For the last 20 years, the president of Home Porch & Patio Kits has worked on shipping our product lines throughout the contiguous USA. It was an evolution of incorporating change in how we do things that led to the ability to do just that. Those changes can often be imposed upon us by circumstances beyond our immediate control. We have always understood that a company that changes best over time knows first and foremost what should not change. We devote ourselves to doing what is good because we believe that this is what is excellent and profitable for everyone. We think these things (check out our All About Us page) should not change.
As we welcomed the warmer weather, the ongoing “new normal” impacts of COVID are still evident. Still, inflation, higher interest rates, and the Russia/Ukraine war have overshadowed top headlines across the USA.
The impact of the war over the past six months has added to inflationary pressures, primarily on food and energy prices, and disrupted supply chains, further increasing the effects it has had on us, the consumer. To combat these rising prices and increasing inflation, Central Banks worldwide will likely become more aggressive with interest rate hikes attempting to control rising costs over the next year and possibly beyond. As a result, the US economy is shrinking with the midterm hopes of lowering inflation. These post-COVID times (if we can call it that) are far more complex than any modern economist has ever had to handle. Whether their methods are effective or not, what is sure is that these rate increases will affect the future profitability of growth companies. Amidst a new surge of protectionism around the globe, China will also continue to impact our economy amidst new waves of lockdowns and a significant slowdown in its own economy.
With so much uncertainty, there is no new normal on the immediate horizon.
The main impact for Home Porch & Patio Kits has been a necessary change in our delivery areas. As we stated at the beginning of this post, for 20 years, we have shipped throughout the contiguous US. Now, with the realities of our economy, the supply chain issues, and the state of the logistics industry, we have had to limit our delivery areas.
For our Hard Top Screen Enclosures, Porch Screening Materials, and all lines of Patio Covers…
For our Modular Sunroom and Insulated Wall Systems…
Though we see these changes carrying on well into 2024, there are a few positives to end with:
- Covid will end.
- There is (technically) full employment in the US. Historically recessions do not start with full employment.
- Inflation will abate.
- Home Porch & Patio Kits remains committed to the highest quality of product at a fair price, and don’t forget our commitment to customer service… always second to none!
In closing, we’d like to share a quote from the business management author Jim Collins:
“History is the “study of surprises.” There will be no “new normal,” there will only be a continuous series of “not normal” episodes, defying predictions and unforeseen by most of us until they happen. – We will adjust to the new normal!”
As always, please feel free to reach out to Home Porch & Patio Kits if you have any questions.