Growth in a Recessionary Market for Personal Protective Equipment Industry
Every manufacturer of PPE products is asking the question, “How do I grow under the current market conditions?” The current situation within the personal protective equipment (PPE) market is complex; the answer to this question is multi faceted, depending on your own specific situation.
However, factors that could help the PPE industry to rebound faster than other industry segments are:
- Expand during slowdown/recession
- Target growth areas globally
- Acquire distribution channel real estate
- Take reasonable risks
So, when is a good time to plan for growth in the PPE industry? October/November would have been optimal, but it is still not too late. We are on the cusp of the upward growth curve. So what about NOW?