The ongoing pandemic has hit many businesses hard over last two years. But smart businesses have found the silver lining in the dark cloud of forecasted economic gloom by focusing in on operating leverage. Operating leverage refers to the magic of increased revenue propelled by decreased costs and increased revenue.
The need to be visible to consumers and to provide visible signage regarding health and safety is even more critical in 2022 as the pandemic continues to disrupt business. Companies must differentiate and stand out from the competition, and signage is still the premier way to accomplish this. In fact, the market for wide format printing is predicted to grow to $8.42 billion by 2022, with advertising being the major driver for this expansive growth.
Like other industries, the legal industry is being forced to pivot in response to changing consumer demands, shifting economies, and a major departure from the traditional in-house office work to remote or hybrid work situations. With these shifts comes an emphasis on building out in-house technologies and technical abilities — something that law offices have been traditionally resistant to in the past.
For retail businesses, leveraging an ecommerce presence is an important part of a smart, pandemic-resistant business strategy. With more consumers wanting low or no-contact shopping options, the market for ecommerce is skyrocketing, pushing the global market share of ecommerce to 17% in 2020 alone.
Staff and student retention is still a problem for higher education organizations and the ongoing pandemic has made it all the more difficult to manage the day-to-day tasks of running a college or university. In fact, over half of faculty members have thought about changing jobs — or retiring altogether — in the wake of the pandemic. Large numbers of faculty chocked their new restlessness up to feeling tired and stressed, and some of that undoubtably has to do with digital fatigue.
As we move toward the end of the year, many companies begin to take stock of their print environment and think about upgrading their printers, multifunction devices, copiers, scanners, and fax machines. Year-end purchases or leases can be advantageous from a tax perspective, and you may even be able to get a deal on models that have been released the previous year. And your print environment has a direct impact on productivity, which in turn can positively affect your bottom line results.
Measuring quality may be subjective, however, there are several ways you can assure the highest quality when it comes to your printing.
With post-pandemic disruption continuing across all industries, businesses are looking for ways to get more competitive — from reducing capital expenditures to improving office efficiency. In fact, anything that can help your business increase your return on investment can contribute to greater business success. Fortunately, there is a simple, cost-effective way you can improve workflow processes, increase efficiency, and help your staff collaborate more effectively for a better bottom line: Choosing a printer with the right printer software.
Like any industry, legal firms are working hard to remain competitive in an ever-changing — and more demanding — marketplace. Choosing the right office technology can make the difference between firms that are stellar at satisfying clients; conducting better, faster, more accurate research, and creating bottom line results that matter — and those that fade away into obscurity.
As businesses begin to recover from setbacks and disruptions that occurred during the coronavirus pandemic, many office managers and business owners are turning their attention to cultivating bottom-line health and cost-savings. One way to do this is to right-size your office technology, meaning to find the sweet spot that occurs when you have the right office equipment for the job at hand — and the number of staff served by that technology.