HomeMy WebLinkAboutFYI Pace Labs Inflationary Surcharge Letter 6.9.2022 pace PEOPLE ADVANCING SCIENCE
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June 9, 2022
Valued Partner:
Thank you for your business, support, and trust in Pace, particularly over the last two years. Together, our
industry remained open, as an essential service, and our team is Pace Proud to have done our part in
supporting your needs during periods of economic and medical uncertainty.
Over the last decade, our respective industries have experienced significant downward pricing pressures.
To help manage through these changes, we have invested in R&D, automation and technology to reduce
costs. Unfortunately, more recent events have seen persistent and unbudgeted increases in labor,
supplies, and other operating expenses that outstrip what we have been able to offset. Although we have
absorbed many of these costs through our sustainability efforts, the now historic increases make it
challenging.
To help with the rising costs we have already felt, effective June 15, 2022, Pace will implement an 8.6%
Inflationary Surcharge on all invoices.
co If we are operating under a signed contract that specifically addresses changes, adjustments, or
modifications we would like to schedule a meeting to discuss this update. Should you have a question
related to your specific contract, please reach out to your Account Executive or local General Manager
with a copy of our agreement and we will work together to review the specifics as it relates to this
notification.
The changes we all are experiencing are dynamic, unplanned and stressful. Pace remains committed to
support your success as a partner through these challenging times and wants to work with you to address
the realities we are all forced to face.
Sincerely,
■ o
Greg Kutsko
Director of Commercial Operations
pacelabs.com 1800 Elm Street SE,Minneapolis,MN 55414