This year seemed to flow by, and it was one where a lot of businesses adapted to the “new normal” and living with the pandemic.

No doubt 2023 will be challenging as we contend with economic uncertainty, the continued impacts of the pandemic, the war in Ukraine as well as continued digital transformation.

We believe these trends will have an impact on the way we work and do business in 2023:

• Resilience – being able to adapt to disruptions while maintaining continuous business operations and safeguarding people.
• Economic downturn - while a recession is not a certainty, building resilient operations, eliminating, or reducing costs and improving efficiency in your business will continue to be necessary.
• The talent challenge – people are placing happiness and mental health as a priority.Culture and flexibility remain critical in employee retention.
• Sustainability – business and consumers will increasingly prioritise transactions with suppliers that share their values. Companies will need to provide tangible evidence that they are making real steps towards sustainability.
• Authenticity – people are seeking more meaningful connections, staying true to who you are and what you do will help build your brand and customer experience.
• Data protection – data is the key to understanding customers, developing better products and services and ensuring you are putting resources in the right places.More focus will need to be placed on ensuring that data remains safe and secure.

Power Tynan is here to help you as your support network and business advisors. Contact the team and get ready for 2023 and all that it will have in store.

We wish you all and your loved ones a Merry Christmas and a safe and Happy New Year and look forward to working with you in 2023.