GBP and Euro Price Adjustment – 7 January 2019
Every year, Herman Miller evaluates its product prices and how cost drivers are changing in our business. Simultaneously, they work closely with dealers, salespeople, and clients to understand market conditions and our competitive position.
This year's market drivers around commodities has been extraordinary, with several increasing pressures on our manufacturing costs. This includes:
Commodity prices continue to increase year over year, with steel up over 20% and aluminium up 10%
Currency fluctuation driven by increased global uncertainty and the impact of Brexit
Continued competitive price pressure, with many competitors adjusting their prices to account for many of the same cost pressures, some with multiple adjustments.
Herman Miller works hard to offset these increases and are proactively managing cost increases to mitigate the impact on pricing. However, they are not able to negate their impact entirely and an adjustment of their commercial prices is necessary.
As a result, and to bring us in line with the rest of the Herman Miller Group, the timing of these price adjustments will be applicable to all orders placed after 6 January 2019.
The price adjustments from our subsidiaries are as follows, with these changes applying to all products:
The price adjustments from subsidiaries are as follows, with these changes applying to all products:
All quotes issued by Euklides to dealer before January 6 2019 will be honored at that given price til quote expiry.
If you have any questions, or require additional information, relating to this price adjustment then please contact your Herman Miller Brand Agent