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Latest SDEA member survey finds a resilient market

Latest SDEA member survey finds a resilient market
In spite of the current unstable supply chain operating within the UK and the continuing battle with Covid and inflationary pressures, the Shop Display and Equipment Association (SDEA) reports that the market is proving surprisingly resilient.

The latest SDEA survey reveals 66 percent of members experienced an increase in sales for the final six months of 2021, compared with the same period of 2020, of an average 29 percent. Further, an additional 58 percent of respondents further reported an increase in sales in the second half of 2021 when compared to the first six months, with the average increase being 26 percent

Encouragingly, this upward trend looks set to continue. When asked, 50 percent of SDEA members expected their sales to rise by an average of 17 percent. In light of this increase, a substantial section of the respondents had also increased their staffing levels, with 33 percent increasing their staff levels during the previous six months and 50 percent expecting to employ extra staff in the coming six months.

This positive outlook comes despite price increases – 91 percent of members experienced increased supplier prices over the past six months, with a 19 percent average rise. A further 73 percent expected supplier prices to rise over the next six months by a projected 11 percent average.

SDEA Director, Antony Behiels commented: “It is extremely encouraging to see SDEA members’ sales continue to rise. Our survey responses indicate that the industry remains buoyant despite the volatile worldwide economy with the first half of 2022 looking healthy. However, it is evident that suppliers’ price inflation continues to impact members at an even greater scale than in recent years.”

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