In other words: this market is secure. If you're looking for solid sales in 2010, this may just be the safest bet.
A Strong Foundation
Unlike many other product categories, safety and first-aid items haven't seen sales declines corresponding with the recession. "Starline found the opposite," according to Norris, and both he and Xiao reporting strong sales over the past year. A central reason for this is the American Recovery and Reinvestment Act (ARRA), "[The] U.S. government's economic stimulus plan [will] especially create more infrastructure projects like construction, utility and transportation around the country, [so] the demand for safety products will inevitably increase," noted Xiao. "Distributors are more likely to get more and bigger projects, and suppliers like us will prepare for giving our best support in terms of inventory, product quality and on-time delivery."
- Companies:
- Atteff International
- Starline USA