VidaBox Supply Shortage & Q2 Price Increase - Effective Tuesday, March 23rd

To our VidaBox clients, customers, & others,
Constrained Raw Material Supplies = Long Lead Times until June-July

Unfortunately, due to the electrical grid issues that recently took place in Texas, our supply of raw materials (HDPE) is now severely constrained. While all (5) of our international warehouses - US, CAN, EU/DE, UK, and AUS - remain well stocked for the moment, customers should be aware that the lead times for backordered items may increase to as much as 9 to 12 weeks from the time of order - simply due to raw material not being able for manufacturing.

Thus, if you have a time sensitive project, we strongly recommend placing whatever orders for items needed ASAP. Once an item is out stock, the lead time for new product may be as late as early June to early July.

10% Price Increase, effective March 23, 2021

Over the past several years, VidaBox LLC has worked diligently to control our raw material and operational costs, so we have been able to maintain our prices without the need for a price increase.

However, the global effects of the COVID-19 pandemic have significantly impacts our costs of production, and freight:

- The cost of HDPE is up 300% over the past 12 months.
This is the principal material in all of our VidaMount tablet enclosures.

- The cost of Steel is up 35% over the past 12 months.
This is the principal material in all of our VidaMount VESA brackets.

- Ocean freight costs are up 150% over the past 12 months.
A 40' container shipment is $5900+, up from $2250

- Domestic trucking costs are up 34% over the past 12 months, at $2.40/mi, up from $1.79/mi

- Labor costs are up significantly. New York has passed a $15/hr minimum wage for 2021, and the federal government has increased unemployment payments. In combination, these have raised the salary expectations of employees

As a result of these unprecedented increases, VidaBox LLC must implement a 10% market price adjustment effective Tuesday, March 23rd. This pricing will affect all orders placed from this date forward. Orders placed before Tuesday March 23rd will have their original pricing honored.

Quotations and pricing for products quoted before Tuesday, March 23rd, will be honored for 30 days. If a quotation was issued on or after March 23rd with the old pricing, said pricing will remain valid only for 7 calendar days.

If you have any questions, please reach out to us. Thank you for your understanding, patience, and loyalty during this time.

VidaBox LLC
Date: Tuesday, March 23, 2021