Practical solutions for dealing with price fluctuations

This is the first in a series of new White Papers from Insight DIY, dealing head on with commercial challenges facing the UK Home Improvement Industry.

Despite the UK economy having grown by 2% in 2016 and showing that activity had been virtually unaffected by the EU referendum result, the weaker pound is having a significant impact on companies in this industry. The changes in the exchange rate have taken the Sterling to Dollar rate to an unprecedented low level, heaping huge pressure on retailers and suppliers alike.

For an update on the very latest data, check out our Economic Data section sitting within the Insight DIY Knowledge Centre.

Is your business currently struggling to deal with exchange rate fluctuations and the rising cost of your product? Are you finding it increasingly difficult to discuss price increases with your retail customers? As a retailer, are you finding you're having the same discussions regarding pricing with almost every supplier?

If these questions resonate within your business, it is time that retailers and suppliers alike need to work collaboratively to find practical solutions to work through the issues that exist.  

Clive Daley of mdj2 with extensive experience as a retailer and supplier, having held senior commercial positions with John Lewis Partnership, DSG, B&Q and Superdrug, and as a Supplier in the DIY and Craft sectors, provides some practical solutions and suggestions on what can be done to work through these challenges.

Request a copy of "Practical solutions to deal with price fluctuations" by emailing  enquiries@insightdiy.co.uk today.

If you'd like to contribute to this section and believe that you have relevant and interesting content for future white papers, then please email our MD Steve Collinge today at Steve@irg.co.uk. 

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Achieving a price increase during times of currency fluctuation - Clive Daley

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