Every year, March means the beginning of spring in the Northern hemisphere. A time filled with the promise of things to come, with new beginnings and ideas blossoming. That’s pretty much what is happening right now at UFI, with things taking shape for the coming months.
As we have rolled into 2023, the big story for our industry is the re-opening of China. Gong hei fat choy (恭喜发财) indeed, and may the year of the rabbit be the one where we see China leave the pandemic behind. Our industry is ready for it, and if we use the recovery rates in the other major exhibition markets around the world as an indicator, then we can expect healthy business there again in a few months.
A lingering pandemic in China and elsewhere. War in Europe. Inflation rates not seen in a generation in major markets. Droughts, hurricanes, and record temperatures. It’s certainly not “business as usual” as we write the closing chapter for 2022. And 2023? Not all will be black and white, and economists are using endless types of grey in their outlooks for the next year.
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