Belden Price Increase May 2022
Price Increase May 2022
We would like to inform you about upcoming price adjustments for all networking and connectivity products from the Hirschmann, Tofino, GarrettCom and Lumberg brands. For Networking products, the prices will be increased in average by 6.9%, and for Connectivity products in average by 6.4%. The new prices will apply to all orders placed on or after May 1st, 2022. All orders placed at current prices before May 1st, 2022 with a requested shipping date after November 1, 2022 will be subject to price review and, if necessary, price correction.
The adjustment of prices is inevitable due to the ongoing challenging economic situation. We are affected by an increasing shortage of materials, especially raw materials, and semiconductors. At the same time, market demand for these components is high, resulting in increased delivery times of up to 60 weeks. Increasing labour and logistic costs are further worsening of the situation resulting in double-digit cost increases.
We are monitoring the situation on the procurement markets very carefully. Unfortunately, we do not expect any substantial short-term relief. We are doing our utmost with our purchasing team and our suppliers to ensure the supply of products as well as controlling the price as best as possible along with efforts in reducing delivery times.
If you have any further questions on these processes, please contact us.
Kind regards, Belden Electronics GmbH
Brian Lieser
VP & General Manager VP Business Development
Dr. Thomas Niessen
Industrial Network Solutions Industrial Network Solutions