How to ride the economic wave
July 12, 2019 | 8:07 am CDT
You say see-saw, I say teeter-totter, either way, it represents today’s economy and the nation’s opinions.
 
One company feels our tariffs on Chinese goods is a great move, another company feels the backlash of higher prices, but most consumers vacillate between the two opinions.
 
We rely so heavily on Chinese goods for almost everything that putting tariffs on them does affect everyone, whether you are buying an imported product or not.
 
The fact is that somewhere in the seller’s food chain is an imported product that is more expensive than it was six months ago. There are many vendors that are supplying goods to the closet and home organization industry that import most if not all of their products.
 
Are you seeing prices rising? Can you pass those added costs on to your customers? Drop me a note and let me know.
 
The stock market is another example of a teeter-totter, right? Up and down it goes, every little move that happens in the world sends the markets skyrocketing or plummeting. It’s the nature of our reality, constant change and fluctuations in opinion.
 
All the more reason to remember what goes up will come down and vice versa. Manufacturers and remodelers are busier than ever but there’s a blanket on optimism. The rate of change and perceived instability has business leaders nervous.
 
The fact is you need to find your niche, do what you do best and keep true to your plan. When you do that, you find the teeter-totter moves in rhythm with you and not outside influences.
 
Closets & Organized Storage will continue to research the marketplace and deliver information to help you make informed choices in your business.
 

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About the author
Laurel Didier

Laurel Didier has been working in b2b media and the woodworking industry for most of her career.  She has launched startup publications and events such as Closets & Organized Storage , Custom Woodworking Business and the Cabinets & Closets Conference & Expo. In the past, her roles included serving as associate publisher, director of custom media and publisher of Woodworking Network at Vance Publishing. When CCI Media purchased Woodworking Network in 2015, Didier assumed her role as publisher of Closets & Organized Storage as well as Director of Custom Media. Didier says, "Success is part luck, hard work, and the patience to listen to others."