As of July 1st. 2021, across all countries, a price increase of 2% on machines and related peripherals will be rolled-out. Spare parts and services are excluded from this general increase.
Post COVID, economical global GDP is expected to rebound by +5.1% in 2021( source: Euler Hermas). This growth drives high demand for raw materials across various industries. In addition, bottlenecks in the global supply chain remain as high as during the peak of the pandemic.
In these circumstances, raw material for the packaging industry as well as some key materials required for the production and maintenance of equipment, including standard components across electronics, electrical, bearings and consumables, are in short supply generating longer lead times and prices increases. The price of hot rolled steel plate hit record prices across all exchange markets, increasing by more than 120% over the last 3 quarters (source: Bobst procurement data).
“Given the current circumstances and the market volatility, when a crisis turns into such a recovery, we must toggle between managing for the present and the future. We are planning for the long term with new forecasting and planning methodologies but at the same time we need to cope with immediate global market constraints”, commented Jean-Pascal Bobst, CEO of Bobst Group.
