Economic Realities Solution Providers Under Pressure

The financial services crisis and the deteriorating economy are having an impact on solution providers’ business. The result is less robust sales, revenues and profits in 2008 than most anticipated. Channel Insider surveyed 300 solution providers for this Channel Insider 2008 Midyear Outlook Report. Here’s what they had to say.

Despite the deteriorating economic conditions, solution providers report that sales are in line or exceeding expectations.

The sagging economy is making business difficult for solution providers. The following are some of the pressures solution providers are experiencing on their sales and revenues.

Solution providers are laboring under some of the most austere conditions in decades. The following are the top economic factors that are having a negative impact on solution provider businesses.

Even before the financial services crisis, solution providers had to adjust the pricing on many of their key products and services.

Many solution providers report deteriorating profits on many services and products that drive solution providers’ business.