I wanted to provide a quick update regarding the upcoming price increases and possible fuel surcharges related to the current situation in the Middle East.
I’m hearing that order placement with our suppliers is beginning to pick up. I would suggest looking at your current inventory levels and making sure you are prepared for the spring season.
Lead times could begin to extend as more companies start placing orders, so it may be worth reviewing upcoming needs sooner rather than later.
In my opinion, the situation has strengthened the likelihood that the previously announced price increases on roofing and siding products will hold.
Oil prices may be quite volatile over the coming weeks or months, and I would not be surprised to see suppliers begin adding fuel surcharges to their invoices. These surcharges would likely fluctuate based on the price of fuel.
If you hear anything in the market or receive additional information from suppliers, please feel free to pass it along.
