Brussels – The PU industry in Europe could be facing a 'cultural price-revolution' with increased volatility along the chain value becoming the norm, EuroPUR president Bart ten Brink warned in an open letter.
Europur warns on price volatility
In the letter, published on the EuroPUR website, ten Brink said: 'The players in the supply chain must adapt to the volatility of pries and foresee the need for corrective mechanisms.'
Saying that the era of relatively long-term stable pricing in supply contracts may be over, he warned: '[The change is] not easy for mattress/furniture producers and automotive foam users who are not used to this, and cannot always adapt their prices on a weekly basis.'
But things will change, he said, as the rest of the economy adapts to the current circumstances: ‘The supply chain will need to find ways too.'