Following the financial crisis, the problem was a lack of spending…

Worried people paid down their debts, governments-imposed austerity, and organisations held back investing in the future.

Lockdowns lit the spending touch paper again; governments have stimulated the economy and people have dealt with their frustrations by ripping open the purse strings.

Coupled with challenges brought on by Brexit, Covid and factory fires, the surge in demand is so powerful that supply (in certain sectors) can’t keep up and inflation is biting.

But it’s not just these things. ‘The Shortage Economy’ is also the product of switching from fossil fuels to renewable energy and the need to increase labour standards in certain sectors.

Two semi-conductor (micro-chips) factory fires has compounded the supply problems caused by lockdowns, and we’re running short of new vehicles (including electric ones), printers, and a whole host of electronic devices needing chips to make them work, even threatening Christmas.

Luckily ‘The Shortage Economy’ is only affecting new office equipment, and our ‘fit for purpose’ refurbished office technology is available and helping to keep many organisations operational.

Inflation is also impacting some refurbished goods, with prices for used vehicles surging by 20%. Something which will never happen to our office technology customers.

As, our office technology customers are protected from price rises, through our fixed price guarantee, meaning their price will never increase for the life of their agreement.

…the shortage economy may affect some sectors, but not refurbished office technology.