What is the Office Supplies Dealers industry?
The Office Supplies Dealers industry is currently in the decline phase of its economic life cycle. Industry value added, which measures the industry's contribution to the broader economy, is expected to decline at an annualised 0.7% over the 10 years through 2021-22. This is in contrast with real GDP, which is projected to grow at an annualised 2.6%. This illustrates that the industry is underperforming the economy, which is a feature of a declining industry.
Price competition and declining demand are driving profit margins lower. These are major contributing factors towards the industry's current decline phase. A lack of profitability is driving smaller businesses out of the industry and causing overall business numbers to fall... purchase to read more