Question: What products are affected by the price increase?
Effective November 1st, the following increases will be put into place for currently imported products:
Question: Tariffs went into effect in September, so why are you only now raising prices?
Tariffs went into effect last year, and again in September 2019. Since then we have been absorbing the additional expense while we assess different options to lower the impact to NEC and our customers. These options include shifting manufacturing, bringing incremental inventory into our warehouses and working with our distribution partners to maximize our supply chain. However, we can no longer continue to absorb these cost increases and are forced to pass them along. To minimize the impact on our customers, we are blending the cost across portfolio categories.
Question: Are these price increases only for sales in the US?
The price increase affects sales of all products in the US, Canada, and Latin America. Currently, NEC product is shipped into the United States before being routed to other countries and, as such, are impacted by the tariffs.
Question: Will NEC raise pricing on additional products due to tariffs in the future?
It is possible that NEC will raise pricing as the tariff situation unfolds. We continue to monitor the situation.