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 aviation sector is preparing for a new FAA mandate requiring widespread adoption of Safety Management Systems (SMS), aligning its safety standards more closely with commercial airlines.
Sustainability initiatives are being fast-tracked, with a major push for increased production and availability of Sustainable Aviation Fuel (SAF) supported by new tax credits and ambitious federal goals.
The industry continues to face a significant workforce challenge across all aviation sectors, necessitating creative recruitment and retention strategies focused on flexibility to attract and keep talent.
Innovation in emerging aerial mobility and future technologies needs to demonstrate tangible progress and achieve certification in a tightening economic climate to secure investment and prevent consolidation.

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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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