One thing we really had going for us, is that we already had a robust online auction platform in place long before the virus broke out. That functionality enabled us to operate more or less business as usual when the COVID-19 restrictions came down.
WOOD DALE, Ill. (PRWEB) June 29, 2020
A pandemic may be sweeping the globe, but that hasn’t been getting in the way of Aaron Equipment Company’s operations. While COVID-19 has continued to rage, Aaron has put its auction and liquidation services into full drive and continues to achieve sales successes for its nationwide clients and even those on the opposite side of the Atlantic. With five successful auctions recently completed, the company is showing no signs of slowing down regardless of how long Coronavirus restrictions stay in place.
According to an April 15, 2020 “Chicago Booth Review” report (https://review.chicagobooth.edu/economics/2020/video/how-has-covid-19-affected-businesses), “business leaders surveyed in March predicted a severe drop in sales—a decline that only grew for those surveyed later in the month.” Early on in the COVID-19 pandemic, “The activity-weighted average answer that came back was about minus 6 percent.” But in the second week, those projections plummeted to “more like close to a 12 percent negative sales hit.”
In the midst of all of this, Chicago-area Aaron Equipment Company stayed the course and successfully completed five auctions. The company remains strong as the pandemic restrictions are starting to ease in the Chicago metropolitan region. How did Aaron Equipment accomplish this success while so many other businesses struggled? As the “Chicago Booth Review” pointed out, “The technologies and shopping platforms that have enabled social distancing will likely continue to play a newly significant role even after the outbreak has abated, while businesses that rely on travel and in-person interactions could be facing a prolonged dip in demand.”
“One thing we really had going for us,” explains Aaron’s spokesperson, “is that we already had a robust online auction platform in place long before the virus broke out. That functionality enabled us to operate more or less business as usual when the COVID-19 restrictions came down.”
In fact, Aaron Equipment Company was able to conduct sales operations from its Illinois base not only throughout the United States, but also across the Atlantic Ocean. The five auctions Aaron Equipment has completed since the pandemic began include full plant and facility liquidations as well as machinery and equipment downsizings on the west coast and the United Kingdom. In spite of world conditions, Aaron was able to accomplish all of these sales to its customers’ great satisfaction.
In the states, Aaron successfully helped liquidate surplus equipment of a biofuels-ethanol pilot plant, a microbrewery, and two top-tier plastics recycling facilities clearing out dozens of specialized pieces of equipment and machinery. Meanwhile, in the UK, Aaron Equipment Company was instrumental in the sale of equipment for a candy manufacturing plant.
Businessowners who are looking to liquidate their facility or sell their surplus machinery can learn more about how Aaron Equipment Company can assist them in receiving top dollar under any global circumstances online at https://www.aaronequipment.com/. For more information on how to liquidate an entire plant or just a few pieces of equipment, contact Bennett Cohen at (630) 350-2200.