Out Of My Mind On A Monday Mornin’

What are you most excited about the post-COVID economy?

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Here is an acronym for you to remember: MOAR, Mother Of All Recoveries. The post pandemic recovery is going to be the greatest on record, even greater than the post World War II recovery that ran from 1950 to 1966. While the stock market has been at new highs during 2021, we have only seen the beginning. MOAR will soar through 2022 and could last until 2030. How is that for a prediction? Mind you, not from me, but one of my services that I subscribe to which has been spot on for more than twenty years.

So if MOAR is true, this should be the best news for business, right? Large cap tech businesses, absolutely. The latest generation of technology in world history is just starting to make it to market and will work its way through 2035-2050. We will see more change during this period than ever before and will make the computer generation of 1980-1995 seem like peanuts. But if you are a small business, it could be a flip of a coin.

How many restaurants are turning customers away? Cedar Point is not open on Tuesday or Wednesdays. Try getting service anywhere. The reason: More than 9 million job openings and yet, millions of Americans still do not want to work. Also more people than ever are quitting the workplace and either retiring or starting their own business from home. Let’s take the hospitality industry, all the tech is in the world won’t replace customer service. MGM Resorts app now allows you to use your phone as a room key, check in, check out, make reservations and check out all the activities. But if you can’t get a drink at a bar or dinner take 45 minutes to be served and it’s lousy, what good is it?

When it comes to gallons of personal care products, no one does it better than Ginger Lily Farms. Already the best-selling gallons in America, now I am very excited to launch new sizes and new categories. First up is our fragrance-free hand soap in a convenient 6-ct 12 oz. package. 

Ginger Lily Farms Botanicals Liquid Hand Soap

Next month comes the new Dog & Pet category which will feature a very amazing 2-in-1 shampoo and conditioner and odor eliminator. And coming in August, look for the new Salon category featuring hair regrowth shampoo and perhaps one of my favorite product launches to come, the perfect competitive product to Moroccanoil! Soon you will be able to buy a gallon for the same price as 8 oz. Hmmm, which will be the better value?

One thing about MOAR that is not good, is that we are back to heavy traffic, long lines at airports, high priced just about everything and BTW, have you tried renting from AVIS or Hertz lately? YIKES!

The ongoing battles with China and the USA will continue for a very long time. However, regardless of what Trump and now Biden are doing with tariffs, it’s not working. Demand for goods is so high, the wait for containers from China is more than two weeks, costs for containers have doubled and tripled and there is no way U.S. factories can still compete. But one thing to keep in mind in this trade war is the value of brand names. You can think of many brand names made in the USA and sold worldwide including China. But how many brand names made in China can you think of that are sold worldwide? Fact is, there are NONE. If you look at all the China brands that are sold on Amazon, none of them are are a brand name, just a name to list on Amazon and take advantage of the marketplace. The only Chinese brand that has traction is not a product but a service, TikTok.

The $100 question going into the peak of summer: Will the Delta variant make its way into the USA in a meaningful way? Most people are so over COVID, any return to it at this time will bring a lot of nothing good.

Have a great 4th of July weekend, hard to believe the year is half over.

Happy Monday!

2017 Here We Come

It’s all going to start happening January 20 when President-elect Trump becomes the 45th President in the USA. Exactly what happens is anyone’s guess and we know the media is clueless. However I can say I am very optimistic about 2017. It should be the first year before the 2001 dot.com crash era that the state of affairs is about business. After all,  business is what propels the U.S. economy with 70% of the spending coming from consumers. What we also need is for businesses to spend money on productivity and on capital investments through lower taxes and bringing back more than $1 trillion in overseas cash.

For TNG, 2017 starts the first week of January with the launch of thebeautybook Spring 2017 edition. The all-new look is our best catalog to date and includes more than 250 new products developed through our research and development. Many of these products are ground-breaking and very exciting. For sure this is the largest introduction of new products in our history and we will continue to build on this momentum throughout the year. One brand that is red-hot is Ginger Lily Farms Botanicals as every seasonal item sold out. New seasonal collection for Valentine’s Day, Easter and Mother’s Day is sure to sell out again featuring Strawberry Shortcake and Chocoholic. These luscious flavors will be available in our Fizzy Bombs, new Buttercup Bath Creamers, butters, scrubs and candles.

ForPro will continue its innovative lead with amazing new cotton products, massage accessories, hair care accessories and brilliant new products. With the continued lack of innovation coming from the beauty industry, it is no wonder our customers are loving ForPro and our Signature brands.

2017 is also going to be exciting because so many of our key customers are optimistic as well. Resorts, spas and key retailers see this is a break-out year. That means more money for expansion, renovations and new properties. Even Jimmy Buffett who turns 70 Christmas Day is opening up new Margaritaville resorts and Parrotheads love them.

Best yet for 2017, we have the best talent to handle our continued growth. Between our store talent that is #1 in customer service to our inside and outside account representatives, no one knows the beauty business like we do. And with the continued consolidation of key players, TNG and THE INDUSTRY SOURCE will continue to thrive.

On a personal note, my middle son Daniel and his fiancé Stacy are expecting a baby girl April 29 and getting married December 2. Congrats to them!

So yes, 2017 will be quite the year and let’s hope President Donald does the right things and keeps optimism alive for a very long time. We can all use a healthy dose.

Happy Holidays! Happy, healthy and safe New Year! And thanks for reading my blog.

Larry