This industry comprises establishments primarily engaged in supplying, on a rental or contract basis, laundered items, such as uniforms, gowns and coats, table linens, bed linens, towels, clean room apparel, and treated mops or shop towels.
The Linen and Uniform Supply industry (NAICS 81233) is experiencing several notable qualitative trends. Firstly, there is a growing emphasis on sustainability and eco-friendly solutions. Companies are increasingly adopting green practices such as using biodegradable detergents, energy-efficient laundering techniques, and water-saving technologies. This trend is driven by both regulatory pressures and consumer demand for environmentally responsible services.
Secondly, there is a significant push toward digital transformation. Businesses in this sector are leveraging advanced technologies such as IoT (Internet of Things) and RFID (Radio Frequency Identification) to manage inventory, track garment lifecycle, and enhance supply chain transparency. This has resulted in improved operational efficiencies and customer satisfaction.
Another trend is the increased focus on healthcare and hygiene. The COVID-19 pandemic has heightened awareness around cleanliness and sanitation, leading to a surge in demand from healthcare facilities, hospitality sectors, and other industries where hygiene is paramount. Companies are responding by offering specialized laundering services that comply with stringent health guidelines.
Looking ahead, forecasts suggest that the industry will continue to expand, albeit at a moderate pace. The adoption of sustainable practices and digital tools will likely drive innovation and efficiency. Furthermore, the ongoing attention to hygiene standards is expected to sustain demand in the near future. Tremendous growth opportunities exist in niche markets such as healthcare and hospitality, where specialized and premium services are highly valued.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.