While most U.S. businesses have seen a dramatic decline in revenues due to the COVID-19 pandemic, there’s one industry for which the opposite is true—grocery. From the toilet paper panic buyers, to the enthusiastic new home chefs, to the families stocking up to feed now-homebound kids, grocery operators have seen a rise in sales in excess of 30% year over year.
So how are these businesses faring? While a sharp rise in sales sounds great in theory, it also may mean staff and resources are overstretched, mistakes are made, and operators may be struggling to keep up, especially amidst strict CDC and federal regulations.
Tim Adair, vice president of the SafePoint® Recycler Program at Loomis, and Lenny Evansek, SVP of SafePoint® Business Development at Loomis, believe cash recycler solutions can help customers manage this sudden influx of business.