Sales Report For Vending Operators
The Automatic Merchandiser State of the Vending Industry Report, 2005 said that the vending industry reported its first sales gains since the current recession that started in 2001. The main reason behind this growth has been a rapid increase in product sales, which rose to $21.26 billion in 2004. However, this was accompanied by an increase in operating costs along with the higher product prices.
The daily consumption of coffee has increased in America with more and more people drinking specialty coffee. Apart from drinking coffee at their work place, people are also getting coffee from outside. As a result, the market for coffee vending machines is expected to widen and grow in volume too.
In recent years, Planet Antares vending operators have witnessed the need for pulling equipment out of the industrial accounts that were traditionally operated. In 2004, the percentage share of the manufacturing/fabrication/warehouse accounts, which were once the largest customers of vending industry, fell below 30% of the total customers in vending industry. This has been an indication of the changing scenario of the nation’s workforce.
Many vending operators have also retreated from accounts in schools and correctional institutions. Basically, these accounts are based on commission and need to be rebid on a periodic basis. This fact is recognized by most vending operators, including Planet Antares vending operators. Moreover, the school officials treat vending machine operators as direct competition to their services and not as support service to the schools.
On the other hand, growing health awareness and fitness concerns have made nutritional standards more stringent. This has given a challenge as well as an opportunity to vending operators who can cater to a new customer base by offering healthier food products.
According to Automatic Merchandiser, the vending market share of extra-large vending operators has further enhanced in previous years. Large vending operators are those with $10 million or more annual sales. In reality, their increased revenue has been generated at the cost of smaller operators. Large vending operators have succeeded in investment of resources in new, innovative vending machines, employee training, marketing and technology for other aspects of the business. Even Planet Antares vending operators have recognized the importance of investing in technology and updating of procedures to increase efficiency and survive in the competitive vending industry.
The daily consumption of coffee has increased in America with more and more people drinking specialty coffee. Apart from drinking coffee at their work place, people are also getting coffee from outside. As a result, the market for coffee vending machines is expected to widen and grow in volume too.
In recent years, Planet Antares vending operators have witnessed the need for pulling equipment out of the industrial accounts that were traditionally operated. In 2004, the percentage share of the manufacturing/fabrication/warehouse accounts, which were once the largest customers of vending industry, fell below 30% of the total customers in vending industry. This has been an indication of the changing scenario of the nation’s workforce.
Many vending operators have also retreated from accounts in schools and correctional institutions. Basically, these accounts are based on commission and need to be rebid on a periodic basis. This fact is recognized by most vending operators, including Planet Antares vending operators. Moreover, the school officials treat vending machine operators as direct competition to their services and not as support service to the schools.
On the other hand, growing health awareness and fitness concerns have made nutritional standards more stringent. This has given a challenge as well as an opportunity to vending operators who can cater to a new customer base by offering healthier food products.
According to Automatic Merchandiser, the vending market share of extra-large vending operators has further enhanced in previous years. Large vending operators are those with $10 million or more annual sales. In reality, their increased revenue has been generated at the cost of smaller operators. Large vending operators have succeeded in investment of resources in new, innovative vending machines, employee training, marketing and technology for other aspects of the business. Even Planet Antares vending operators have recognized the importance of investing in technology and updating of procedures to increase efficiency and survive in the competitive vending industry.
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