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 complex in certain areas, but vital loyal customers will be supported. Thankfully, this includes us.
At Regency, we deeply value our business relationships. We've worked tirelessly with our suppliers to navigate the challenging supply chain landscape. Our efforts include deliveries, planning volumes, and adapting to future developments, such as the recent changes to Document L of the building regulations. We're committed to keeping the trade flowing up and down the supply chain by adhering to financial schedules.
2022 looks promising, and hopefully, we can all learn to live with COVID-19 and get some normality back into our daily lives - both work and play. We have yet to stand still and are embarking on further expansion plans within our current factory with new equipment and manufacturing space.
Pricing remains challenging, with no suppliers committing to fixing any prices. The current energy crisis shows no sign of abating, and product shortages are still worldwide. Global shipping is still at a considerable 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 to 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 adds £4.20 to 4mm IGU pricing. This is in addition to general price increases.
As always, we're committed to keeping our customers informed about any relevant changes. We understand the importance of transparency and will continue to update you as the situation evolves.
Warmest regards
The Regency Team
