{"id":2680,"date":"2023-08-21T12:27:41","date_gmt":"2023-08-21T16:27:41","guid":{"rendered":"https:\/\/asi2.wpenginepowered.com\/uncategorized\/08-2023\/asis-latest-intel-revitalized-promo-industry-is-roaring-back-4\/"},"modified":"2025-06-25T15:28:09","modified_gmt":"2025-06-25T19:28:09","slug":"asis-latest-intel-revitalized-promo-industry-is-roaring-back","status":"publish","type":"post","link":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/","title":{"rendered":"ASI&#8217;s Latest Intel: Revitalized Promo Industry Is Roaring Back"},"content":{"rendered":"<p><em>Definitive research report reveals industry recovery and growth<\/em><\/p>\n<p><!-- Section --><\/p>\n<p><a href=\"https:\/\/www.asicentral.com\/news\/web-exclusive\/august-2023\/state-of-the-industry-2023\/\"><img decoding=\"async\" class=\"responsive\" src=\"https:\/\/cdn.asicentral.com\/MKTGemails\/MediaRelease\/556-15401-M\/assets\/img\/header_photo.jpg\" alt=\"2023 State of the Industry\" width=\"600\" border=\"0\" \/><\/a><\/p>\n<p><!-- #section end --><\/p>\n<p><!-- Section --><\/p>\n<p><em><strong>\u201cIt\u2019s official: After a few hard-fought years, the promo industry is well on its way to becoming even bigger and better than ever\u201d \u2013 ASI CEO Tim Andrews<\/strong><\/em><\/p>\n<p><!-- #section end --><\/p>\n<p><!-- Section --><\/p>\n<p><!-- #section end --><\/p>\n<p><!-- Section --><\/p>\n<p>The most authoritative and comprehensive research report in the promotional products industry, the Counselor State of the Industry, published by the Advertising Specialty Institute<sup>\u00ae<\/sup> shows average order values, distributor margins, client retention and number of error-free orders are fully recovered to pre-pandemic levels. Notably, total 2022 promo revenue matched 2019\u2019s figure of $25.8 billion.<\/p>\n<p>\u201cIt\u2019s official: After a few hard-fought years, the promo industry is well on its way to becoming even bigger and better than ever\u201d said Timothy M. Andrews, president and chief executive officer of ASI, the leading technology, marketing and information provider in the promo products industry. \u201cAnd ASI\u2019s State of the Industry (SOI) report is promo\u2019s most essential toolkit for success.\u201d<\/p>\n<p>ASI Media\u2019s award-winning research report \u2013 packed with in-demand findings \u2013 provides exclusive statistics covering nine pivotal business topics, including products, pricing, sales, markets and international sourcing trends. ASI collected data for its annual report through extensive surveys of ASI members across North America.<\/p>\n<p>\u201cWhile challenges persist, this year\u2019s report equips readers with a wealth of insights and strategies to finish the year strong and reach greater heights in 2024 and beyond,\u201d said ASI Editor-in-Chief C.J. Mittica. \u201cFrom valuable efficiency tips to techniques for juicing order values, we\u2019ve got it all covered, to guide distributors and suppliers through a resounding recovery to enduring success.\u201d<\/p>\n<p>Here are highlights from the 2023 Counselor State of the Industry:<\/p>\n<ul>\n<li><strong>Show Me the Money. <\/strong>Distributors\u2019 average gross profit margin continues to improve after a sharp decline in 2020, reaching 36% in 2022 \u2013 the highest mark since 2019.<\/li>\n<li><strong>Take a Hike. <\/strong>While 58% of suppliers increased sales, costs and eroding margins are forcing suppliers to hold or hike pricing.<\/li>\n<li><strong>Stronger Relationships.<\/strong> Three-quarters of both suppliers and distributors report that communication with their counterparts on the other side of the supply chain is strong.<\/li>\n<li><strong>New Industry Stars. <\/strong>T-shirts\u2019 share of the promo marketplace soared to its highest number ever, while drinkware\u2019s market share has increased 94% since 2008.<\/li>\n<li><strong>Valuing Sustainability. <\/strong>Over half of surveyed distributors seek eco-friendly products, with sustainability a defining trend in promo.<\/li>\n<\/ul>\n<p>\u201cTo me, as our ongoing research clearly shows, the growth in the influence and prevalence of apparel over the last 10 years has been staggering,\u201d said Nate Kucsma, report author and ASI\u2019s senior executive director of research. \u201cPromo isn\u2019t just following trends; in many cases, it\u2019s spearheading them.\u201d<\/p>\n<p>Michele Bell is vice president of ASI editorial, education and special events. The SOI was reported on by ASI Media editors Sara Lavenduski, Christopher Ruvo and Theresa Hegel, with graphics by Digital Art Director Hillary Glen and design by Senior UI Designer Kathleen Fitzgerald.<\/p>\n<p><!-- #footer end --><\/p>\n<p><!-- #wrapper end --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Definitive research report reveals industry recovery and growth \u201cIt\u2019s official: After a few hard-fought years, the promo industry is well&#8230;<\/p>\n","protected":false},"author":10,"featured_media":1482,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ASI&#039;s Latest Intel: Revitalized Promo Industry Is Roaring Back &#8226; ASI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASI&#039;s Latest Intel: Revitalized Promo Industry Is Roaring Back\" \/>\n<meta property=\"og:description\" content=\"Definitive research report reveals industry recovery and growth \u201cIt\u2019s official: After a few hard-fought years, the promo industry is well...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/\" \/>\n<meta property=\"og:site_name\" content=\"ASI\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/adspecialtyinstitute\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T16:27:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-25T19:28:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/10\/asi-logo-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1218\" \/>\n\t<meta property=\"og:image:height\" content=\"663\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jim Hollis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@asicentral\" \/>\n<meta name=\"twitter:site\" content=\"@asicentral\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jim Hollis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/\"},\"author\":{\"name\":\"Jim Hollis\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/#\\\/schema\\\/person\\\/d970b883ca6c4ee22d88412b72ca6281\"},\"headline\":\"ASI&#8217;s Latest Intel: Revitalized Promo Industry Is Roaring Back\",\"datePublished\":\"2023-08-21T16:27:41+00:00\",\"dateModified\":\"2025-06-25T19:28:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/\"},\"wordCount\":478,\"publisher\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/asicentral.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/asi-logo-1.jpg\",\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/\",\"url\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/\",\"name\":\"ASI's Latest Intel: Revitalized Promo Industry Is Roaring Back &#8226; ASI\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/asicentral.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/asi-logo-1.jpg\",\"datePublished\":\"2023-08-21T16:27:41+00:00\",\"dateModified\":\"2025-06-25T19:28:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/#primaryimage\",\"url\":\"https:\\\/\\\/asicentral.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/asi-logo-1.jpg\",\"contentUrl\":\"https:\\\/\\\/asicentral.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/asi-logo-1.jpg\",\"width\":1218,\"height\":663,\"caption\":\"ASI logo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/press-releases\\\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/asicentral.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASI&#8217;s Latest Intel: Revitalized Promo Industry Is Roaring Back\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/#website\",\"url\":\"https:\\\/\\\/asicentral.com\\\/\",\"name\":\"ASI\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/asicentral.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/#organization\",\"name\":\"ASI\",\"url\":\"https:\\\/\\\/asicentral.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/asicentral.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/asi-logo.svg\",\"contentUrl\":\"https:\\\/\\\/asicentral.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/asi-logo.svg\",\"width\":1,\"height\":1,\"caption\":\"ASI\"},\"image\":{\"@id\":\"https:\\\/\\\/asicentral.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/adspecialtyinstitute\",\"https:\\\/\\\/x.com\\\/asicentral\",\"http:\\\/\\\/www.youtube.com\\\/user\\\/asicentral\",\"http:\\\/\\\/www.linkedin.com\\\/company\\\/asi\",\"http:\\\/\\\/www.instagram.com\\\/asicentral\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/asicentral.com\\\/#\\\/schema\\\/person\\\/d970b883ca6c4ee22d88412b72ca6281\",\"name\":\"Jim Hollis\",\"url\":\"https:\\\/\\\/asicentral.com\\\/author\\\/jhollisasicentral-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ASI's Latest Intel: Revitalized Promo Industry Is Roaring Back &#8226; ASI","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/","og_locale":"en_US","og_type":"article","og_title":"ASI's Latest Intel: Revitalized Promo Industry Is Roaring Back","og_description":"Definitive research report reveals industry recovery and growth \u201cIt\u2019s official: After a few hard-fought years, the promo industry is well...","og_url":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/","og_site_name":"ASI","article_publisher":"https:\/\/www.facebook.com\/adspecialtyinstitute","article_published_time":"2023-08-21T16:27:41+00:00","article_modified_time":"2025-06-25T19:28:09+00:00","og_image":[{"width":1218,"height":663,"url":"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/10\/asi-logo-1.jpg","type":"image\/jpeg"}],"author":"Jim Hollis","twitter_card":"summary_large_image","twitter_creator":"@asicentral","twitter_site":"@asicentral","twitter_misc":{"Written by":"Jim Hollis","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/#article","isPartOf":{"@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/"},"author":{"name":"Jim Hollis","@id":"https:\/\/asicentral.com\/#\/schema\/person\/d970b883ca6c4ee22d88412b72ca6281"},"headline":"ASI&#8217;s Latest Intel: Revitalized Promo Industry Is Roaring Back","datePublished":"2023-08-21T16:27:41+00:00","dateModified":"2025-06-25T19:28:09+00:00","mainEntityOfPage":{"@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/"},"wordCount":478,"publisher":{"@id":"https:\/\/asicentral.com\/#organization"},"image":{"@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/#primaryimage"},"thumbnailUrl":"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/10\/asi-logo-1.jpg","articleSection":["Press Releases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/","url":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/","name":"ASI's Latest Intel: Revitalized Promo Industry Is Roaring Back &#8226; ASI","isPartOf":{"@id":"https:\/\/asicentral.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/#primaryimage"},"image":{"@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/#primaryimage"},"thumbnailUrl":"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/10\/asi-logo-1.jpg","datePublished":"2023-08-21T16:27:41+00:00","dateModified":"2025-06-25T19:28:09+00:00","breadcrumb":{"@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/#primaryimage","url":"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/10\/asi-logo-1.jpg","contentUrl":"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/10\/asi-logo-1.jpg","width":1218,"height":663,"caption":"ASI logo"},{"@type":"BreadcrumbList","@id":"https:\/\/asicentral.com\/press-releases\/asis-latest-intel-revitalized-promo-industry-is-roaring-back\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/asicentral.com\/"},{"@type":"ListItem","position":2,"name":"ASI&#8217;s Latest Intel: Revitalized Promo Industry Is Roaring Back"}]},{"@type":"WebSite","@id":"https:\/\/asicentral.com\/#website","url":"https:\/\/asicentral.com\/","name":"ASI","description":"","publisher":{"@id":"https:\/\/asicentral.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/asicentral.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/asicentral.com\/#organization","name":"ASI","url":"https:\/\/asicentral.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/asicentral.com\/#\/schema\/logo\/image\/","url":"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/09\/asi-logo.svg","contentUrl":"https:\/\/asicentral.com\/wp-content\/uploads\/2023\/09\/asi-logo.svg","width":1,"height":1,"caption":"ASI"},"image":{"@id":"https:\/\/asicentral.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/adspecialtyinstitute","https:\/\/x.com\/asicentral","http:\/\/www.youtube.com\/user\/asicentral","http:\/\/www.linkedin.com\/company\/asi","http:\/\/www.instagram.com\/asicentral"]},{"@type":"Person","@id":"https:\/\/asicentral.com\/#\/schema\/person\/d970b883ca6c4ee22d88412b72ca6281","name":"Jim Hollis","url":"https:\/\/asicentral.com\/author\/jhollisasicentral-com\/"}]}},"_links":{"self":[{"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/posts\/2680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/comments?post=2680"}],"version-history":[{"count":0,"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/posts\/2680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/media\/1482"}],"wp:attachment":[{"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/media?parent=2680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/categories?post=2680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asicentral.com\/wp-json\/wp\/v2\/tags?post=2680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}