May/June 2021
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Contract The Business Talk Pilot Barometer<br />
CRUNCH TIME FOR RETAIL?<br />
Business is booming but according to Neil Cooper-Smith, senior analyst at Business Pilot,<br />
there are challenges on the horizon that make proper business management critical...<br />
Business Pilot Barometer Edition 16: February/March/April <strong>2021</strong><br />
“Covid-19 may still be with us, but the world we now occupy today is a very different one to<br />
that of 12-months ago. In April 2020, things felt apocalyptic. We were in our first national<br />
lockdown, factories had shut their gates and like the rest of retail, installers were forced to<br />
close their showrooms. Fast forward to April <strong>2021</strong>, and things look and feel very different!<br />
The UK-economy is forecast to see its greatest growth since the post-war period and the<br />
construction sector is seeing an unprecedented boom.<br />
“This is reflected in the figures we’re seeing in this month’s barometer. Average sales were up<br />
9% in April on March – but a staggering 55% on the same time in 2020.<br />
“New leads for April <strong>2021</strong> held firm on figures for March - and were 273% higher than April<br />
2020. Conversions also held steady last month, up 3% on March.<br />
“This reflects the wider bounce in the UK economy which shows that it is back to where it was<br />
pre-Covid-19 and with forecast growth in GDP of 7%, seeing its strongest gains since 1945!<br />
“Increased consumer confidence, plus demand generated by the Stamp Duty holiday meant that<br />
house prices also grew at their fastest rate for 17-years last month, up 2.1% in April.<br />
“According to mortgage lender Nationwide, this represented the biggest monthly rise since<br />
February 2004 and was 7.1% higher than in April 2020.<br />
“There are, however, challenges on the horizon. The price increases trickling, or perhaps more<br />
accurately, cascading through the supply chain, make cashflow forecasting and business<br />
management critical.<br />
“This pales into insignificance in the face of significant disruption to component supply from<br />
PVC-U resins, to laminates and glass, to hardware and steel.<br />
“With systems and float glass manufacturers warning of supply chain challenges, it is only a<br />
matter of time before fabricators do the same.<br />
The Business Pilot Barometer offers a monthly analysis of the key trends<br />
defining window and door retail, drawing on real industry data collated<br />
by the Business Pilot customer relationship management system (CRM).<br />
“This makes effective lead management, increased forward visibility of order books and effective<br />
job scheduling increasingly important for installers. Having the right processes in place in your<br />
business and the visibility of where leads or jobs are in your sales pipeline or operational schedule<br />
- plus financial reporting - is going to be very important in the coming months as installers juggle<br />
continuing high levels of demand and unprecedented pressure on their supply chains.”<br />
Business Pilot uses cloud-based technologies to give installers complete<br />
visibility of every element of their operation from leads and conversions to<br />
job scheduling, cost of installation, service calls, and financial reporting.<br />
www.businesspilot.co.uk www.businesspilot.co.uk/barometer<br />
14 T I MAY/JUNE <strong>2021</strong> PRACTICAL CONTENT FOR THE GLAZING INSTALLER & HOME IMPROVEMENT SPECIALIST