In response to widely understood market forces, Sidel is advising customers of an average 5% price increase. Factors contributing to the increase include the global shortages of raw materials and electrical components, including semi-conductors, the rising cost of energy and logistics.
The packaging solutions market is experiencing high demand following the global pandemic, while supply chain disruption is leading to the extension of Sidel’s delivery lead times, often into 2023.
In response to this, Sidel is doing everything it can to ensure that customers continue to receive high-quality solutions.