per ho Up Up Up Up 0% Do Do
were sales generally up or down? About how much? Up 20% 38% Up 15% 18% Up 10% 15% Up 5% 13% 0% 10% Down 5% 3% Down 10% or more 3% Not only did more customers embrace logistics IT, but they spent more money on those solutions overall. Despite a tight economy, 84% of vendors in the survey saw sales increase since last year. For more than half, revenues went up by 15% or more, while 15% reported 10% growth and 13% reported 5% growth. A small proportion—6%— saw a year-on-year decrease in sales. SALES: During the last year-on-year period, were sales generally up or down? About how much? Down 10 % or more 3 %
Down 5 % 3 %
No change 10 %
Up 20 % 38 %
Up 5 % 13 %
PROFITS: During the last year-on-year period, were pro ts up or down? About how much? Up 20% 29% Up 5% 20% Up 15% 16% Up 10% 16% 0% 11% Down 10% or more 5% Down 5% 3% an increase one year ago. The past year hasn’t been smooth sailing for everyone, though. Eight percent of respondents in 2024 saw net income decrease over the past year-on- year period. In 2023, only 1% of vendors saw profits shrink. PROFITS: During the last year-on-year period, were profits up or down? About how much? Up 15 % 18 % Up 10 % 15 % Even in an uncertain economy, profits remain strong for many logistics IT companies. Among vendors who responded to the survey, 81% have seen profits rise over the last year-on-year measurement period. That’s only a slightly smaller group than the 87% who reported such
ar period, About
Down 5 % 3 %
Down 10 % or more 5 %
No change 11 %
Up 20 % 29 %
Up 10 % 16 %
Up 5 % 20 %
Up 15 % 16 %
April 2024 • Inbound Logistics 49
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