Supply Chain Shortages and Inventory ShortfallsBy: Mary Kate Cavanaugh Posted: October 4, 2021
Have you recently ventured into your local box store only to find minimal inventory? Not too long ago, I moved into a new apartment and was excited to furnish it. Unfortunately, most of the items normally available that someone would typically buy for a new home were not easy to come by. After spending much of the day visiting multiple stores I ended up compromising and not truly finding exactly what I was looking for. Not to mention, the pricing for the products I did find was certainly higher than normal. These inventory shortages are affecting all of us. It’s clear that everyone has felt an impact from the COVID-19 pandemic. Some more than others. Now that societal restrictions have been lifted, all industries globally are being forced to adapt. Issues include inventory shortfalls, increased pricing, order fulfillment delays, and a lack of staffing across the board. Once COVID restrictions were lifted and companies reopened, demand for resources skyrocketed. These demands have been overwhelming for suppliers and manufacturers. Cargo ships and air crafts are also facing their own challenges having limited capacities. Promotional branded items such as stainless steel, aluminum, cotton, and plastic products are experiencing extended production times and increased pricing.
In order to avoid the negative effects of these supply chain issues we face, we urge you to ACT NOW! As the holiday season quickly approaches we strongly encourage you to plan ahead and place your orders as soon as possible! In the end, you’ll be thankful you did. Please contact Brandit today so that we may provide you the best solutions for your holiday giving and appreciation gifts.
Don’t miss out on the opportunity to recognize your employees and customers! Brandit’s team is ready to help you plan ahead and ensure that you meet your deadlines.
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