are committed to delivering best-in-class products and services to help protect workers when and where they need it most.