As you are aware, the world is facing unprecedented supply chain challenges. Nearly all industries are impacted by these issues, including petrochemical, agriculture, retail, electronics and many more.
These challenges have created increased global inflation rates resulting in a 30-year high in the U.S. and we expect costs of raw materials to continue to rise throughout 2022.
As a result of the costs of doing business, Sherwin Williams will extend the 4% surcharge throughout January 2022 and will end on January 31, 2022.
Additionally, on February 1, 2022, Sherwin Williams will implement a price increase of 12% on Architectural Paint, 15% on Industrial Coating Products and 12% on Chemical Coating Products.