INX prepares for price hike amid Middle East war
The uncertainty of the situation in the Middle East has led to a series of increases impacting INX's ability to maintain costs.
Due to the uncertainty and magnitude of the current situation taking place in the Middle East, INX International Ink is alerting customers to the strong likelihood of price increases across all product lines.
As a global manufacturer of inks and coatings, INX is utilizing its supplier resource network to best serve its customers. The supply chain team is working with its network to mitigate price increases and secure the supply of critical raw materials.
However, the uncertainty of these evolving events has led to a series of increases impacting INX's ability to maintain costs. The company is experiencing higher costs for raw materials, energy, logistics, insurance and transportation, as well as extended lead times due to supply chain disruptions in nearly every market region.
INX representatives will contact customers directly to discuss price increase specifics and the impact on each product portfolio. Customers will be kept updated and should contact their sales representatives directly with any questions.
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