TO: National Builder Partners
RE: Material - Freight Adjustments
The global electronics shortage impacting our industry and many others, is driving up the cost to manufacture our industry-leading garage door openers. We have worked diligently to optimize our supply chain of components and have absorbed much of this higher cost. However continuing component cost escalation have made it necessary to announce the following price adjustments for all operator orders placed after Friday, July 1st for next available installation.
- Residential operators, rails, and accessories 9.5%
In addition, freight and fuel prices have become a major issue for both shipping and installation services. While we are not currently anticipating any adjustment to base garage door pricing, we are communicating to expect an adjustment to pricing from your installing dealers to cover these costs. These carrier surcharges range from 5-10% on your current installed costs. These freight adjustments should be reviewed with your installing dealers to understand the impact on your pricing.
While supply chain difficulties continue to be challenging, we appreciate your patience in continuing to work through these issues together. As always, please know we value our relationship with you and pledge to continue to work diligently to be the best partner possible during these extraordinary times.
Residential National Builder Team
|- East Region Builder Manager
|John Costello III
|- Central Region Builder Manager
|- West Region Builder Manager
|- VP, National Accounts
cc: All Installing Dealer Partners