Everyday products that are now facing shortages include cotton, fuel, micro chips, lumber and even ketchup. Ever since the pandemic, many products have been disappearing from store shelves. Everyday products that are now facing shortages include chlorine, gasoline, lumber and even ketchup. These shortages are happening for various reasons, including disruptions from the pandemic and companies limiting their inventories.
With obvious supply chain challenges going on, it’s important for your business to be proactive, especially before the holiday season starts. The pandemic isn’t over yet, so it’s still uncertain on what the economy will look like over the next few months.
What are the Common Supply Chain Issues Right Now?
Supply chain issues have triggered rising prices, inventory shortages and longer production times for businesses and consumers. It’s certainly not ideal, but most people are just happy to return to a sense of normalcy. However, it’s important to realize that supply chain issues are likely to persist for many months.
While the holiday season can feel like light years away, it’s never too early to start thinking about Q4, especially with shortages at every twist and turn. If you don’t plan early, you could find yourself without the necessary products and resources to support your holiday marketing efforts.
Here are some of the main supply chain issues our world may face in Q4:
- Staffing shortages
- Shipping and fulfillment issues
- Rising costs for raw materials
- Higher costs for labor
- Unfavorable exchange rates
All of these hurdles lead to insufficient inventory, higher product prices and longer delivery times. Bottom line: The time to start thinking about Q4 is now.
Order Your Promotional Products Today
The promotional product industry is feeling the effects of the global shortages just as other industries are. We’re facing importing challenges, rising shipping costs overseas, raw materials shortages and more. This is why we’re encouraging our clients to start their preparations early.
Promotional products are an important part of the holiday season, and they likely are for your business, too. To make sure that your business has everything it needs to be successful, we recommend ordering your branded merchandise soon. This way, it will arrive on time for Q4 and allow you to make the most of the holiday season.
To speak with a representative from Inkwell, contact us today. We look forward to helping you pick out the perfect promotional items for your Q4 campaigns and setting you up for success, despite the ongoing global shortages.Supply Chain Issues in Q4 for Promotional Products