• December 1, 2022

Disappointing Nowcasts For Upcoming Inflation Highlight Fed’s Concerns

U.S. Federal Reserve Chair Jerome Powell indicated that rate hikes may be ending in early 2023, but he still worries about inflation. Though we’ve seen encouraging inflation data for the month …

Student Loan Forgiveness To Remain Blocked, Says Supreme Court, As Justices Prepare To Consider Arguments

The Supreme Court on Thursday allowed a nationwide injunction blocking President Biden’s signature student loan forgiveness program to remain in place, while signalling that it will consider legal arguments regarding the …

CFDA Turns 60 With Sandbox Metaverse Exhibit, Bored Ape NFT Dress & More

To celebrate its sixtieth anniversary, The Council of Fashion Designers of America is making its metaverse debut with an exhibition in The Sandbox alongside a collection of commemorative NFTs. The seven …

In 2023, success will be a matter of focus. Our predictions for the year ahead reveal that as distractions and disruption sow fear, and even panic, smart business leaders will resist knee-jerk reactions and keep a laser focus on their organizations’ mission and strengths.

This will be a gear shift. Since 2020, organizations have had to rely on quick thinking and big swings to adapt to rapidly changing pandemic conditions, the ensuing shifts in customer behavior, and a perpetually snarled supply chain. 2023 will be different. It will be another year of uncertainty, but uncertainty of a different kind. Economic and geopolitical turmoil will cast a long shadow. Expect a series of daily disruptions (e.g., fuel shortages) and continued macroeconomic weariness. Business leaders will need the wherewithal to maintain focus on long-term revenue growth and customer loyalty.

Trust will be a major theme in 2023. Leaders will need to build trust with employees as labor unrest roils, with customers fed up with greenwashing and poor privacy practices, and with regulators who will increasingly crack down in response to this ire. The need to build trust amid increasing scrutiny makes it more critical than ever to stay true to your company’s values and strategic mission.

In 2023, smart business leaders will also get rid of any pandemic-era efforts that aren’t producing ROI. Leaders able to keep their eyes on the prize of sustainable revenue growth will emerge stronger on the other side and can take advantage of emerging opportunities in the meantime.

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Forrester’s predictions for 2023 are designed to help leaders navigate the choppy waters of the year to come.

Explore the guide on 12 big-impact predictions for the coming year here.

This post was written by Chief Research Officer Sharyn Leaver and it originally appeared here.

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