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
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Head Office: 740 Huronia Road, Unit 12
Barrie, Ontario L4N 6C6
Inquiry@tsgbrandedsolutions.com
Fax: 905-326-6303
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