Pandemic Business Boom: Cin7 Study Uncovers How 23% of Product Sellers Grew Revenue Rapidly
DENVER, Sept. 21, 2021 /PRNewswire/ -- Its no secret the COVID-19 pandemic disrupted industries around the globe, with many retailers, wholesalers and manufacturers paying the price: 28% struggled to keep afloat and experienced at least a 5% decline in revenue. However, according to a new report from , a pioneer in cloud-based inventory management software (IMS), other businesses grew at a rapid pace: 23% of product sellers saw their revenues climb by 10% or more. "Modern product sellers are far outperforming their larger competition during the pandemic, and we made it our mission to find out why," said Doug LaBahn, CMO of Cin7, DEAR Systems, and Orderhive. "What we discovered is that the product sellers who grew their sales and revenue in the past 12 to 18 months have all adopted similar strategies: theyre investing wisely in the right people, technologies, and channels, and have experienced tremendous success as a result. We saw an opportunity to create a product that was better than what was currently offered for half the price," said Greg Nutter, Director of Operations at Glorious PC Gaming Race.
Transportation, Logistics & Inventory
Procurement & Purchasing
ERP & Process Management