4 Tips To Fight Inflation In The Field Service Industry

As recent headlines across top news sources indicate, inflation is a critical concern for numerous industries, including the field service industry. Moreover, global inflation is projected to increase by 6.7% in 2022, compounded by a decrease in global growth from 5.7% in 2021 to 2.9% in 2022. Likewise, resourceful field service leaders are already starting to look for actionable initiatives to combat inflation and prepare their companies for success in the future.  

In this blog post, we’ll cover key highlights from ServicePower’s proprietary white paper, Fighting Inflation with Field Service Management; moreover, we’ve distilled the white paper into the top 4 tips to fight inflation in the field service industry. Equipped with this knowledge, field service leaders will be able to cut costs, drive efficiency, reduce risks, increase customer retention, and ultimately, improve field service ROI. 

Top 4 Tips to Fight Inflation in the Field Service Industry

1. Reduce Costs Through Technology

Implementing innovative field service management technology is integral to mitigating the negative impacts of inflation. By leveraging cloud-based, AI-driven field service management software, field service organizations (FSOs) are empowered to automate complex workflows, optimize efficiencies, and enhance the customer experience. Further, these benefits ultimately lead to increased productivity, reduced costs, and optimized ROI.