Happy New Year to All
Here we are in 2022 and despite Covid related issues we are back to work at full steam!
Our key suppliers have confirmed that the supply chain is still difficult in certain areas but key loyal customers will be supported. Thankfully this includes us.
Here at Regency, we value our business relationships and work hard behind the scenes with our suppliers to ensure that we can maintain supply. This involves co-operation with deliveries, volume planning, future developments such as the recent changes to Document L of the building regulations and of course, ensuring we keep trade flowing up and down the supply chain by keeping to financial schedules.
2022 looks to be a promising year and hopefully we can all learn to live with Covid and get some normality back into our daily lives – both work and play. We have not stood still and are embarking on further expansion plans within our current factory with new equipment and manufacturing space.
Pricing remains a difficult issue, with no suppliers committing to fixing any prices whilst the current energy crisis shows no sign of abating and there are still product shortages across the world. Global shipping is still at huge cost and this, coupled with commodity pricing of oil based products – (sealant and warm edge spacers), metals, (aluminium spacers and Georgian bars) and UK energy costs showing no signs of reduction, all mean that product pricing remains volatile.
We are working with suppliers to try and maintain pricing structures but there are no guarantees. Only last week, major UK flat glass producers increased energy surcharges to 21p per kg. Whilst this does not seem much, it actually works out to be a £4.20 addition to 4mm IGU pricing. This is in addition to general price increases.
As usual, we will keep all our customers up to date with relevant changes.
Warmest regards
The Regency Team
