Discover the Truth About Bad Companies!
Responding to a need in our industry, a group of savvy distributors and suppliers have come together to create a badly needed resource. Their mission is to bring truth and justice to our industry. The landing page of this new information resource, Snoopes Promo offers this intro:
"Welcome to Snoopes Promo, the definitive Internet reference source for all things true and false in the promotional products industry. Our informative site covers myths, rumors, and misinformation that is shared in social platforms throughout the industry. Don't be misled. Find out the real information here."
With accusations flying around about suppliers selling direct and distributors buying direct, we applaud the accurate reporting of business practices that affect our industry. Many are up in arms over the alarming mergers and acquisitions that have clearly challenged the traditional Supplier/Distributor/End User business model we are comfortable with.
There is a cause for concern about incestuous relationships between so called "sister" companies that challenge our sensibilities. If a supplier has a "sister" company that operates in a completely different manner, this is considered a breach of traditional industry family values. Two companies operating independently without sharing information? Inconceivable!
What about distributors who own supplier companies? Such a thing is unthinkable, yet several of these deplorable family relationships exist. What's an industry person to do? Action must be taken to expose such things! We must protect our way of life! Clearly these types of relationships are a threat to our own companies.
Online forums are ablaze with comments that have no factual information about the situation...but the information is still valuable. (Isn't it?) A recent post in an online forum performed a public service by providing the following information:
Here is what a friend sent me that he said they heard from a friend on an industry website or one of the chat rooms: