Sports never stop, and therefore, the need for medals is always there. What would you even do to the sports round winners at several events if you don’t get medals to distribute amongst them? Especially in China, where they not only practice globally played sports, but they always have their traditional martial arts sports tournaments.
But why would you not get them? Because of that recently been observed, the medals prices in china were getting high. There could be many reasons for it. We talk about one reason here: the cost of raw materials in China has risen due to the epidemic. It caused the medals price to get high. Let’s discuss it in detail.
The connection of medals price with raw material rates
As we know, there was a time when the whole world was in worry. It was 2020 when a lockdown happened due to the disease Coronavirus. COVID-19 caused the government to put lockdown and forbid people from coming outside their homes unnecessarily to avoid public interactions to stay safe. Every business, including medals sellers, got affected. It increased the raw material price for medals sellers, and thus the medals price became high. We have observed a significant number of deaths in the pandemic.
When everything was ordered to close by the government, businesses were closed too. There was a fuss about how poor people would earn their bread and butter if they didn’t do business. The same went for the rich people. Everyone’s business was closed. After some time, they were given limited time to do business under the strict guidelines for protection against Coronavirus.
Why has it become hard to buy medals and manufacture them?
Looking at the medals price issue
When all of this happened, the businesses experienced loss, and thus the price of raw materials for medals was increased along with everything in the pandemic. Therefore, after purchasing the high-priced raw material, they were sold at high prices when they were being manufactured. Even the surgical mask that people were wearing during the pandemic got priced very high. In every type of business, people had to meet their expenses, and there was no other way than to increase the pricing of products and services. However, it’s observed that many new businesses were born in the pandemic, especially those businesses that people can do from their homes.
Deep Digging into the medals price factor.
All the material we need to manufacture medals comes from nature. We dig to find it. Since it wasn’t allowed and there was a lockdown everywhere, people couldn’t go outside to do their business. It was going in loss. We don’t have deep insights into what happened and how they managed to get the raw material, but they sold it at a very high price when they got it. This made the medals price very high.
How do we make medals now?
This section will discuss how companies manufacture high-quality and affordable medals so that it’s easy to distribute them in sports events in China, Bulk buy medals for companies, and order custom medals. As we discussed earlier, why the price of medals increased, we can now say that if the manufacture of medals becomes less expensive, their price will become lesser too. In order to do that, we need high-quality raw material in less price. If we get it at less price only then, we can set the affordable medals price.
The good news is that we’ve got a company in China named Metal Awards Industrial Co., Ltd. It is the source manufacturer which produces many medals every day. Metal Awards has long-term cooperation with the raw material suppliers, so the price of Metal Awards will be more advantageous. Buying from them can give you the advantage of setting reasonable medals price for your business.
More About Metal Awards Industrial Co. Ltd and its link with medals price
It is an almost ten-year-old company in China that has had a huge impact on the industrial world in China. They started from 30 employees and now have over 200 people working there. It is the material-providing company for the medals. Every company that creates medals needs raw materials to manufacture medals. Some companies might have their setup from where they get raw material.
However, it’s not the case for everyone. Many companies buy material from a company and then manufacture the medals afterward. Metal awards industrial co. provides raw material to companies to manufacture medals. They provide the material at affordable rates to companies because of being a large organization. It makes the small businesses set the reasonable medals price. Initially, Metal Awards supplied materials only inside China. Now it says to do business overseas and provides material to foreign countries soon. Visit their website to get more and the latest information about them.
Therefore, it would be cost-effective for companies that sell medals to buy raw materials from Metal Awards. It can give them better ROI (return on investment) since they’d get raw material at less cost and earn more profit. They will be able to make benefit out of the set medals price for their business.
The effect of the epidemic on the production and supply of medals
When the pandemic arrived in China, some people thought about whether or not they’d get their businesses done right or not. The medals manufacturers were also looking forward to not letting their business get affected by the epidemic. However, it was not reasonably possible to resist the effect lockdown could have on business and Bulk buy medals or order custom medals. It was more important that people remain safe as so many deaths happened those days. Thus, the business got affected. Both production and supply were affected. As a result, the medals price increased. Below we’ll briefly talk about each how they got affected.
Effect on Production of Medals
Before we talk about the supply, we talk about the production. No production means no sales. In the epidemic, factories were closed. Every place where people gathered on regular days was closed by the government, and people were advised to maintain distance and don’t meet each other as they did before. These guidelines were necessary to follow. Therefore, factories were closed, and people had to gather to do the work. As a result, there was no one to Bulk buy medals or order custom medals. Also, it made the already made medals price high.
Why didn’t factories open if they followed Corona safety guidelines?
The government came up with SOPs regarding COVID-19 with the help of experts who provided us with some guidelines that prevent us from the virus. It has one main point, that tells to maintain distance. Other than that, it was to sanitize yourself, avoid touching each other, and stay isolated as much as possible. The patient who tested positive for this virus was put in isolation as well.
In such conditions, it was not possible to work in factories. Thus, they were closed entirely. When factories were closed, there was no one to work on an industrial level, and therefore there was no production of medals. Some people might have set small factories in their houses where they can at least produce a small number of medals to supply further. They might have gone to the factory to do the work, but the scale of their production was not the same as before the pandemic. Businesses could no longer give them Bulk buy medals opportunity or to order custom medals.
How were businesses surviving in the epidemic?
Every large-scale business has the Bulk of material and products saved in its warehouses. It doesn’t run short of them so quickly. Similarly, those big companies who sell medals have medals saved that they can supply for some time. The problem started when they ran out of items and had to produce more to do the business. However, despite having medals saved, medal sellers were still facing problems due to not being able to supply medals. Let’s talk about it in the next section.
Effect on Supply of Medals
So, we discussed that there were already enough items businesses could sell to run their business. But they could only do that if they supply it smoothly. Lockdown was very strict. It was not allowed to roam around anywhere and meet anyone. Medals are the need for events, and no events were happening except a few, provided they follow the COVID-19 Sops properly.
However, the effect on supply could not be as much as it could be for production. Production requires teamwork, and when they work together in a factory, they manufacture medals. On the other hand, supply can be done by a single person as well. He just needs a big van or truck to deliver it to the shops and companies that sell medals. But it was not entirely allowed. There were some guidelines to follow in order to do the basic business.
Therefore, the epidemic has affected the production and supply of medals. However, Metal Awards company has been said to have had a great advantage since it is a big company. It has many branches in other cities. Compared to most other big companies that provide the raw material for the medals, they had comparatively easy production and supply. Other companies could easily buy from them and manufacture medals.
Benefits Metal Awards Co. Ltd has for medal sellers.
However, Metal Awards factory is located in Guangdong Province. According to the sources, tHe current situation in Guangdong province is pretty well okay. They have got good control over the COVID-19. There’s not much trouble doing business like before there. As a result, we don’t get the production problems and the raw material for the medals. Other than that, Metal Awards has many branch factories in different cities, which avoids the delay caused by the epidemic.
Branches of Metal Awards Co. Ltd
Metal Awards Co. Ltd factory is situated in Dong guan city of province Guangdong. It also has a sales office in the same city. They are also said to have branches in different cities in China. That’s the reason everyone who runs a medal factory should buy the Bulk material from Metal Awards because they can provide them with it without any delay. This made it possible for a business to take Bulk buy medals from it and order custom medals.
Wrapping up the medals price
So, we discussed almost everything about medals except their types. That’s something we save for another day and another blog post. In this article, we have discussed what caused the medals to become hard to sell and manufacture. It was the epidemic that caused this. The effects of the pandemic caused us to shut down our businesses and anything that involves public gatherings so that we remain safe from the virus. It caused much trouble for the business because their production and supply significantly decreased.
However, they managed to the bare level of business despite that. This article has become long enough. To conclude what we have learned above, we have summarized these 9 points for you.
- The price of medals depends on the cost of raw materials. If raw materials price goes high, the medals price go high too.
- In the pandemic, the factories were closed. Thus, those who were selling their already saved stock sold them at high rates. It is quite possible to happen.
- Despite the fact that factories were closed, people managed to do business from their homes. However, the industrial level business couldn’t be on that level it was before the epidemic, but the home-based new businesses people opened were successful.
- The medals need some raw material to produce them. It was not allowed to do that during the lockdown. Thus, the raw material supply became less. It was one reason medals price got increased during the epidemic.
- Metal Awards Industrial Co., Ltd. is a large company in China that provides the raw material for medals. It has many branches in different cities in China. Therefore, it was easy for this company to supply raw materials to metal manufacturers.
- Although it was easy for this company to supply raw material eventually, it could become hard for it when it runs out of the material.
- Metal Awards Industrial Co., Ltd. has a price advantage since it has a large business scale. It provides manufacturers with raw materials at affordable rates.
- The epidemic affected both the production and the supply of medals. Factories were not operating, and thus production was not good. As a result, there was not much supply. Another reason for less supply is the strict guidelines for the COVID-19.
- If factories produced some items in the limited time and capacity, they were not able to do it like they were doing before the pandemic.
That’s it. So, medals price is not at its peak now. You can buy them at affordable rates now easily in 2022.