■ Predictions for 2023
Continued From Page 10 rates , swings in stock market valuations , discussions of a global recession , the Russia-Ukraine war , and inflation pressures will cause some to hesitate to make financial investments , businesses with a strong foundation and a long-term strategy will not only survive , but thrive .
Roscia Communications Chris Roscia President & CEO
I anticipate 2023 being another strong year for PR , corporate communications , and digital marketing agencies . While the economy may be waning , it means that nonprofits and for-profits alike will need to effectively tell their stories to achieve their goals . In 2023 at Rosica Communications , we will play to our team ’ s strengths and continue to focus on the nonprofit , education , and healthcare sectors – where we generate the most impact .
COMMUNITY SERVICE
YWCA Northern New Jersey Helen Archontou CEO
Nonprofits , like other sectors , continue to shift and change to meet the always changing needs of those they serve . Planning using adaptive models and fostering resiliency for staff have been key for YWCA Northern New Jersey to stay relevant and stay strong . Forward-thinking must be embraced to continue to have impact .
CONSULTING
Merritt Walsh Associates , LLC John Corcoran Managing Director
Serving the financial needs of the nonprofit world , excuses will dominate the conversations . Yet these organizations serve a need and profess a mission . The funding is out there . Working smarter with " impact-crafted " narratives will lead to success . There have always been challenges . Boards will suggest cutbacks in response to leadership excuses . Have confidence in your plan . Shout impact !
ENGINEERING
T & M Associates Gary Dahms President and CEO Vice Chair , NJ Chamber of Commerce
The multibillion-dollar federal investment in New Jersey ’ s transportation infrastructure is a huge opportunity , and because this money is already committed , our industry is fairly recession-proof . But due to the ‘ Great Resignation ,’ we must navigate ongoing challenges both for public agencies administering the funds , and private construction and engineering firms getting the work done . It will require patience , flexibility , and teamwork .
ENVIRONMENTAL BUSINESS
Baroan Technologies Guy Baroan President
The inflation rates , rising costs and supply chain delays will be a biggest challenges for our industry to overcome in 2023 . As more companies deal with the rising costs of their products and services , many will look for solutions that help them navigate these issues , some of those may be additional outsourcing or investments in automation to help reduce the impact that the rising costs are having on business overall .
Bayshore Family of Companies Valerie Montecalvo President and CEO
Potentially game-changing legislation affecting the recycling industry will be hotly debated with the “ Product Packaging Stewardship Act ” ( S464 ) and “ Truth in Labeling Bill ” ( S2145 ). The former would shift the economic burden from government to manufacturers to pay for the State ’ s recycling system . The latter would change product packaging sold in New Jersey to eliminate deceptive or misleading claims about recyclability .
EAI , Inc . Robert Carvalho PG , President and CEO
2023 will require careful navigation , the old adage of working 10 percent less and making 10 percent more each year has fallen by the way side . Cash flow will continue to be king . Careful customer screening and keeping a close watch on receivables and payables is paramount . Investing in people and marketing is called for in order to lead the pack .
Federal funds used to improve transportation infrastructure is proving to benefit many business sectors .
Photo : Getty Images / iStockphoto / FerreiraSilva
GEI Consultants , Inc . Ron Palmieri PE , President and CEO
For 2023 GEI anticipates strong ongoing demand for its site civil , geotechnical , and environmental permitting expertise , especially related to non-residential / commercial ( i . e ., warehouse ) redevelopment . In addition , we continue to support numerous private sector and governmental infrastructure-related projects driven by concerns over climate change and the need for community and business resiliency .
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