The automotive industry faced several challenges in 2022, including escalating interest rates, fears about a looming recession, and continuing supply chain disruptions. While auto sales are predicted to rebound somewhat in the coming year, auto dealerships will have to manage operations more efficiently in order to capture consumer trust and stand out from the competition. In particular, having the right inventory and providing incentives to buy will be critical. But so will customer service. And shortening the sales process helps to provide value and service while allowing your dealership to build a higher level of efficiency into business processes.
There is no denying that the media landscape is changing in response to the current pressures of the looming recession and the continuing impacts of the global pandemic. Market movements and industry changes are forcing creatives to find new and innovative ways to reach their target audiences. For marketing firms, the onus is on merging creativity with data driven knowledge in order to better serve customers.
To say the supply chain has been a bit of a mess lately is a bit of an understatement. Since the COVID pandemic, the supply chain has been extremely volatile, if not downright chaotic. While we can hope for things to improve sooner than later, we should all plan for disruptions and challenges to continue on over the next couple of years.
Commercial real estate deal volume is slowing with higher interest rates, and many deals are being paused or canceled. Document management can help smooth transactions to avoid unnecessary delays, thus increasing the chance of success in a shaky commercial real estate market.