2021 is sending on a high note for many suppliers and distributors as Q4 has ended with higher sales than the previous year. Many suppliers and distributors have seen these record-breaking numbers and are looking to keep an upward trend going for 2022.
This optimism for the new year is more than just a hope as businesses are starting to return to normal. More hiring has been taking place and unemployment rates are expected to continue to decline. This is great news for businesses everywhere as industries are seeing an increase in disposable income and personal spending which will continue to help companies grow and drive sales even higher.
Even with many businesses operating their staff on a working from home basis, business has still been booming. This has created a surge in demand for working from home kits, which include cooler and drinkware giftsets and other home engagement bundles. These products are expected to be a trend up to 2023 and many businesses expect that a return to the office will not be fully in place until then. As working from home has also cut many business costs such as travelling for meetings, booking hotels and other incurred expenses. This has helped increase budgets which have been used to reward employees and increase promotion that companies would normally have spent in other ways.
Many businesses are thanking their employees for their commitment to keeping their companies running and increasing success. With this increased success, many businesses have been rewarding their employees with gifts and other incentives to keep morale high and ensure that their employees keep working with high motivation and good mental health. The continued efforts of these employees have been the driving force in many successes seen in top promotional suppliers such as Gildan which as seen an increase in sales by 28%.
If these trends continue the industry is optimistic that 2022 will be another record-breaking year for sales and business growth for the promotions industry. If you are interested in thanking your staff with promotion gifts or want a unique way to show your appreciation, reach out to inquiry@tsgbrandedsolutions.com or call:1-866-828-2874 Ext: 101 and TSG will help you with your businesses promotional needs.
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