Consequences of the Rapidly Changing Market

COVID-19 has changed the world. We experience its impact every day, both professionally and personally. In addition to COVID-19, there are several other factors influencing the turbulent world in which we live.

As a specialist in fasteners, we closely monitor developments in the market. Below, we highlight the most urgent developments driving change and uncertainty across the industry:

• Raw material prices and the associated long lead times
• Product shortages, insufficient production capacity and anti-dumping duties
• Sea freight and transportation costs
• Energy prices and rising inflation
• Packaging costs