Tue, Apr 30
|WEBINAR
AV Bookings Have Slowed Down ... Now What?
Gain insights and tools to overcome revenue challenges spurred by the current economic environment. When traditional bookings slow down, find out how you can pivot your sales.
Time & Location
Apr 30, 2024, 12:00 PM – 12:45 PM CDT
WEBINAR
About the event
2024 has unfolded as a year of marked resilience and adaptation amid evident challenges. As reported in AVIXA's Pro-AV Business Index, the AV industry witnessed a deceleration in growth, marking February 2024 with a Pro AV Business Sales Index (AVI-S) of 53.4, the slowest rate since January 2021. This slowdown is attributed to a significant number of companies reporting stability rather than growth, encapsulating the industry's cautious optimism amidst uncertain economic climates.
Moreover, the "2023 State of the Industry" report by Commercial Integrator and NSCA accentuates the intricate landscape AV integrators navigate. The report highlights persistent macroeconomic headwinds, including inflation and interest rates, which emerged as a top-tier concern for 83.6% of integrators. Supply chain challenges and talent acquisition and retention continue to pose significant hurdles, with nearly 83% and over 72% of integrators, respectively, citing these as major challenges. Yet, amidst these trials, there remains a buoyant outlook on the essential role of AV technologies in delivering unparalleled experiences, underscoring the resilience and innovative spirit of the AV community.
As bookings decelerate and the industry braces for a transformative phase, Revenueify steps forward to chart a path through these tumultuous times. Our upcoming webinar, "AV Bookings Have Slowed Down, Now What?", aims to address the palpable concern within the AV community regarding the downturn in bookings and revenue impacts witnessed in 2024. By delving into the core issues identified in the aforementioned reports, we intend to unfold a narrative that not only acknowledges the challenges but also propels us toward actionable strategies for revival and growth.
The webinar will pivot around a critical discussion on the five focus areas identified by Revenueify as instrumental in navigating the current industry landscape. These areas are designed to equip AV integrators with the insights and tools necessary to overcome the prevalent revenue challenges, ensuring a robust conclusion to 2024. From recalibrating business models to align with the evolving economic environment to innovating in service offerings and harnessing the power of digital transformation, we will explore the avenues that promise revitalization and sustainable growth.
Key Takeaways:
- Understanding the economic factors contributing to the slowdown in AV bookings in 2024.
- Strategies for mitigating the impact of inflation and interest rates on project costs and profitability.
- Innovations in service offerings to offset the decline in traditional AV bookings.
- Talent acquisition and retention in a competitive landscape.
- Navigating supply chain disruptions with agility and foresight.
Join us at Revenueify's webinar, "AV Bookings Have Slowed Down, Now What?", to uncover five strategic areas that AV integrators can focus on to transcend the current challenges. Register now to secure your spot in this pivotal discussion that aims to empower the AV community with the knowledge and strategies for a strong finish to 2024. Together, let's turn these challenges into opportunities for growth and innovation in the AV industry.