Distributors beat recession fears with strong sales
With the fear of recession on the rise, distributors continue to show strong sales in Q3. According to the Distributor Quarterly Sales Survey from ASI Research, North American distributors increased sales by 12.4% on average in Q3 of 2022.
This is being attributed to many factors, one being, a post-COVID bump in spending. While these trends may not last, they are certainly sure to keep spirits high in the coming quarters.
Our CEO, Chris Faris, speaks to some of the contributing factors and insight on how to proceed. Boost Promotions saw a 34% year-over-year sales increase in Q3 of 2022.
“ The energy has been positive,” he says. “There are still budgets to be spent. Clients haven’t had activations in the last two years, they weren’t spending, and now they’re back. We just have to find opportunities for traction and growth.”