It’s no secret that the wider retail and hospitality sectors are facing their challenges. As the country is in the midst of a cost-of-living crisis, more brands are feeling the sting of inflation and dip in consumer spending due to recent turmoil in the UK & Ire economy.
In fact, cost pressure at every step, from materials to the consumers pocket, are putting pressure on margins at levels not seen in years. This coupled with ongoing supply chain disruptions due to labour shortages, Brexit trade barriers and global supply problems is making it increasingly difficult for brands to operate at the same level they are used to. Not to mention, the labour market has never been so tough. Getting great people means impressing job seekers at new levels to ensure brands get the talent they need to deliver results.
In order to overcome these obstacles, brands may have to think outside the box and consider new ways to approach their sales strategy. That’s where outsourcing comes in as a potential lifeline for brands looking to cut costs and alleviate some of the pressure!
Outsourcing isn’t a new concept, it’s been around the block for a long time but it’s something that more brands should be exploring. Stepping away from in-house teams can seem daunting but the benefits of outsourcing speak for themselves. Read on to discover why it could be the best option for your brand as you plan your 2023 budget…
With this in mind, it may be easier to leave it to the experts so that you can create capacity for the other areas you need to focus on. Outsourcing can take away additional stress and remove what could be considered a distraction.
As with most things, there may be doubts involved with making the switch to outsourcing. You may worry about loss of culture or control, losing expertise or competitive advantage or even diminished effectiveness. However, partnering with the right agency will help mitigate these risks and give your brand peace of mind that your KPIs are in the right hands.
Agency selection is critical - matching culture & values are important as you continue to treat the team as an extension of your business. By treating the team as if they were your employees, you can be clear on how you retain expertise through your agency and make outsourcing the competitive advantage you’re missing.
Are you ready to outsource your field sales teams? Start planning for 2023 and make the switch from in-house to discover the benefits. Partner with an agency that can give you the competitive edge you need.
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