2022 Price Increases Implemented
Posted on Feb 01, 2022
Lens prices at Global Optics have been increased 3% to 6% for nearly all lenses stocked here. Unfortunately the price pressure of increased transportation costs by ship and trucks, increased material costs, and increased labor costs have necessitated vendors to increase their lens prices. You probably have seen the news of inflation in our country striking other industries as well. The optical industry is not immune to this. Lens prices at Global are set yearly beginning on February 1st. Therefore, prices will remain the same until February 2023 for your planning purposes.
Hoya/ Vision Ease/ Seiko bucked the trend and held their pricing at the same level without increasing any lens prices to Global Optics. Somo, BluTech, and IOT also held most of their lens prices at the same level. The rest of our suppliers increased prices across the board.
Nick is sending updated price files to your lab. Be sure to update ASAP as the majority of lenses have increased in price. If you have not received your price/OPC file for your LMS, please reach out to me. GoStock is also updated with the new prices. If you decide to adjust your pick lists and change suppliers, please contact me right away so I can adjust my inventory levels accordingly to avoid stock outs.
In all my years at Global, this is the most significant change in pricing I have witnessed. Hopefully it will be many years before we see this again.