Brink’s witnesses higher usage of cash following the pandemic
The Brink’s Company’s (Brink’s) Chief Operating Officer (CEO) Doug Pertz revealed in 2021 that following the onset of the COVID-19 (coronavirus) pandemic, cash usage in the United States has increased despite many switching to digital currencies and transactions. In an interview on CNBC’s Mad Money, Pertz reported that Brink’s has processed 6% more cash through its system during the pandemic than it did in recent years. Suggesting that cash transactions are not going away anytime soon, Pertz additionally revealed that 35% of US brick-and-mortar purchases continue to be made through the use of cash.
Competition|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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