{"id":22476,"date":"2025-02-18T13:43:16","date_gmt":"2025-02-18T13:43:16","guid":{"rendered":"https:\/\/ewnews.co.uk\/?p=22476"},"modified":"2025-02-18T13:43:31","modified_gmt":"2025-02-18T13:43:31","slug":"wholesalers-reveal-strategies-to-tackle-rising-costs-in-edas-q1-2025-survey","status":"publish","type":"post","link":"https:\/\/ewnews.co.uk\/index.php\/wholesalers-reveal-strategies-to-tackle-rising-costs-in-edas-q1-2025-survey\/","title":{"rendered":"Wholesalers reveal strategies to tackle rising costs in EDA\u2019s Q1 2025 survey"},"content":{"rendered":"<p>The results of the first State of the Sector survey for 2025 from Electrical Distributors\u2019 Association (EDA) reveal a supply chain battling with rising businesses costs in every direction: wages, energy, rental costs for business premises, insurance premiums, as well as increases in the price of products supplied by manufacturers.<\/p>\n<p>Over 41% of Wholesalers and 35% of Manufacturers reported a rent increase for their premises. Businesses were also seeing significant increases in the cost of business insurance premiums across car\/fleet, healthcare, buildings, contents and trade credit, with some businesses seeing a rise in car\/fleet insurance premiums in excess of 25%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-22477 size-large\" src=\"https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-1024x735.jpg\" alt=\"\" width=\"1024\" height=\"735\" srcset=\"https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-1024x735.jpg 1024w, https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-300x215.jpg 300w, https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-150x108.jpg 150w, https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-768x551.jpg 768w, https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-1536x1103.jpg 1536w, https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-2048x1470.jpg 2048w, https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-1080x775.jpg 1080w, https:\/\/ewnews.co.uk\/wp-content\/uploads\/Wholesalers_-plans-to-reduce-the-impact-of-costs-increases-Q1-2025-500x359.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>From increasing prices, through to reducing opening hours, EDA Wholesalers are faced with some difficult choices, as these results show:<\/p>\n<p>In Q1 2025, EDA Wholesalers revealed their top three operational headaches as:<\/p>\n<ul>\n<li>Inflation in business overheads and passing these on to customers<\/li>\n<li>Online prices making margins tight<\/li>\n<li>Upward pressure on all wages driven by the increases in the National Living Wage and National Minimum Wage on the overall wage bill<\/li>\n<\/ul>\n<p>With the green technologies opportunity always high on the EDA agenda, the sector\u2019s opportunity in heat pumps was also explored. Around 9% of Wholesaler respondents confirmed that they had entered this market during 2024, with a further 22% of respondents planning to follow suit during 2025. Encouragingly, 59% of respondents already trading in this market reported a small increase in demand during Q4 2024, with a further 24% reporting a moderate to significant increase in demand during the same period. One wholesaler commented that there is currently a \u201chuge push in the Northwest to install heat pumps.\u201d<\/p>\n<p>Q1\u2019s survey also explored the recent changes to Inheritance Tax: 29% of wholesaler and 17% of manufacturer respondents revealed that they are likely to be adversely affected. Their comments reveal their strength of feeling on this topic:<\/p>\n<p>\u201cThis is the most significant long term negative impact on privately owned businesses that we face. The true impact will only be felt in 20 to 30 years\u2019 time.\u201d<\/p>\n<p>\u201cFarmers have got all the publicity, but this affects all medium sized family-owned businesses, which is a strange group to go after as they are credited with the longer-term view that allows business to grow sustainably.\u201d<\/p>\n<p>To help EDA businesses understand their Inheritance Tax options, the EDA is planning information sessions.<\/p>\n<p>Every quarter since 2020 the EDA has invited its Wholesaler and Manufacturer Members to have their say on supply chain challenges and opportunities. The results provide important insight into the state of the UK\u2019s electrotechnical supply chain and gives businesses the chance to benchmark their experiences against others in the sector. Forming part of the Association\u2019s Industry Insight pillar, the results are analysed and presented at \u2018Talking Shop\u2019 online meetings: February\u2019s \u2018Talking Shop\u2019 attracted over 125 attendees from EDA businesses with one adding \u201cFantastic overview with detailed insight and market appraisal.\u201d<\/p>\n<p>Over 78% of respondents that attended the Q1 2025 Talking Shop gave it 5 out of 5 stars. The full results of the EDA\u2019s State of the Sector surveys are available at www.eda.org.uk in the Support and Resources menu. Registration for the next Talking Shop, which is on Friday 9 May 2025, is open at www.eda.org.uk in the Events section.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results of the first State of the Sector survey for 2025 from Electrical Distributors\u2019 Association (EDA) reveal a supply chain battling with rising businesses costs in every direction: wages, energy, rental costs for business premises, insurance premiums, as well as increases in the price of products supplied by manufacturers. Over 41% of Wholesalers and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":22478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-22476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","et-has-post-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"https:\/\/ewnews.co.uk\/wp-content\/uploads\/Screenshot-2025-02-18-134233.png","_links":{"self":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/22476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=22476"}],"version-history":[{"count":2,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/22476\/revisions"}],"predecessor-version":[{"id":22480,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/22476\/revisions\/22480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/media\/22478"}],"wp:attachment":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=22476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=22476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=22476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}