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Supply Delays Continue as Prices Continue to Rise

Kris Wassell • March 11, 2022

As global supply issues continue, gas and product prices continue to increase

2022 has been a busy year with many factors that continue to influence the promo industry as well as all businesses. Gas has hit all-time high records in many countries as sanctions have reduced the supply causing price increases. This has had a large impact on businesses who have had to raise their prices to counteract the gas price hikes. This alone has created a large impact on many businesses. On top of this, many businesses have reopened and are able to operate at full capacity. As nice as shorter lines and wait times are, we are now starting to wait on products and supply to catch up to the increase in demand from businesses and consumers.

If you have been to a store lately, you may have noticed that many shelves are empty, prices are higher than ever, and many businesses do not know what will be available or when their products will actually be restocked. As many businesses have an idea of restock dates, they are still unsure if they will be able to rely on these estimated shipping dates. Couriers have had a massive increase in business and many have been delayed by the increase of online ordering and demand in shipping. These factors have also affected TSG as shipments are delayed, ships are still delayed in ports, and manufacturers are selling out of their products faster than they can produce them.

There is an upside to these supply issues as it means the global economy is recovering and as banks have increased interest rates, inflation rates are expected to stabilize. With everything that has happened and continues to happen, TSG wants to remind everyone not to wait to order if you need products as we try to limit our price increases, we are also under the effects of the global supply chain and work with other businesses and couriers who have also raised their pricing to keep up with inflation and demand. TSG also faces supply challenges which makes our inventory hard to keep stocked and some products have been delayed for a couple of months. If you are interested in supplying your staff with uniforms, or giving your valued customers gifts, now is the time to reach out to TSG and we will help you as best as we are able to.

Contact: inquiry@tsgbrandedsolutions.com or call toll-free: 1-866-828-2874

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!
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