I've done a great deal of thinking about the subject of pricing and I have consulted the opinion of a respected veteran in this business. I have concluded that I unfortunately will have to eat some of my recent words.
I wasn't privy to the actual numbers involved in the price increases until early yesterday morning.
I know that many of you now have seen some products triple in price (actually some have quintipled for me because I
had a really good international supplier). My former international supplier has completely shut the door on shipping hormones out of China. I have been assured that most non-controlled APIs will still be available; but it will be February before I can know if that is true.
So, exactly as
@wedorecover and
@XKawN stated over the last couple days; I am increasing prices.
I want to offer the rationale for this in the best way I can:
With the absence of TGI and Trenity, the last 2 weeks have been completely unbelievable for me. I am out of stock on many things; but what many of you don't realize is that I was well stocked 2 weeks ago.
I actually made orders to keep me stocked with a now MIA domestic provider, until my international delivery could arrive.
It is now evident that that domestic provider has vanished; so I ran out before the international delivery got here. And of course, the money I spent was completely wasted.
Now that some of my international products have arrived, I will be able to begin replenishing my out of stock items.
The problem is that the new price increases in raw materials make it impossible for me to order quantities sufficient to prevent a perpetual cycle of always being out of something-----unless I increase prices some in an effort to afford larger raw orders now.
A point that my friend made is that there could possibly (likely) be multiple sources on other boards that cease operations. In that event, the remaining sources will have to absorb that business.
I have enough product inbound now to BARELY handle the business I am getting; so to imagine a couple of sources on MESO absorbing a potential flood of business from elsewhere immediately justifies an increase in raw purchasing power.
So, effective tonight. The prices of my injectable line will go up a flat $5 on every vial.
I am completely prepared to receive tremendous pushback and negativity; but this is a decision made after considerable thought and it is final.
I hope I will not have to ever do this again. I appreciate you all reading this and I appreciate everyone who has ventured into trying my products.