January 06, 2022

By Chris Farmer, NFDA General Counsel

As many of you may have read, in response to the soaring inflation that is gripping the country (an increase of 6.8% compared to 12 months ago and its highest level in 39 years), many vendors have begun instituting surcharges on their products. Perhaps you’ve read about these surcharges or you might have received a letter directly from your vendor. Because the price of their raw materials and supplies has surged due to a worldwide shortage of supplies, companies are favoring a temporary surcharge, as opposed to a general base price increase, which would be instituted to address the inflationary pressures that continue to drive up costs.

https://nfda.org/news/in-the-news/nfda-news/id/6260/compliance-alert-handling-vendor-surchargesNFDA