Business Trends To Watch in 2023

Here's what we see on the horizon for 2023.

Tuesday, May 16, 2023 at 11:52 AM ET

Verified

There are four themes that will capture our focus in 2023, and in many ways, they are continuations of trends that stretch back for years. [Credit: Jim Barrett]

Key Takeaways:

The business and general aviation industry faces an urgent need for widespread adoption of Safety Management Systems (SMS) with new FAA mandates for various operators expected soon.
Accelerating sustainability initiatives, particularly the production and use of Sustainable Aviation Fuel (SAF), is a key priority, bolstered by tax credits and federal goals to achieve net-zero emissions by 2050.
The industry continues to struggle with a significant workforce challenge across all sectors, requiring creative recruitment strategies focused on flexibility to attract and retain talent.
Innovation in emerging aerial mobility and future aviation technologies must demonstrate tangible progress toward certification to secure investment and avoid consolidation amidst a tightening economy.

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If 2022 represented the return to normal, how would you describe the year ahead? I can think of four themes that will capture our focus this year. In many ways, they are continuations of trends that stretch back for years. However, with business and general aviation’s accelerated growth over the last three years, these things are now more urgent.

This Article First Appeared in FLYING Magazine

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