#AskPeshev 174: Up For A Challenge?

#AskPeshev 174: Up For A Challenge?

January 04, 2023

About 40% of adults and over 50% of young ones have New Year’s resolutions, but only 9% successfully keep such resolutions. In fact, 23% of these people are not able to hold theirs for more than a week 🤷‍♂️  I'm all for goal setting, but let's be real—New Year's resolutions are mostly wishful thinking.Would you like to take up a challenge?Go over the articles and stories featured in this newsletter that highlights the most significant trends and predictions, giving insights into how the year would turn out.Set one measurable goal (or two), then hit reply and share what you are committed to achieving by the end of the year. I am here to take up the challenge and grow with you. 🚀 Rooting for your success,Mario My Take Top 26 of My Most Recommended NewslettersI have been asked by many of my followers and business associates about my most recommended newsletters and every time, I take delight in sharing my list. Whenever I recommend, you are guaranteed that I only recommend what I read on a regular basis. After all, we cannot give what we do not have. 🙂Read more…

 Business Strategy 

  • DOW: 33,147 (-0.21%)

  • NASDAQ: 10,466 (-0.11%)

  • S&P: 3,839 (-0.25%)

*Economy numbers as of January 2nd*

Is your organization ready to turn uncertainty into opportunity? These predictions help you (re)imagine what your organization might need to prepare for. Heading into 2023, consider how Gartner predictions for some of the most critical areas of technology and business evolution in ensuing years can affect your thinking.Read more… Management 

  • Companies will need to focus on: Supply risk management

  • Companies will need to invest in: Transport & Logistics Management Tools and Data

*Statistics taken from S&P Global's "Supply Chain Annual Report 2022" Key findings & Immediate Priorities*

Tech Republic: Don’t Overlook Supply Chain Security In Your 2023 Security PlanSupply chain security concerns continue to grow. Does your company have a risk management strategy in place that addresses the possibility of a major supplier security failure? With cybercrime on the rise, many companies fall victim to viruses and malware that are passed to them by vendors and business partners.Read more… Recruitment 

  • Tech Companies with Layoffs 2022: 1013 

  • Employees Laid off 2022: 153,160

* Statistic taken from layoffs.fyi as of December 31st *HR Exchange Network: 10 HR Trends for 2023The new year is on the horizon, and everyone is predicting what 2023 HR trends to anticipate. Recently, HR Exchange Network posted a question on Terkel.io to discover what Human Resources and business leaders will be navigating, challenging, and experiencing in the year ahead. Here are the answers:Read more…

 Breaking News 🚨

  • Former Pope Benedict XVI, the first pontiff to resign in 600 years, dies at 95

  • Suspect in Times Square machete attack on New Year's Eve arrested and faces attempted murder charges

  • Tom Zhu, the CEO of Tesla Inc. in China, has been promoted to assume direct management of US assembly plants, as well as sales operations in North America and Europe

 Marketing 

  • Main reasons for supply chain failures: lack of high functioning platforms/technology, lack of visibility in operations

  •  Key priorities for resilience: Cost optimization & Visibility

*Statistics taken from S&P Global's "Supply Chain Annual Report 2022" Ability to meet challenges. Cost optimization - Spend Management, Category and Logistics Management. Visibility - Supply Risk Management*

Industry faces a year of uncertainty and potential in 2023 that can be encapsulated in three major trends: supply chain disruption, sustainability and workforce turnover. Each of these challenges is connected, and each offers an opportunity for innovation and transformation, especially considering advancements in digital technologies. Digitalization offers a foundation for companies to embrace exciting technologies: additive manufacturing, artificial intelligence and machine learning (AI/ML), augmented and virtual reality (AR/VR) and the industrial metaverse.

 Sales 

  • Unemployment Rate: 3.7%

  • Civilian Labor Force Participation Rate: 62.1%

  • Employment-Population Ratio: 59.9%

* Information taken from U.S. Bureau of Labor Statistics November 2022 *

In this guest article, Craig Riley, Chief of Research, Gartner for Sales Leaders Practice, discusses the trends that are most likely to affect Chief Sales Officers in 2023. After two years of disruption in the sales environment, many Chief Sales Officers (CSOs) are dealing with a burned-out workforce and growing pressure to meet revenue targets.

 Featured Story of the Week 

Heading into 2023, leaders and strategists are trying to sort out what the economic environment will look like. 🤖 The stock market is still down. 🤖 Layoff news for January are yet to come. 🤖 Inflation results per the latest Fed increases are pending. The investing space has changed. VCs are still equipped with cash to deploy, but the ROI isn't there yet. I've explored the most plausible predictions in my latest Entrepreneur Media article published last week. 📚 Here's the summary breakdown in the latest weekly deck. What's your prognosis about Q1 and 2023 as a whole?