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2020 Green Industry Benchmark Report
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It was a good year for green industry businesses.
Revenue growth was robust in 2019.
37% of respondents grew their revenue growth by more than 10% and 70% saw revenue increase in 2019.
Profit margins remained consistent.
24% saw profits in excess of 20%, up slightly from a year ago.
More of the same is expected in 2020.
37% expect revenue growth in excess of 10% and just 15% expect revenue to stay the same or decline in 2020.
But not everything is great.
Finding employees is difficult.
88% of respondents indicated it was somewhat or very difficult to find good employees.
Yet businesses expect to hire.
70% of businesses expect to grow their staff this year.
And wages are forcing price increases.
46% of respondents are raising prices because of rising labor costs.
Take a sneak peek at the Benchmark Report.
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