Product pricing & the effects of the COVID-19 Pandemic.
As you will no doubt be aware we have recently experienced a rapid decline in the value of the Australian dollar against the US dollar. Our catalogue pricing was compiled in late 2018 against the value of the US dollar at the time. Alarmingly this value has depreciated over 20%, mainly due to the Coronavirus Pandemic and loss of economic confidence.
This, combined with increases in overheads and logistics costs, is putting immense pressure on the cost of imported goods. As a result many prices have had to increase.
We hope this is a short term measure and will do our best to reduce prices when the situation stabilizes.
Thank you for your support.
- Altronics Management.