Anticipating Price Increases: Should Wedding & Event Professionals Review Their Agreements Now?

Let's face it, the event industry thrives on creativity, precision, and exceptional service. It's part of the magic behind crafting unforgettable experiences and stunning memories. But it’s also deeply affected by market trends, global supply chains, and economic shifts. Right now, as of this post, new tariff increases on imported goods have been put into place and will impact many products but it's not just cars and computer chips.

Many of the beautiful details that bring weddings and events to life—like certain fresh flowers and specialty décor materials—come from outside the U.S. because they either don’t grow naturally here or there simply aren’t enough resources to meet demand. For example, those lush roses from Ecuador, dreamy peonies from the Netherlands, and exotic orchids from Thailand? They thrive in climates that make them absolutely stunning. The same goes for high-quality linens, specialty papers, and custom décor elements, which are often sourced internationally due to production capabilities and cost efficiency. Since so much of what we use in the event industry is impacted by global trade, it’s crucial to stay ahead of market shifts, tariffs, and supply chain challenges that could affect pricing and availability.

For creative entrepreneurs and event professionals, this means that the costs of goods could unexpectedly rise, potentially affecting your bottom line. But here’s the real question: Are your contracts prepared for this?

The Importance of Reviewing Your Agreements

If you’re a wedding planner, floral designer, live event artist, photographer, or rental provider, your service agreements should reflect the possibility of price adjustments due to market fluctuations, supply chain disruptions, and rising costs. Without clear language protecting your business, you may find yourself absorbing unforeseen expenses or dealing with uncomfortable client conversations down the line.

Taking the time now to review and update your agreements ensures that:

✅ You remain profitable even as material costs shift.

✅ Clients are informed upfront about potential price adjustments.

✅ Your business stays protected from financial strain caused by uncontrollable market changes.

Need Help Updating Your Agreements? Let's Talk!

If you’re unsure what to add to your agreements to help cover potential cost increases? Well, I have a few suggestions but what works for one creative business may not work for another. I’d love to point you in the right direction. So, let's chat over a quick creative coaching call to help go over it with you. This way, I can get to know more about you and things to consider when exploring a clause to insert into your agreement to help cover your pricing.

📩 Let’s connect! Schedule a quick chat with me, and let’s make sure your business is prepared for whatever the market brings.