Over the past two weeks, we’ve been closely monitoring the unfolding situation in the Middle East and the impact it’s beginning to have on our industry.

As is often the case, manufacturing feels the effects first, and we’re now seeing that ripple through the supply chain. Last week, it was fuel costs rising sharply. This week, key manufacturers have announced immediate price increases.

Unfortunately, these increases are unavoidable given the current situation - strong volatility in international markets, the blockade of the Strait of Hormuz, and significant constraints in raw materials, energy, and freight.

It’s a reminder of how quickly global events can affect supply chains, not unlike the disruption seen during 

COVID-19 and the polymer shortages that followed.

We remain in close contact with our suppliers and will continue to monitor the situation carefully, doing what we can to support our customers through the uncertainty.

IBC, Drums and Jerrycan price increases