THE FOUNDATION’S dedicated volunteers, donors and staff continue their efforts that provide a wide range of research, programs and opportunities unavailable anywhere else in the industry. The Foundation’s Board of Trustees is committed to investing your donations on the following resources, among many others, that help make you and your business successful.
The spike in e-commerce during the COVID-19 pandemic has accelerated the trend toward automation in warehouses and distribution centers that is expected to drive demand for equipment financing. A new report in the Foundation’s Vertical Market Series focused on logistics reveals that the sector is ripe for investment in warehouse management systems due to relatively low pre-pandemic unemployment (which left a high number of warehousing jobs unfilled), a healthy economy, changing customer demands and faster delivery expectations. Advancements in automation, such as lower costs and scalability improvements, and the need for cloud functionality are supporting factors that will help fuel this surge.
The Foundation’s “Day of Giving” was an outstanding success thanks to the support of our generous donor community! Many donors participated in the #ELFFGivingDay campaign by downloading the “I Give Because” graphic and sharing their reasons for contributing on their social media accounts. Foundation research, scholarships and other resources are 100% donor-funded. There’s still time to make your 100% tax-deductible contribution. Make a donation by Sept. 1 at https://www.leasefoundation.org/giving/online/ to be included in the Foundation’s Donor Recognition program during the ELFA Annual Convention.
COVID-19 Impact and Recovery Survey
Results of the Foundation’s quarterly COVID-19 Impact and Recovery Survey reveal the strength and resilience of the equipment finance industry coming through the pandemic, and the ways in which its workforce will continue to be impacted. Among the highlights of the survey conducted in May:- Deferrals are down 90% from their peak in 2020.
- The vast majority of borrowers that had deferrals (93.6%) are now paying as agreed.
- 2021 default rates are expected to be lower than in 2019.
- Expectations for originations in 2021 are for significant growth of 18%.
- In 2022, the percentage of lenders at 50%+ work from home will be 41%, a decrease from 84% currently.
The Foundation’s podcast features a two-part series about the many considerations equipment finance companies face when bringing employees back to corporate office spaces.
The Evolving Logistics Marketplace
The spike in e-commerce during the COVID-19 pandemic has accelerated the trend toward automation in warehouses and distribution centers that is expected to drive demand for equipment financing. A new report in the Foundation’s Vertical Market Series focused on logistics reveals that the sector is ripe for investment in warehouse management systems due to relatively low pre-pandemic unemployment (which left a high number of warehousing jobs unfilled), a healthy economy, changing customer demands and faster delivery expectations. Advancements in automation, such as lower costs and scalability improvements, and the need for cloud functionality are supporting factors that will help fuel this surge. Research on the Horizon
The Foundation’s Industry Future Council (IFC) has been at work since March conducting a strategic assessment of the trends, challenges and opportunities facing the industry in the next three to five years. After explorative discussions and in-depth research on drivers of change with Keybridge LLC, the results will be revealed in a report this fall providing valuable insights and actionable steps for equipment finance professionals to use in their business decision-making.THANK YOU!
The Foundation’s “Day of Giving” was an outstanding success thanks to the support of our generous donor community! Many donors participated in the #ELFFGivingDay campaign by downloading the “I Give Because” graphic and sharing their reasons for contributing on their social media accounts. Foundation research, scholarships and other resources are 100% donor-funded. There’s still time to make your 100% tax-deductible contribution. Make a donation by Sept. 1 at https://www.leasefoundation.org/giving/online/ to be included in the Foundation’s Donor Recognition program during the ELFA Annual Convention.
Share:
Article Tags:
EL&F magazine article
Foundation News
Department
2021