Rising inflation, who Pays?

With inflation hitting a 30-year high, all areas of the events industry and feeling the pinch like never before. With the lead time of events up to two years and inflation rising monthly, we ask – once contracted, who should pay the increased cost?

In an unstable climate lead by Covid-19, Brexit, and the war in Ukraine, its near impossible to predict the availability and price of products, staff and tech. Quoting has become increasingly challenging when the prices fluctuate on a daily basis, and the availability of resources cannot be guaranteed. With rescheduled bookings filling up suppliers’ diaries, often on 2019 rates, is it fair to increase costs on contracted items envoking rarely used clauses to pass these costs on, or should suppliers be honouring rates?

Join Event Huddle and our panel of experts on Tuesday 26th April to join the debate.