The lingering effects of the pandemic coupled with a struggling economy have caused the hotel industry to experience significant losses — $111.8 billion in revenue from room sales during the period ranging from 2020 to 2021. While business travel is predicted to remain down for most of this year, leisure travelers will pick up some of the slack, helping to nudge the industry toward recovery.
Healthcare was one of the hardest hit industries during the coronavirus pandemic and is now struggling under the burden of a weak economy. Escalating expenses, declining revenues, and staffing issues continue to plague providers, making it difficult to create environments that deliver high quality care and better health outcomes.
After the supply chain disruptions and health implications of the pandemic, 2022 was targeted as a year of growth for the architectural, engineering, and construction (AEC) industries. In part, this was due to a federal infrastructure spending bill under the Infrastructure Investment and Jobs Act. However, the continued impacts of labor shortages, overpriced materials, and ongoing supply disruptions are set to interrupt the growth pattern.
As the print industry struggles to recover from the perfect storm of disruption from the pandemic and a shaky economy, print businesses looking to thrive in 2023 will be using innovation to strengthen their market position.
Manufacturers and others in wholesale/distribution/logistics arena have seen evidence that supply chains are becoming a prime target for hackers. In fact, experts predict that by 2025, almost half of worldwide organizations will have been attacked through their software supply chains — an increase of more than 300% since 2021.
The coronavirus pandemic — and the current onslaught of viruses — has had a definite impact on the housing market and on the way consumers view real estate transactions. To keep pace with health and safety recommendations, many real estate teams moved from real-time to virtual viewings and closings. This shift made the buying and selling of homes more efficient for all parties, so many of these processes are here to stay.
Smart businesses have strategies in place to control costs and stick to a budget that helps improve bottom line health. However, many companies overlook the opportunities to reduce printing costs — a mistake that can eat into bottom line savings and also impair the productivity and efficiency of your workflows, further impacting profitability.
As K-12 education organizations have moved through the recent pandemic, they have introduced a radical — and effective — new way of bringing value-added learning to their students. Now, students can get access to high quality education, even if they are not physically present in the classroom, thanks to the innovative technologies that help make interactive education a reality.
Art museums — and museums in general — are experiencing a drastic decrease in attendance since the onset of the pandemic. Even extremely popular museums such as the Musée du Louvre saw almost three-quarter fewer guests in 2020. In response, many museums are looking for new and creative way to use technology to engage their audiences — and draw them back into their doors.
While the veterinary industry experienced another challenging year, the outlook for this year is still positive — even though many clinics are suffering inflationary impacts and staff shortages. Fortunately, some of the COVID- specific operations are diminishing, with many veterinary practices discontinuing their curbside or drop-off services. With less than a third of appointments requiring curbside services, veterinary staff can focus more on customer satisfaction, while reducing the number of activities for which they are responsible.