A rise in Covid-19 cases has prompted shutdowns to occur in a major manufacturing hub in China. This has caused concern among promotional product suppliers in North America as this could cause a further in delay in production and delivery throughout Canada & US. A majority of promotional products are produced in China and inventory has continued to face product shortages and supply delays.
China has authorized a week-long shutdown in Shenzhen, a powerhouse in manufacturing various hard good products, from USBs to speakers and other tech products. As the inventory for these products has been unreliable before the shut down, it is expected that the shutdown in China will cause further backups and delays in shipping and production of these and other hard goods products.
As China accounts for roughly 29% global manufacturing, it could take up to several months for product supply and delivery to return to regular levels. It is expected that this will continue to cause an increase in pricing on these products and other factors at play, there is no predicting how much these prices may rise and what demand will look like in the future for these products. The best course of action should be to order what you need while you can get it as TSG does not know how long that current supplies will last, and how long that it will take to restock these products that are in high demand.
Reach out to inquiry@tsgbrandedsolutions.com or call toll-free: 1-866-828-2874 to find out what TSG currently has for products and what we can offer you.
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