Industry trends 2023 from L to O

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Logistics industry trends 2023

There are several trends currently shaping the logistics industry:

  1. E-commerce and the rise of last-mile delivery: The growth of online shopping has led to an increase in the demand for last-mile delivery services, which refers to the final leg of the delivery process that brings packages to customers’ doorsteps. This trend has led to the development of new technologies such as autonomous vehicles and drones, as well as the expansion of services such as curbside pickup and locker delivery.
  2. Sustainability and environmental responsibility: Many logistics companies are focusing on reducing their carbon footprint and improving the environmental sustainability of their operations. This includes initiatives such as optimizing routes to reduce fuel consumption, using electric vehicles, and incorporating recycling and waste reduction programs.
  3. Supply chain visibility and transparency: The COVID-19 pandemic has highlighted the importance of having visibility into the entire supply chain in order to better manage disruptions and risks. As a result, there is a trend towards greater transparency and the use of technologies such as blockchain and RFID (radio-frequency identification) to track and monitor the movement of goods.
  4. Artificial intelligence and automation: The use of AI and automation is becoming increasingly prevalent in logistics, particularly for tasks such as route planning, warehouse management, and predictive maintenance.
  5. Outsourcing and third-party logistics: Many companies are opting to outsource their logistics functions to third-party providers in order to gain access to specialized expertise and economies of scale. This trend has contributed to the growth of the third-party logistics (3PL) industry.

Legal industry trends 2023

There are several trends that have been shaping the legal industry in recent years. Some of the most significant ones include:

  1. Technology: Legal technology has been revolutionizing the way law firms operate and deliver services to clients. This includes the use of legal practice management software, document automation, and e-discovery tools.
  2. Alternative legal services: The rise of alternative legal service providers, such as legal process outsourcers and virtual law firms, has disrupted the traditional model of legal practice and increased competition in the industry.
  3. Globalization: The legal industry has become increasingly globalized, with law firms and in-house legal departments operating across borders and engaging in cross-border legal transactions.
  4. Increased regulation: The legal industry is subject to a range of regulatory requirements, which have become more complex and burdensome in recent years. This has led to a greater focus on compliance and risk management within the industry.
  5. Changes in legal education: The legal education system has also undergone significant changes in recent years, with a shift towards more practical and experiential learning opportunities.

Leisure industry trends 2023

The leisure industry has undergone significant changes in recent years due to shifts in consumer preferences and the impact of technology. Some trends that have emerged in the leisure industry include:

  1. The rise of experiential tourism: Many travelers are seeking out unique, immersive experiences rather than traditional sightseeing. This has led to the growth of activities like culinary tourism, adventure travel, and cultural exchange programs.
  2. The growth of online booking: The proliferation of websites and mobile apps has made it easier for people to book leisure activities, such as tours and tickets to events, online. This has also made it easier for consumers to comparison shop and find deals.
  3. The increasing popularity of fitness and wellness activities: As people become more health-conscious, there has been a rise in demand for fitness and wellness activities such as yoga, meditation, and outdoor adventure sports.
  4. The growing trend towards sustainability: Many consumers are seeking out leisure activities that are environmentally and socially responsible. This has led to the growth of eco-tourism and other sustainable leisure activities.
  5. The rise of virtual and augmented reality: Virtual and augmented reality technology is being used to create new, immersive leisure experiences, such as virtual reality theme parks and interactive museum exhibits.

Learning industry trends 2023

There are several trends that have been shaping the learning industry in recent years. Some of the most significant ones include:

  1. Technology: The use of technology in education has been increasing rapidly, with the widespread adoption of online learning platforms, educational software, and mobile apps. This trend has been accelerated by the COVID-19 pandemic, which has forced many schools and universities to shift to remote learning.
  2. Personalization: There has been a growing focus on personalized learning, which involves tailoring education to the individual needs and learning styles of students. This can be achieved through the use of adaptive learning software, which adjusts the content and difficulty of material based on student performance.
  3. Gamification: The use of game-based elements, such as points, badges, and leaderboards, in education has been growing in popularity. This can help to increase student engagement and motivation.
  4. Blended learning: Many schools and universities are now adopting blended learning models, which combine online and face-to-face instruction. This allows for greater flexibility and customization of the learning experience.
  5. Increased demand for skills-based education: There has been a growing demand for education that focuses on developing specific skills and competencies, rather than just imparting knowledge. This includes vocational and technical education, as well as programs that teach specific skills such as coding or data analysis.

Leasing industry trends 2023

The leasing industry has evolved significantly in recent years due to changes in technology and shifts in consumer preferences. Some trends that have emerged in the leasing industry include:

  1. The growth of online leasing platforms: The proliferation of websites and mobile apps has made it easier for people to find and compare lease options online. This has also made it easier for consumers to negotiate and finalize leases remotely.
  2. The increasing popularity of flexible leasing options: Many consumers are seeking out flexible leasing options, such as month-to-month leases or short-term rentals, in order to have more control over their living arrangements.
  3. The rise of co-living spaces: Co-living spaces, which offer shared living arrangements and common areas, have become increasingly popular as a way to save money and meet new people.
  4. The growth of the sharing economy: The rise of the sharing economy has led to the growth of platforms that allow people to lease out their homes, cars, and other assets on a short-term basis.
  5. The increasing focus on sustainability: Many consumers are seeking out leasing options that are environmentally and socially responsible, leading to the growth of sustainable leasing options such as energy-efficient homes and electric vehicle rentals.

Luxury industry trends 2023

There are several trends that have been shaping the luxury industry in recent years. Some of the most significant ones include:

  1. Sustainability: There has been a growing focus on sustainability in the luxury industry, with consumers becoming more conscious of the environmental and social impacts of the products they buy. This has led to an increase in the use of sustainable materials and the adoption of more eco-friendly production processes.
  2. Experience over ownership: There has been a shift away from the traditional model of luxury, which was centered on the ownership of tangible goods, towards a focus on experiences and services. This includes the growth of the sharing economy, with companies offering luxury products and services on a subscription or pay-per-use basis.
  3. Digital transformation: The luxury industry has been slow to embrace digital technologies, but this is changing as consumers increasingly expect a seamless online experience. This includes the use of social media, e-commerce, and virtual reality to engage with customers.
  4. Personalization: There is a growing trend towards personalized luxury, with companies offering bespoke products and services tailored to individual customers. This can involve customizing the design of a product or creating personalized experiences for customers.
  5. Cultural exchange: The luxury industry is becoming more global, with a greater exchange of ideas and influences between different cultures. This is reflected in the increasing diversity of the industry, both in terms of the people working in it and the customers it serves.

Lumber industry trends 2023

The lumber industry is subject to fluctuations in demand and prices, which are influenced by a number of factors including construction activity, housing starts, and global economic conditions. Some trends that have emerged in the lumber industry include:

  1. The impact of the COVID-19 pandemic: The COVID-19 pandemic has had a significant impact on the lumber industry, with demand for lumber increasing as people spent more time at home and undertook home renovation projects. This led to a surge in lumber prices in 2020.
  2. The growing demand for wood products: The increasing demand for wood products, including lumber, paper, and other wood-based products, is being driven by global population growth and urbanization.
  3. The use of technology in lumber production: The lumber industry is becoming increasingly reliant on technology, including the use of computer-controlled sawmills and precision cutting systems.
  4. The increasing focus on sustainability: Many companies in the lumber industry are adopting sustainable practices, such as the use of certified wood sources and the development of new, environmentally friendly products.
  5. The impact of global trade: The lumber industry is subject to global trade dynamics, with changes in tariffs and trade agreements impacting the price and availability of lumber products.

Luggage industry trends 2023

The luggage industry has been impacted by a number of trends in recent years, including changes in consumer preferences and the impact of technology. Some trends that have emerged in the luggage industry include:

  1. The rise of online shopping: The proliferation of websites and mobile apps has made it easier for people to shop for luggage online, leading to the growth of e-commerce in the luggage industry.
  2. The increasing popularity of lightweight luggage: Many travelers are seeking out lightweight luggage in order to avoid fees for overweight bags and to make it easier to move around. This has led to the development of luggage made from lightweight materials such as polycarbonate and nylon.
  3. The growing trend towards sustainability: Consumers are increasingly seeking out environmentally-friendly luggage options, leading to the growth of luggage made from recycled materials and produced using sustainable manufacturing practices.
  4. The rise of smart luggage: Many luggage manufacturers are incorporating technology into their products, such as built-in USB chargers, GPS tracking, and RFID-blocking pockets.
  5. The impact of the COVID-19 pandemic: The COVID-19 pandemic has had a significant impact on the luggage industry, with travel restrictions and changing consumer behavior leading to a decline in demand for luggage.

Lubricant industry trends 2023

There are several trends that have been shaping the lubricant industry in recent years. Some of the most significant ones include:

  1. Sustainability: There has been a growing focus on sustainability in the lubricant industry, with an increasing emphasis on the use of renewable and biodegradable materials. This is driven by concerns about the environmental impacts of traditional lubricants, such as the disposal of used oil.
  2. Technological advancements: The lubricant industry is constantly evolving as new technologies and materials are developed. This includes the use of nanotechnology to create lubricants with improved performance, as well as the development of bio-based lubricants made from renewable resources.
  3. Consolidation: There has been a trend towards consolidation in the lubricant industry, with larger companies acquiring smaller ones or entering into strategic partnerships. This is driven by a desire to increase efficiency and tap into new markets.
  4. Increased regulation: The lubricant industry is subject to a range of regulatory requirements, which have become more complex in recent years. This has led to a greater focus on compliance and risk management within the industry.
  5. Globalization: The lubricant industry is increasingly globalized, with companies operating in multiple countries and engaging in cross-border trade. This has led to increased competition and the need for companies to adapt to different regulatory environments.

Labour market trends 2023

There are several trends that have emerged in the labor market in recent years, including:

  1. The rise of remote work: The COVID-19 pandemic has accelerated the trend towards remote work, with many companies shifting to remote or hybrid work models. This has led to changes in how work is organized and managed, as well as how employees are compensated.
  2. The increasing use of automation and artificial intelligence: The adoption of automation and artificial intelligence (AI) is changing the nature of work and the skills that are in demand. Some jobs are being replaced by automation, while others are being transformed by the integration of AI and other digital technologies.
  3. The growing importance of digital skills: In the digital economy, workers with strong digital skills are in high demand. This includes skills such as coding, data analysis, and digital marketing.
  4. The changing nature of the gig economy: The gig economy, which refers to the growing number of people working in temporary or part-time positions, is changing the way work is organized and compensated. This trend has been fueled by the rise of platforms that facilitate the matching of workers with jobs on a temporary basis.
  5. The increasing focus on diversity and inclusion: Companies are increasingly recognizing the importance of diversity and inclusion in the workplace, and are implementing policies and practices to promote a more inclusive work environment.

Lighting industry trends 2023

There are several trends that have been shaping the lighting industry in recent years. Some of the most significant ones include:

  1. Energy efficiency: There has been a growing focus on energy efficiency in the lighting industry, with a move towards the use of LED and other energy-efficient technologies. This is driven by concerns about energy consumption and the need to reduce greenhouse gas emissions.
  2. Smart lighting: The proliferation of smart home technology has led to an increase in the development of smart lighting products, which can be controlled and programmed through a smartphone or voice assistant.
  3. Sustainability: There has been a growing focus on sustainability in the lighting industry, with an increasing emphasis on the use of renewable and biodegradable materials. This is driven by concerns about the environmental impacts of traditional lighting products.
  4. Lighting as a service: There has been a trend towards the use of lighting as a service, rather than as a product. This includes the use of subscription models or pay-per-use models, which allow customers to access lighting without the upfront cost of purchasing it.
  5. Increased customization: There is a growing trend towards increased customization in the lighting industry, with customers looking for products that are tailored to their specific needs and preferences. This includes the use of customization software and the development of bespoke lighting products.

Lifestyle industry trends 2023

There are several trends that have been shaping the lifestyle industry in recent years. Some of the most significant ones include:

  1. Sustainability: There has been a growing focus on sustainability in the lifestyle industry, with consumers becoming more conscious of the environmental and social impacts of the products they buy. This has led to an increase in the use of sustainable materials and the adoption of more eco-friendly production processes.
  2. Health and wellness: The health and wellness trend has been driving the growth of the lifestyle industry, with an increasing focus on products and services that promote healthy living. This includes the growth of the fitness, nutrition, and natural beauty sectors.
  3. Experience over ownership: There has been a shift away from the traditional model of consumption, which was centered on the ownership of tangible goods, towards a focus on experiences and services. This includes the growth of the sharing economy, with companies offering products and services on a subscription or pay-per-use basis.
  4. Personalization: There is a growing trend towards personalized products and services in the lifestyle industry, with companies offering bespoke products and services tailored to individual customers. This can involve customizing the design of a product or creating personalized experiences for customers.
  5. Digital transformation: The lifestyle industry is undergoing a digital transformation, with an increasing reliance on e-commerce and social media to reach and engage with customers. This includes the use of virtual and augmented reality to enhance the customer experience.

Medtech industry trends 2023

There are several key trends currently shaping the medtech industry. These include:

  1. Digital health: The use of technology to improve healthcare delivery and outcomes is a major trend in the medtech industry. This includes the development of wearable devices, telemedicine platforms, and electronic health records.
  2. Personalized medicine: Advances in genomics and other technologies are enabling the development of personalized treatment plans that are tailored to the specific needs of individual patients.
  3. Value-based care: The shift towards value-based care models, which focus on outcomes rather than the volume of care provided, is driving the development of more cost-effective and efficient medical technologies.
  4. Artificial intelligence and machine learning: The use of AI and machine learning in the medtech industry is increasing, with applications ranging from drug discovery to diagnosis and treatment planning.
  5. Clinical trial innovation: The medtech industry is also seeing an increase in the use of innovative clinical trial designs, such as adaptive clinical trials and real-world evidence studies, to more efficiently and effectively bring new technologies to market.
  6. Cybersecurity: With the increasing reliance on technology in healthcare, cybersecurity is becoming a major concern in the medtech industry. Companies are investing in measures to protect against cyber threats and ensure the security of sensitive patient data.

MRO industry trends 2023

MRO, or maintenance, repair, and operations, refers to the maintenance and repair activities necessary to keep a facility or equipment running smoothly. MRO can include a wide range of activities, from routine maintenance and repairs to more complex overhauls and upgrades.

There are several trends currently shaping the MRO industry:

  1. Digitalization: MRO is increasingly being digitalized, with the use of computerized maintenance management systems (CMMS) and other digital tools to track and manage maintenance activities. This allows for more efficient scheduling and tracking of maintenance tasks, as well as better data analysis to identify and prevent future problems.
  2. Predictive maintenance: Predictive maintenance uses data and analytics to identify potential problems before they occur, allowing for proactive maintenance rather than reactive repairs. This can help reduce downtime and extend the lifespan of equipment.
  3. Sustainability: Sustainability is becoming a more important consideration in MRO, with an emphasis on using environmentally friendly products and practices, and reducing waste and energy consumption.
  4. Outsourcing: Many companies are choosing to outsource their MRO activities to specialized service providers, allowing them to focus on their core competencies and reduce costs.
  5. Technological advancements: Advances in technology are also impacting the MRO industry, with the use of robotics, 3D printing, and other technologies to improve efficiency and reduce the need for manual labor.

Medical industry trends 2023

There are several key trends currently shaping the medical industry:

  1. Telemedicine: The COVID-19 pandemic has accelerated the adoption of telemedicine, which allows patients to connect with healthcare providers remotely using phone or video calls. Telemedicine has the potential to increase access to care, particularly in underserved areas.
  2. Personalized medicine: Advances in genomics and other technologies are enabling the development of personalized treatment plans that are tailored to the specific needs of individual patients.
  3. Value-based care: The shift towards value-based care models, which focus on outcomes rather than the volume of care provided, is driving the development of more cost-effective and efficient medical technologies.
  4. Artificial intelligence and machine learning: The use of AI and machine learning in the medical industry is increasing, with applications ranging from drug discovery to diagnosis and treatment planning.
  5. Clinical trial innovation: The medical industry is also seeing an increase in the use of innovative clinical trial designs, such as adaptive clinical trials and real-world evidence studies, to more efficiently and effectively bring new technologies to market.
  6. Cybersecurity: With the increasing reliance on technology in healthcare, cybersecurity is becoming a major concern in the medical industry. Companies are investing in measures to protect against cyber threats and ensure the security of sensitive patient data.

Medical devices industry trends 2023

The medical device market is constantly evolving, and there are several trends currently shaping the industry:

  1. Increasing demand for home healthcare: The COVID-19 pandemic has highlighted the need for effective home healthcare solutions, and there is a growing demand for medical devices that can be used at home, such as remote monitoring devices and telemedicine technologies.
  2. Technological advancements: Advances in technology are driving the development of new and improved medical devices, such as wearable devices and smart devices that can monitor and track patient health data.
  3. Personalization: There is a trend towards personalized medical devices, with an emphasis on developing devices that are tailored to the individual needs and preferences of patients.
  4. Sustainability: Sustainability is becoming a more important consideration in the medical device industry, with a focus on using eco-friendly materials and practices, and reducing waste and energy consumption.
  5. Increased regulation: The medical device market is heavily regulated, and there is a trend towards increased regulation and oversight to ensure the safety and effectiveness of these products.
  6. Growing market: The global medical device market is expected to continue growing in the coming years, driven by factors such as an aging population, increasing prevalence of chronic diseases, and the expansion of healthcare systems in developing countries.

Mining industry trends 2023

The mining industry is facing a number of challenges and trends that are shaping the way it operates:

  1. Sustainability: There is an increasing focus on sustainability in the mining industry, with a focus on reducing the environmental impact of mining operations and increasing the use of renewable energy.
  2. Technological advancements: The mining industry is embracing technology and innovation, with the use of automation, robotics, and data analytics to improve efficiency and safety.
  3. Increased regulation: The mining industry is subject to stringent regulation, and there is a trend towards increased regulation to ensure the safety and environmental impact of mining operations.
  4. Consolidation: The mining industry is becoming more consolidated, with larger companies acquiring smaller ones in order to increase their scale and reduce costs.
  5. Increased demand for electric vehicles: The growing demand for electric vehicles is driving an increase in the demand for metals such as copper and lithium, which are used in the production of electric vehicle batteries.
  6. Decentralization: There is a trend towards decentralization in the mining industry, with the use of small-scale, decentralized mining operations that are closer to the end users of the minerals being mined.

Music industry trends 2023

There are several key trends currently shaping the music industry:

  1. Streaming: The growth of streaming services such as Spotify, Apple Music, and Pandora has had a significant impact on the music industry, with streaming now accounting for the majority of music industry revenue.
  2. Music festivals: Music festivals, which bring together a variety of artists for large-scale concerts, have become increasingly popular in recent years.
  3. Live events: The live music industry has continued to thrive, with artists touring and performing at concerts and other live events.
  4. Social media: Social media platforms such as Instagram, Twitter, and TikTok have become important tools for artists to connect with and promote their music to fans.
  5. Independent artists: The rise of streaming and other digital platforms has made it easier for independent artists to release and promote their music, leading to an increase in the number of independent artists in the industry.
  6. Music education: The demand for music education, including private lessons and music schools, has continued to grow, with more people seeking out opportunities to learn and improve their musical skills.

Mobile phone industry trends 2023

The mobile phone industry is constantly evolving, and there are several trends currently shaping the market:

  1. 5G: The deployment of 5G networks is a major trend in the mobile phone industry, with the rollout of 5G expected to drive the development of new technologies and applications.
  2. Foldable phones: Foldable phones, which can transform from a smartphone into a tablet, are a growing trend in the mobile phone market.
  3. Artificial intelligence and machine learning: Mobile phones are increasingly using artificial intelligence and machine learning to improve user experience and offer new features and functionality.
  4. Internet of Things (IoT): The Internet of Things (IoT) is transforming the mobile phone industry, with the integration of IoT technologies enabling new applications and services.
  5. Augmented and virtual reality: Mobile phones are also being used to deliver augmented and virtual reality experiences, with the use of these technologies expected to increase in the coming years.
  6. Increased competition: The mobile phone market is highly competitive, with a large number of companies vying for market share. This is likely to lead to further innovation and the introduction of new technologies and features.

Microfinance industry trends 2023

There are several key trends currently shaping the microfinance market:

  1. Digitalization: The use of digital technologies, such as mobile banking and online lending platforms, is increasing in the microfinance industry. These technologies can make it easier for microfinance institutions to reach and serve clients, particularly in underserved areas.
  2. Partnerships: Many microfinance institutions are forming partnerships with other organizations, such as banks and technology companies, to expand their reach and access to resources.
  3. Sustainability: There is a growing focus on sustainability in the microfinance industry, with an emphasis on providing financial services in a way that is socially and environmentally responsible.
  4. Financial inclusion: The goal of increasing financial inclusion, or the ability of individuals and businesses to access financial services, is a major trend in the microfinance industry. This includes efforts to reach underserved populations, such as women and low-income communities.
  5. Regulation: The microfinance industry is subject to various regulations, which can vary by country. There is ongoing debate about the appropriate level of regulation for the industry, with some arguing that too much regulation can stifle innovation and others arguing that it is necessary to protect consumers.
  6. Impact investing: There is increasing interest in using microfinance as a tool for impact investing, or investing with the goal of generating positive social or environmental impacts as well as financial returns.

Marketing industry trends 2023

There are several key trends currently shaping the marketing industry:

  1. Personalization: The use of data and technology to deliver personalized experiences to customers is a major trend in the marketing industry. This includes the use of targeted advertising, customized emails and messaging, and personalized recommendations.
  2. Content marketing: Creating and distributing valuable, relevant, and consistent content to attract and retain a clearly defined audience is a key trend in the marketing industry.
  3. Social media marketing: Social media platforms such as Facebook, Instagram, and Twitter are widely used for marketing purposes, with companies using these platforms to connect with and engage customers.
  4. Influencer marketing: Partnering with influencers, or individuals with a large following on social media or other platforms, to promote products or services is a trend in the marketing industry.
  5. Interactive marketing: The use of interactive elements, such as polls and quizzes, to engage and interact with customers is becoming increasingly popular in the marketing industry.
  6. Video marketing: Video is a powerful marketing tool, and the use of video in marketing campaigns is on the rise. This includes the use of video on social media, as well as video advertising on traditional platforms such as television and online.

Manufacturing industry trends 2023

There are several trends currently shaping the manufacturing industry:

  1. Industry 4.0: This refers to the use of advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, to optimize and automate manufacturing processes. Industry 4.0 technologies can help manufacturers improve efficiency, reduce costs, and increase productivity.
  2. Sustainability: As consumers become more environmentally conscious, manufacturers are increasingly focusing on sustainability in their operations. This includes reducing waste and energy consumption, using eco-friendly materials, and adopting circular economy principles.
  3. Supply chain resilience: The COVID-19 pandemic has highlighted the importance of having resilient supply chains that can adapt to changing circumstances. Manufacturers are looking for ways to diversify their supply chains and reduce their reliance on any one supplier or region.
  4. Skilled labor shortages: Many manufacturing companies are struggling to find qualified workers to fill open positions. This is leading to a focus on training and development programs to build a skilled workforce.
  5. Increasing use of robotics: Automation is becoming more prevalent in manufacturing, with the use of robots to handle tasks such as assembly, welding, and painting. This trend is expected to continue as robotics technology improves and becomes more affordable.

MLM industry trends 2023

Multi-level marketing (MLM) is a business model in which individuals, known as distributors or consultants, sell products or services and also recruit other individuals to join the company as distributors or consultants. MLM companies typically use a pyramid structure, in which the individuals at the top of the pyramid earn a percentage of the sales made by those below them.

There are several key trends currently shaping the MLM industry:

  1. Digital marketing: The use of digital marketing tools, such as social media and email marketing, is increasing in the MLM industry. This allows distributors to reach a wider audience and make sales more efficiently.
  2. Personal branding: Many MLM distributors are focusing on personal branding and building their own online presence, rather than relying solely on the marketing efforts of the company.
  3. Social selling: The use of social media and other online platforms to sell products and recruit new distributors is a trend in the MLM industry.
  4. Virtual events: The use of virtual events, such as webinars and online workshops, is increasing in the MLM industry. This allows distributors to reach a wider audience and connect with potential customers and recruits remotely.
  5. Sustainability: Some MLM companies are focusing on sustainability and promoting eco-friendly products, which can be a differentiator in the market.
  6. Regulation: The MLM industry is subject to various regulations, which can vary by country. There is ongoing debate about the appropriate level of regulation for the industry, with some arguing that it is necessary to protect consumers and others arguing that it is overly burdensome.

M industry trends 2023

M industry trends 2023

SubProfit. Industry trends 2023. The Most Profitable Niches for 2023. Business Trends to Watch Out for in 2023