Fabory Announces Fastener Price Adjustments Amid Rising Global Costs

Increasing costs across energy, transport, packaging, labour, and raw materials continue to impact global supply chains. To maintain product quality, availability, and service levels, Fabory will implement a limited price adjustment from 14 November 2022.

Published: 7 November 2022

Businesses across Europe continue to face significant economic challenges as rising costs affect every stage of the supply chain. Increased energy, transportation, labour, and packaging costs have placed considerable pressure on manufacturers, distributors, and suppliers worldwide.

In addition, currency fluctuations have further impacted international trade, with the US Dollar reaching parity with the Euro for the first time in more than two decades. These developments have contributed to higher operational costs throughout the fastener industry.

Market Conditions Continue to Influence Costs

While some positive developments have emerged, including easing commodity prices and improvements in production capacity, these gains have been offset by continued increases in operating costs across the supply chain.

As a result, suppliers throughout the fastener market continue to experience higher production, logistics, and distribution costs.

Limited Price Adjustment Effective 14 November

To help offset these increases while maintaining the quality and availability our customers expect, Fabory will implement an average price adjustment of 6.4% across its fastener range from 14 November 2022.

The impact will vary depending on product type, dimensions, material, and market conditions. While industry-wide cost increases are estimated at approximately 10%, we have worked closely with our supplier network to limit the overall effect on our customers.

We will continue to monitor market developments and make adjustments as necessary in response to changing economic conditions.

Maintaining Quality and Product Availability

As a specialist in fasteners and industrial supplies, Fabory remains committed to providing high-quality products and reliable availability.

Through our extensive supplier network and inventory management expertise, we continue to take proactive measures to ensure customers have access to the products they need to keep operations running efficiently.

Need Support with Production Planning or Stock Management?

If you have questions regarding production planning, stock availability, or future demand requirements, please contact your account manager or our customer service team. Our specialists are available to help you manage supply chain challenges and minimise disruption to your operations.