These 2 Things Will Destroy Your Distribution Business In 2021

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2021 is the year that will kill more distributors than ever. Profit margins are getting ever smaller and distributors are finding it harder to stay afloat. This is primarily happening for two reasons.

1. Increasing Labor Costs - The driving force behind this was Covid and all of the subsequent stimulus. This drove the price floor for cheap labor through the roof, which in turn has destroyed distributor profit margins.

2. Digital Economy - Due to Covid the economy has shifted to a digital economy. This means that more people are working from home. Consequently, at consumption of goods delivered straight home has gone through the roof which has yielded a decrease to market foot traffic. At the margin sales of products that wouldn't have otherwise been purchased by the consumer will eventually disappear.

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