Global Increase & Lead-Time Statement
Dear Biolytic Partners and Customers,
At Biolytic, we remain committed to being a customer-centric organization. We continuously consider the impact of all decisions related to the value we are able to deliver to every one of our partners and customers. Although we continually evaluate our internal processes and vendor relationships to run in the leanest manner possible, we will not sacrifice quality, reliability and dependability of our personnel nor the products and systems that Biolytic provides.
As we have all experienced the rapid increase in inflation, skyrocketing costs of shipping & raw material goods, and supply chain challenges across every industry; Biolytic Lab Performance, Inc. has held our customer pricing throughout 2021 by absorbing these increased costs while many other companies have implemented mid-year price hikes to offset the rise in cost of goods & services.
A price adjustment for all sales of Biolytic items was implemented on January 1, 2022, with an average 15-22% increase on all items determined individually by our cost of goods. Until the price volatility changes, all quotations will be valid for shorter periods, specified on each individual quote.
Lead times are being extended to 14-20 weeks on instruments and accessories. News from suppliers is that supply levels may not stabilize for months. Please be assured that we are doing everything we can to obtain the necessary inventory to keep our customers operational. Specifically, we are looking into and obtaining quotes to increase inventory levels on core items, negotiating with suppliers and proactively contacting customers for forecasts, and arranging blanket orders and stocking agreements when possible. As a reminder, we encourage you to share any information about your forecasts or if there are any other impending changes to your buying patterns that can help us be prepared.
It remains imperative to us that we always provide the best value to you possible, while staying committed to the quality that Biolytic people and products consistently offer to our valued customers.
We appreciate your continued support and business; and look forward to our long-term sustainable growth together.
Have a healthy and prosperous year ahead!
Biolytic Lab Performance, Inc.