Riding the Rebound: How a Resilient Economy Sparks Opportunities for Vending Machine Entrepreneurs

The current economic landscape presents a promising environment for aspiring entrepreneurs to venture into or expand their vending machine businesses. Several key factors contribute to the strength of the economy and make this an opportune moment for such endeavors.

The economy grew at a 2.4 percent annual rate in the second quarter of 2023, beating economists’ predictions. Price growth slowed in June, but consumer spending picked up. Perhaps most promising, The Federal Reserves key measure of year-over-year inflation, the Personal consumption expenditures index, fell to 3 percent. Last June, it was at 7 percent.

Soft landing, anyone?

As more people find themselves with stable employment and enhanced financial resources, the demand for convenient and on-the-go snacks and beverages offered by vending machines is likely to soar. We are also seeing more and more Americans return to “in-person” work, another bullish sign for our industry.

Changes in American’s work-habits have been hard on the convenience industry. However, one silver-lining has been an evolution in new high foot traffic locations like residential complexes and recreational areas that previously may have only been semi-viable vending locations.

In second half of 2023, all economic indicators, well…indicate… that it’s time to grow your vending business again! Changes to the economic climate often take time to be felt “on the ground” and yes, all of those prices increases you’ve already absorbed are here to stay. However, it may be helpful to look at the obstacles you’ve overcome since 2020 and take some solace in the notion that the worst is behind us…..maybe :)

Keep those spirals turning!

Vital Vending Sales