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Omicron's Effect on Business

Kris Wassell • January 4, 2022

As the Omicron variant of Covid-19 has spread faster than any variant, many supply chains and distributors have felt the effect. Although experts are predicting that sales will continue to grow and not be impacted by this variant, tighter restrictions and shutdowns are occurring. Many businesses have not seen their sales impacted but there is a strong prediction that supply and acquiring products will remain to be an issue. 

As these issues continue to grow without allowing production to resume back to pre-pandemic levels, it is expected that inventory will be difficult to acquire, and the prices of these products will rise again. There is as mix of conflicting ideas as to how consumers purchasing habits will be affected by these new restrictions. The future of supply and how pricing is going to be set is going to be determined on how consumers will behave with these new restrictions. If there is another rise in demand and higher spending, inflation will occur and prices of production, shipping and supply grow higher. If consumers slow in their spending habit the opposite will occur, helping alleviate the backlogs at ports and production facilities will be able to restock to comfortable levels again, causing prices the level out in the long run. Either of these events will create a different type of problem for suppliers and distributors whether it causes a loss of profits and slower sales, or if the current supply issues persist or worsen. 

These factors put distributors in a tough position, as they are unable to take precautionary steps to secure inventory or accurately predict upcoming emerging trends in the market. The best way to solve these issues are having consumers reach out with their upcoming or predicted products that they will need to keep their personal lives and businesses running. With all these issues, the one that is hardest to manage is trying to keep pricing at a reasonable price is also becoming a difficult challenge. With all these factors, there is one thing that the industry does know, and that is how to keep consumers interested with a large choice of products and how to persist through these difficult times to get customers the products that they so desperately need, even if it takes a little longer with all these obstacles in place.

By Kris Wassell May 11, 2023
Benefits of Promotional Products Promotional products are a top marketing resource which offers a variety of benefits for your company. Whether your marketing goal is creating new business opportunities, showing appreciation to current customers, or spreading brand awareness, in today’s digital world, physical marketing materials are a great way to stand out in a crowd and a great reminder that your business is willing to make a personal connection. Promotional products will also offer your potential clients and customers a tangible keepsake to remind them of your brand. When purchasing or choosing your promotional products, it is important to remember that the quality of your promotional products speak to the quality of the products or services your company offers. What are Promotional Products? Promotional products are items branded with your logo, tagline, or slogan to promote and represent your brand, company, and services. Your promotional items can be distributed at trade shows, special events, when potential customers subscribe to your newsletter, at grand openings or holiday parties, during conferences or straight into mailboxes. These products are a great way to be seen multiple times a day by multiple people. Make it easy for your potential clients to contact you by adding your phone number, email, or website information on your promotional products. Why Do You Need Promo Products? Promotional marketing maintains brand consistency, while also helping your company stand out in the industry. Here are some of the benefits for your business. Spreading Brand Awareness Branded promo items have the potential to be seen by hundreds of people. Whether you hand them out to an individual or a team, your brand name and slogan will be noticed far and wide. Promo products can reach hundreds of potential customers and studies have shown that they are kept for up to a year or longer. With thousands of products available, you can also choose products that are unique and help your company really stand out with customers. Forming New Customer Relationships Consumers are more likely to have a favourable impression of a brand that gives them a promotional product. Once you establish that initial connection, those same people are more likely to remember your business and feel inclined to work with you. It helps establish a relationships, builds trust, and gives the opportunity to start a conversation with prospective customers. Continuous Advertising Offering promotional products such as pens, notepads, mugs, or other items that are used on a daily basis, meaning that your company name or logo will be seen often. This paves the way for continuous advertising, which you only had to pay for one time. Want to learn more about how TSG Branded Solutions can help you with promotional marketing that aligns with your business strategy and branding, contact us today to start the conversation!
Promotional product facts
By Kris Wassell July 29, 2022
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