Economic Climate

CF: How is the current economic climate influencing the industry?

ML: I think there’s uncertainty about growth projections and business projections. Pre COVID, a lot of companies could bank on a certain percentage of year-over-year growth if all things remained equal. The economy is now kind of up a day, down a day. There are talks of a recession. There’s also the great resignation. There are just so many uncertainties that executives, in my opinion, are in very much uncharted waters. And they’re doing their best to make guesses and make projections based on the data that they have. And a lot of them are bringing in analysts and third parties to help them. Ultimately, we don’t know what January looks like. We don’t even know what October is going to look like.