Global gaming products supplier SuzoHapp Group has attributed higher prices to an increase in fuel costs and shipping charges, among other economic factors affected by the Covid-19 pandemic.
“Over the past few months, you may have noticed price increases on some of our core products,” said the firm in a statement released April 22. “The price increases were necessary. Shipping costs and lead times have increased due to higher fuel prices, higher demand for, and limited supply of, shipping materials.
“Operating costs have also increased due to stricter safety protocols,” the statement continued, a reference to the Covid-19 pandemic.
According to GGRAsia, SuzoHapp also said the group’s “power supplies, harnesses and assemblies” had been affected by a “global shortage of copper and rare earth metals.”
The gaming supplier also pointed to a “surge” in remote-working arrangements globally due to the pandemic had “created unexpected demand for monitors,” causing a “shortage in LCDs and panels and resulting in higher prices and longer lead times.”
Despite what it described as “unexpected market events,” SuzoHapp said it remained “committed to providing” its clients with “excellent service and high-quality products at fair prices.”
In January, SuzoHapp announced it was splitting its cash-handling product business from its “core” gaming, amusement and sports betting technology business. At the time, the company said the move would allow the group to align its offerings “more directly” with the needs of its clients.