What is important to those purchasing promotional products this year? Here are the priorities that are trending in promotional products in 2020:
The big, scary word these past two weeks is tariffs, and while it sounds nasty, it's really not if you start planning for it. If you have not paid attention to the news lately, trade talks with China have gone south, and now there is currently a 25% tariff on certain goods, and another 25% possible to take hold over the summer that will affect almost all products. This means that most items you find in stores, like electronics, tools, clothing, and more, are going to go up in price this summer - just the cold hard facts. The jump is too big for a business to "eat" until the next standard price increase.
ASI (Advertising Speciality Institute) recently put out this article showing promotional product sales growth as 3.4% in the first quarter.