I have some questions, unsure if you can share more (or if they're invasive).
What is causing the price increases? Is it related to the pandemic or other issues? Are these price increases expected to become the norm or will there be decreases?
I can't speak for someone else but I can say that with my company's imports, it was pandemic related. Nothing was going out of the China port during part of one of the lock downs, and then nobody was ordering for a while due to lockdowns, and then all of a sudden everyone ordered and all the ships had to go.
Everything got clogged up. Orders were backlogged, ports were clogged, and it still hasn't caught up. The port of Los Angeles, for example,
had ships waiting in a line miles long. The stevedores just couldn't keep up with the work even at 24 hours a day, the dock warehouses couldn't store enough, the trucks and trains loading from the warehouses were log jammed, the entire system slowed to a crawl.
In theory everything should eventually catch up. But we're experiencing ongoing delays, and also some parts are simply unavailable and have been all year. Some fairly ordinary aerosol canisters we use are on 7 month back order right now, for example, but I had to order some at quadruple the normal price to keep functioning. Some essential parts ran out, which caused some other combined parts to run out, which causes a cascade effect up and down the line of a whole series of products.
It has been a mess. And I've had to raise my prices, because the prices I've had to pay for everything has gone up. Which makes my customers grumpy despite us trying to absorb as much of the price increases we're experiencing ourselves.