According to the Advertising Specialty Institute (ASI), approximately 90% of imported promotional products originate from China. This significant reliance, while long-standing, became particularly sensitive following the imposition of substantial tariffs on goods imported from China.
The potential impact of increased tariffs has prompted many companies in the promotional products industry to aggressively explore alternative sourcing options. For instance, a poll conducted at the 2022 PPAI Product Responsibility Summit revealed a significant sentiment within the promotional products industry: 83% of compliance professionals in attendance stated they were actively seeking to move their sourcing away from China. This striking figure underscores the palpable impact of the trade war and associated tariffs on industry sourcing strategies.
Efforts to diversify sourcing have led companies to consider countries like India, Bangladesh, Vietnam, and Mexico, aiming to reduce dependence on Chinese manufacturing. This strategic shift involves carefully evaluating the unique strengths and challenges presented by each potential alternative.
At BAMKO, we believe in proactive planning. We’ve been diversifying our supply chain since 2018 – moving 80% of our sourcing outside of China. This forward-thinking approach has positioned us well to navigate the recent economic shifts. With the 90-day tariff pause in place, this is the moment to get ahead. Lock in Q2, Q3, even Q4 orders now to protect your budget—and preserve the quality and consistency your brand is built to maintain.
Learn more about how BAMKO is responding to the shifting tariff landscape in our blog: Global Tariffs: Immediate Impact and BAMKO’s Response.
