We want to proactively address the rapidly evolving geopolitical developments in the Middle East and the potential implications on FIBC supply chains.
We are closely monitoring the situation and its possible effects. Early indicators suggest there may be meaningful impacts to:
- Crude oil and polypropylene resin pricing
- Ocean freight rates and fuel-related surcharges
- Marine insurance and war risk premiums
- Broader logistics capacity and supply/demand dynamics
While the scope and timing of any disruption and the extent of the impacts are still uncertain, sustained instability could result in temporary surcharges or cost adjustments if material increases occur. If adjustments become necessary, they would be structured strictly as documented cost pass-through mechanisms to reflect actual incurred increases in resin, freight, fuel, insurance, or related logistics expenses.
At this time, we do not have sufficient clarity to announce any changes to our pricing structure or surcharge mechanisms. We will continue monitoring developments and will communicate promptly should conditions impact confirmed orders or future quotations.
We appreciate your partnership and remain committed to navigating these external factors in a steady and transparent manner.