News from the Demand side.
Supply chain issues, inflation, access to labor, and a potential recession have been dominating economic headlines. But those headlines are just one part of the economic equation—the supply side.
So what about the demand side of the equation? How many retailers are forecasting an impact to the bottom line? You might be surprised.
By the numbers: A recent survey* of 677 POS customers indicated:
- Only 14% of POS customers were forecasting a revenue decline of 10% or more
- 29% forecasted a profit decline of 10% or more
- Interestingly, 47% of customers forecasted increasing revenues—and 35% expect to increase profits
The big picture: Environmental factors are impacting profit more than revenue—meaning demand is still strong, but operating costs are under more pressure. But perhaps the biggest takeaway is that far more POS customers are forecasting growth than contraction. That may indicate that a recession’s impact may be minimal or avoidable altogether.
We keep growth going: TimePayment helps POS retailers say “Yes” to more customers, by offering best-in-class equipment lease financing, industry-leading technology, access to API, and superior account service, training, and back-office support. TimePayment has helped over one million customers with transactions from $500 to $1.5MM+, and POS retailers rely on us for the speed, convenience, and technology solutions they need to grow.
*2022/2023 Sawbux Greenwich Study of Commercial Finance Decision Makers
