Point of Sale Systems were impacted severely during Covid-19.
"How does a POS system work at a small business?
A POS system allows your business to
accept payments from customers and keep track of sales. It sounds simple enough, but the setup can work in different ways, depending on whether you
sell online, have a physical storefront, or both."
Small or large Businesses used the point of sale system that allowed them to maintained a minimum of stock items and relied on the POS computer system to reorder replacement parts from a Center Strategically located Distribution Center to insure items availability.
Wal-Mart's and Sam's perfected this type systems. Money flowed in. Other Business owners jumped on the band wagon. Along came 2019 and something called Covid-19. Tariffs were also added to a large number of products coming into the US from Foreign Lands. Workers refused to work, Ships loaded with merchandise could not dock and unload. Truck Drivers refused to work and deliver products once they were unloaded. Centralized Distribution Center ran out of stored products to distribute. Employees were laid off. Businesses tried to get merchandize to replace depleted stock and could not. More employees were laid off.
Bottom line the entire POS System was disrupted and collapsed. I have seen some reports that the shortages of items from foods, clothing to automobiles and other equipment will remain high and prices will continually increase until demand for the items available for sale cools. This is why interest rates are increasing and we are starting to see items like automobiles that once were not there showing up on Dealers Sales Lots.
Some say it will be 25-26 before we will see anything resembling a normal POS Business Economy like it was pre Covid-19.
