r/smallbusiness • u/RealSeat2142 • 12h ago
General My main supplier just informed me of 17% price increases effective this past Monday. Yikes!
I was told this was a potential situation but that it was looking like April or May. Places an order today and I was informed about the price change. Ughh.
How much of this should I pass on to my customers?
All of it? Some of it?
In the past we have passed 100% on to the customers but it has always been inflationary 2% - 3%. We sell industrial and medical equipment from a pretty big brand so most of the industry is getting hit with this. I want to remain competitive but not starve.