TITLE TRANSITION OUTLOOK | Market
What impact, do you expect these areas will have on your business over the next 12 months?
WEST COAST EXECUTIVES
“As consumer budgets are affected by inflation, they might move towards cheaper, store-branded products, which could decrease the profitability of high-end food and beverage items.” “Rising inflation rates make it difficult to retain qualified dentists.” “Despite the growing demand for eco-friendly building materials, it remains a challenge to find and obtain them.”
Inflation
53%
44%
4%
31%
18%
25%
Supply chain
Insurance requirements
12%
20%
37%
Data privacy and security
11%
16%
31%
Significant impact
Moderate impact
Slight impact
”
How concerned are you about each of the following factors?
WEST COAST EXECUTIVES
“Rise in the competition with new brands entering the market can impact our market share and revenue.” “Dental service organizations and larger chains are growing, leading to potential competition for independent or small practices to reduce their prices.” “Keeping customers loyal to our brand can be really tough, especially with so many new competitors popping up all the time.”
Price competition
33%
33%
21%
12%
Outlook for your industry
36%
22%
18%
24%
Changing customer preference
16%
30%
28%
27%
New market entrants
15%
15%
33%
37%
Most concerned
Least concerned
”
12
12
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