Watermark Living has announced that a combination of its sourcing efforts have successfully mitigated the impact of Chinese tariffs on the company’s pricing.
“Our team has worked in anticipation of the tariff to educate our retailers on how our products are produced and what efforts we are making to lessen the inevitable impact,” says Chad Harper, national sales manager for the company.
To bypass the costs associated with tariffs, Watermark Living says it is currently leveraging advances in its technology and efficiency as well as utilizing its Southeast Asian supply chain and made in America components.
“We get our foam and fabric domestically and, therefore, the tariffs only affect the frames for outdoor,” says Harper. “Our rattan is sourced from areas outside of China and there has been no impact from tariffs. We do not have standard year-over-year price increases.”
While Watermark Living’s customers may not be impacted by price increases from the tariffs, Harper does say that the company will be to a limited extent.
“As a company, we will be required to make some adjustments. These adjustments will be nowhere near the increases other manufacturers compound annually or of others that bring in the entire product will be forced to pass on.”