At Print Resources, we do our best to ensure that our customers get great products and excellent service at fair prices. We wanted to make sure you are aware of some upcoming changes in the promotional product landscape that may affect your business in the coming year.
You may be aware of ongoing international trade disputes and the implementation of tariffs on products manufactured in China. You may not know that many of the most popular promotional products and giveaways – particularly low-budget, high-volume type items like pens, stress balls, keychains, bags, drinkware, technology, and other accessories – are primarily manufactured in China.
Print Resources has long-standing partnerships with some of the best suppliers in the promotional product industry. Over the years, our suppliers have provided high-quality products at fair prices that gave both our clients and us the flexibility to create impactful marketing pieces that helped to grow our businesses.
However, the increased costs associated with tariffs comes at a time when manufacturers throughout all US industries are challenged with increases in labor, material, environmental, and transportation costs.
There are many aspects of the current political and economic landscape that are out of our control. However, we are committed to ensuring that our clients are well prepared for any upcoming changes.
Here’s what you can expect from us:
- Estimates created in 2018 will expire on 12/31/2018. Most price increases are expected to increase in 2019, so now is a great time to use up your 2018 budget to stock up on promo staples for 2019 or get ahead of any increases for products you order on a consistent basis.
- We will double check all pricing before providing an estimate. If a price for a product has increased, we will let you know as soon as possible so you can make a decision on how you’d like to proceed.
- We will provide realistic production timeline estimates. It is likely that any direct purchases from China will be delayed as Customs adjusts to the new systems. This could hold up product both for our suppliers and us. If your turn-time is tight, it may be best to find an alternative product.
- We are here to help. We will be happy to find alternatives or come up with creative ways for you to get more out of your promo spend. We’ve seen a lot over the years, and we love a good brainstorm. Don’t hesitate to ask us!
While tariffs and related price increases may create some initial challenges for the promotional product industry, we are committed to moving forward fairly and transparently.
If you have questions about price increases or how the tariffs may affect your 2019 marketing budget, please do not hesitate to reach out to your sales representative, or contact us. And thank you for your continued support of Print Resources.