There was a price increase on labels in May and for the second time this year, there will be another price increase on labels.
Why is there another price increase?
Suppliers have indicated their raw material costs are increasing at a faster pace than their ability to find cost-savings initiatives to mitigate them.
Here are letters from major raw material manufacturers indicating that material costs for both paper and film label stocks are going up across the board.
What does this mean for me?
Prices will increase effective October 1, 2018.
- Label material costs will go up between 4% to 7%.
- Freight surcharges are increasing by 7.5%.
What will happen in the future?
We are working very hard to keep the cost increases as low as possible. We appreciate your business and patience as we work through this process.