short version : prices on ALL of our models will be going up at the end of this month. Any orders placed along with a deposit before 1st March will be secured at the current price. In other words, if you’re on the fence, get your order in!
Long version : we were hit with price rises at the start of last year that had a knock on effect, meaning we had to increase our prices at the end of 2016. We managed to keep this to a couple of the affected models and the rises weren’t too big.
Since about the end of last summer we’ve seen ridiculous price increases on virtually everything we buy, labour costs and transport costs. Most of what we buy, we purchase in either US dollars or Euros, the graphs above illustrate the direction currency is heading for us, especially in the past year or so (Brexit anyone?). So even if the published costs of the goods from our suppliers hasn’t gone up, the actual cost to us has. Very little of what we buy is in Sterling and since most of our customers are here in the UK and pay in Sterling, that leaves us very exposed to currency fluctuations.
There are ways to mitigate against this. The most obvious one is to allow our overseas customers to pay in Euros or Dollars and we use that cash to pay our Euro or Dollar bills, thereby avoiding any exchange rate issues. On the surface, this works. However, because of the cheap pound, our products are actually very attractive to overseas customers once they factor in the exchange rate (our weak pound helps them). If we were to allow them to pay in USD or Euros, we’d lose a lot of customers (approx 30% of our sales go overseas) as our products would then start to look comparitively expensive.
Aside from currency issues, we’re seeing general costs increasing on top of this. Labour costs in Asia (a substantial amount of components are coming to us from Taiwan) are increasing year on year. Transport costs (shipping parts around the world) are getting more and more expensive everyday, this has a big effect on us.
And of course the goods that we buy here in the UK are often either imported from overseas or are manufactured from raw materials from overseas, so even though we’re buying those in GBP, those prices have gone up too.
Putting prices up is never a good thing but we need to be realistic and we need to make sure we can run a profitable company to enable us to continuing employing people and investing back into the company. The business needs to be sustainable so we can continue to make great products here in the UK. Thanks for supporting us.
Promoting Sustrans and route NCN78, Lee Craigie of the Adventure Syndicate took Jimmy the Shand (a MTB prototype she’s been testing for us) along the Caledonia Way in a short film that shares her thoughts about cycling.
The Caledonia Way is a long distance cycle route, linking Campbeltown on the west coast, with the Highland capital of Inverness in the east. A stunning route we think you’ll agree.
16-19 February 2017
Next week we’ll be heading to the Excel in London for the London Bike Show and you’ll find us on stand number LB1400.
We also have 10 complimentary tickets to give away, so if you’re planning on coming to see us, send an email to email@example.com with the following details before the end of Thursday 9 February to claim a free ticket:
First come, first served – oh and only one ticket per request!
Show website: www.thelondonbikeshow.co.uk
If you can’t make it to the workshop to view our bikes, then why not visit us at one of the shows we’re attending this year. Dates and venues are listed below.
Do contact us beforehand to say you’ll come by the stand. It’s always good to have the heads-up so we can make time to chat in case things get busy!
The London Bike Show (Stand LB1800)
Date: 16-19 February 2017
Venue: Excel London
Bespoked – The UK Handmade Bicycle Show (Stand number TBC)
Date: 7-9 April 2017
Venue: Brunel’s Old Station, Bristol
The Adventure Cycling Festival
Date: 2-5 June 2017
Venue: Brathay Hall, Ambleside
Here at Shand Cycles we’re extremely busy and are looking to expand the team. We do pretty much everything here in house from sales to fabrication to paint to final assembly, so can be flexible about the actual responsibilities the successful applicant will undertake.
We’re after someone to work full-time, with a view to a longer term commitment at Shand. We’re a growing company and we’d like to grow with our staff.
Our main focus will be on recruiting someone who will be able to help us within the manufacturing process (fabrication/welding/brazing/machining/painting/finishing) although consideration will be given to applicants who believe they have something else to offer.
Please send a short application along with a current CV by email to : firstname.lastname@example.org