I was on the MPSA call today. Here's some points of interest I was going to post on another thread but will put it here for everyone.
- One major MPS company reported 29% decline in pages or revenue
- Another major MPS company reported a 71% decline
- Healthcare for one of those clients saw a 40% increase
- More inquires from clients in respect to file sharing and content
- Expecting continuing decline for another 30 days in revenue and prints
- First week of April they hit bottom and has stayed that way with no increases
- Only 6% of those who applied for unemployment has received funds
Opportunities
- Good uptick in cloud based solutions for documents
- One attendee wanted a robust cloud data collecting
- New sectors of business will flourish with post-covid19, other businesses will not return, we need to identify those that will flourish
- Major opportunity to grab market share from players who have shrunk their business or may not make it
Stuff I heard
- Much of the unpublished "cocaine" funds are exhausted from the manufacturer
- Pull back from published "take down" or "know out" programs
- Marco laid off or furloughed 200
- Visual Edge laid off or furloughed 500
- Local dealers by me laid off an average of 80% of staff
Would love to have other peeps add to this list