As a futurist specializing in the intersection of business and technology, it’s my job to look ahead and advise companies on how they can prepare for a rapidly changing world.
The 7 Biggest Business Challenges Every Company Is Facing In 2023
Here are the seven greatest challenges every company should be ready for in 2023:
1. Inflation and Economic Downturn
The headlines are already filled with talk of skyrocketing inflation, and that trend will likely continue in 2023. Many economies will stagnate or shrink, and businesses need to prepare for that reality.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, reported that the organization had downgraded its forecast for 2.9 percent global growth in 2023. The IMF cited rising risks of financial instability and recession.
Companies can face inflation by establishing end-to-end, actionable visibility of…