The Global Risks Report 2023, developed in collaboration with Marsh McLennan and Zurich Insurance Group, is part of the World Economic Forum’s Global Risks Initiative. The report details major risks the world will be facing in the coming years.
IMF Forecast: Global Recession in 2023
The International Monetary Fund (IMF) cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates, warning that conditions could worsen significantly next year.
“For many people, 2023 will feel like a recession,” said IMF Research Development Director Pierre-Olivier Gourinchas.
The latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year, marking a sobering start to the first in-person IMF and World Bank annual meetings in three years. The IMF said global GDP growth next year will slow to 2.7 per cent, compared to a 2.9 per cent forecast in July, as higher interest rates slow the U.S. economy, Europe struggles with spiking gas prices and China contends with continued COVID-19 lockdowns and a weakening property sector.
ProMat 2023: Experience the Ultimate Supply Chain Bliss
As the material handling and logistics industry’s premier global event, ProMat brings manufacturing and supply chain solution providers and buyers together to learn, engage and connect. From next generation technology to exciting new efficiencies, the future will be within reach at ProMat 2023, along with attendees that control $65 billion of purchasing power and tell us year-after-year that their number one reason for attending is to see what’s new and what’s next.
On March 20-23, manufacturing and supply chain professionals will have an unrivaled face-to-face opportunity to network, learn, share, and get a sneak preview of where our industry is headed.
Show-off Your Latest Solutions
If you have something new to share, ProMat is the place to show the world. ProMat attendees want to see what the future of the industry looks like, as do the distributors, reporters, editors and trade press publishers who come to this premier event. There’s no better time to introduce new solutions and services to market than when you’re face to face with a captive audience of manufacturing and supply chain professionals strong.
Translate Global Exposure into Global Sales
Your space at ProMat opens a whole new set of international doors. We target business prospects from more than 145 countries through our comprehensive, globally-minded marketing plan and website. The International Visitors Center even offers interpreters to help you turn international prospects into new customers.
Top of Mind Means an Improved Bottom Line
Now’s the time for your brand to break from the pack and make a big impression. The global supply chain is evolving, and it’s imperative that customers regard you as a solutions provider operating on the leading edge of the industry. Exhibiting at ProMat puts your business in front of buyers at the biggest event of its kind in North and South America.
Make a Deal With a New Business Partner
New customers and sales leads are only half of the ProMat story. There’s also the potential to meet possible business partners and product developers. There’s no better place to connect with other exhibitors and network with new distributors and channel partners looking to switch up existing product lines.
ProMat 2023 gives you a hands-on look at the future of manufacturing and supply chain. Now more than ever, you’re looking for greater efficiency, reliability, and resiliency for your operations — ProMat is the place to find more of these solutions.
So whatever solutions you need to move your business forward, you’ll find them all at ProMat 2023, at McCormick Place in Chicago.
Register today at promatshow.com
New Registration Open for WOC 2023 in Las Vegas
Part knowledge, part equipment, part connections—World of Concrete is 100% of what you need to keep grinding it out through disruptions to the supply chain, safety and beyond. Get your hands on advanced technology and machinery, access the newest training and techniques in concrete and masonry, and build momentum for another unstoppable year.
Original equipment manufacturers from around the world and exclusive U.S. distributors of equipment, tools, products and services for the commercial construction, concrete and masonry industries. WOC attracts approximately 1,500 exhibiting companies and occupies more than 700,000 square feet of indoor and outdoor exhibit space.
More than 60,000 industry professionals from all around the world, representing all segments of the construction industry: Commercial Contractors, Concrete Contractors, Concrete Pumpers, Construction Managers, Dealers/Distributors, Decorative Concrete Contractors, Designers and Specifiers, General Contractors, Block/Segmental Unit Producers Masonry Contractors, Architects, Engineers, Block Producers, Ready Mix Producers, Rental Equipment Centers, Repair Contractors, Residential Contractors, Specialty Concrete Contractors, Precast, Pipe and Block Producers, Precast/Prestressed Producers, and more.
WOC 2023, will be held Jan. 17-19 (Education, Jan. 16-19) at the Las Vegas Convention Center. There is no onsite registration. All attendees must register online, before coming to the show to receive a printed badge onsite. Confirmation letters will contain a barcode to easily print out your badge once you arrive onsite.
Register now for World of Concrete 2023
UN Report: Development Prospects in a Fractured World
The world is headed towards a global recession and prolonged stagnation unless we quickly change the current policy course of monetary and fiscal tightening in advanced economies, according to a new report from United Nations Conference on Trade and Development.
Supply-side shocks, waning consumer and investor confidence and the war in Ukraine have provoked a global slowdown and triggered inflationary pressures. All regions will be affected, but alarm bells are ringing most for developing countries, many of which are edging closer to debt default. Climate stress is intensifying, with mounting loss and damage in vulnerable countries who lack the fiscal space to deal with disasters, let alone invest in their own long-term development.
UNCTAD projects that world economic growth will slow to 2.5% in 2022 and drop to 2.2% in 2023. The global slowdown would leave real GDP still below its pre-pandemic trend, costing the world more than $17 trillion – close to 20% of the world’s income.
Read highlights from the report.
Travel Advisories for American Citizens
Before you travel, check for travel advisory and alerts for your destination. Be sure to read further country-specific details on the same page that could affect your travel, such as entry/exit requirements, local laws and customs, health conditions, transportation, and other relevant topics.
Access safety and security information at travel.state.gov.
IAEE Expo! Expo! Exhibition, Dec. 13-15
Expo! Expo! IAEE’s Annual Meeting and Exhibition brings the exhibitions ecosystem together for their mutual benefit through content, community and connections. The 2022 event will be held Dec 13-15, 2022, at the Louisville International Convention Center.
Content topics for 2022 include:
- Content Creation: Content geared towards the development, contribution and expansion of information through digital media to engage and inform your end-user/audience.
- Bridging Relationships: Content geared towards new approaches and collaborative ways of doing business that will identify, develop and grow business partnerships and relationships across all communities.
- Game Plan Moves: Content focused on the strategic and operational design and delivery of trade shows and events, utilizing cost-effective strategies to take your show to the next level.
- Grow Your Show: Content geared towards defining, branding, and growing your event through the discovery of new audience opportunities and the re-engagement of past audiences, both attendees and exhibitors, to drive attendee acquisition, engagement and loyalty.
- The Evolving Professional: Content designed to expand and strengthen one’s business acumen as well as personal skills and transform them into actionable insights that positively impact work and personal life.
Learn more or register online.
Slowing Growth and the Risk of Stagflation
Ayhan Kose, director of the World Bank’s Prospects Group, discusses how the war in Ukraine has compounded the damage left by the COVID-19 pandemic and magnified the slowdown in the global economy. The risk of stagflation is increasing with potentially harmful consequences for middle and low-income economies alike. Learn more from the latest edition of the Global Economic Prospects report, which projects that global growth will slump from 5.7 percent in 2021 to 2.9 percent in 2022.
Forum on Global Trade and the Digital Economy 
The U.S. Chamber of Commerce hosted its 2nd annual Global Forum on May 10 and 11, 2022. The forum focused on how government and business leaders can address global challenges
Myron Brilliant, executive vice president and head of international affairs for the U.S. Chamber, set the stage for the day’s programming. He summarized three major issues affecting the interconnected global economy, as well as some significant opportunities American businesses have to impact the global economy.
World Faces Growing Environmental, Political, and Social Risks
World leaders are failing to prepare for a new era of complex and often unpredictable risks to peace as profound environmental and security crises converge and intensify, according to a major report by the Stockholm International Peace Research Institute (SIPRI). The report, Environment of Peace: Security in a New Era of Risk, offers policymakers principles and recommendations for navigating this volatile future.