They said it. We're reporting it. Sixteen industry forecasts lead the way into 2019.
Projection: The United States-Mexico-Canada Agreement, if ratified and functioning as intended, should be advantageous to the manufacturing industry.
Projection: Students are more deliberative and cautious in their selections of schooling. People will wait and see, because of uncertainty, which will lead to flat enrollments.
Projection: A lot of synergy is currently in place at the state government level that should continue fueling focus on workforce development as a high priority through the economic development and higher education departments’ initiatives.
Projection: Businesses will better leverage the data they collect. Artificial intelligence and machine learning will become more relevant than ever.
Projection: We’re seeing that side hustle, the gig economy. People are starting up that second job, that thing they really want to do, and it’s leading into full-time businesses.Projection:
Projection: Work is plentiful as Springfield grows, but funding needed for city projects to expand roadways remains in question.
Projection: As Springfield’s population becomes more diverse, following a national trend that “white” will be the minority by 2045, the community will value the inclusion of diversity by becoming more culturally conscious and compet
Projection: Donor fatigue continues to storm on nonprofits, calling for greater collaboration and more creative fundraising.
Projection: Missouri will make more strides in workforce development than it has the last two decades.
Projection: As the population ages, utilization of both outpatient services and inpatient care will continue to rise, as investment in telemedicine and virtual care will remain a key component in patient treatment.
Projection: An increasing interest rate environment will continue, as the economy remains fairly strong, and banks should continue to perform well from an income standpoint.
While most experts would agree that we’re not headed for a recession, we are headed for a market shift.Projection:
Projection: To combat low unemployment, businesses will have to connect with local universities to convince more graduates to stay in Springfield.
Projection: Work in the industrial and manufacturing sectors, along with student and multifamily housing, will pace the construction industry, while increasing competition will keep margins low.
Projection: Batteries will become more mainstream in storing renewable energy power, so even when the sun isn’t shining and the wind isn’t blowing, there will be less reliance on coal.
Projection: With nearly $1 billion in the pipeline for the Branson area in tourism-related projects, tourism is headed into another record year.
Local developer plans renovations after investing $5 million in foreclosed property acquisitions.
How do you develop your company's core values? Mark Struckhoff and Michele Delcoure, both with Council of Churches discuss how they did it and the importance of why you should. Ask the Experts is a monthly series in cooperation with Springfield Business Journal. This is sponsored content.
As employees are more mobile and have a desire to work from home, Haden Long owner of Ellecor, explains office spaces are trending towards a more home-like feel. Things like shared work spaces, office pets, and cozy furnishings allow employees to be selective about where they work and become more effective as a result.
Every industry has to navigate trend shifts, but Scott Shotts of Missouri Spirits describes the changes in beverage industry as anarchy. Tried-and-true spirits rules are being ignored. Learn how the local distillery balances following the trends for product development with taking risks.
Kevin Wyas, founder of ECRI, started his first business at the age of 19, ran the business for 16 years before selling it. He recognizes the benefits of starting a business so young when he had relatively little to lose. "The stress and the uncertainty of this would be crippling," he says for somebody accustomed to a regular paycheck.
ighty percent of questions are common across industries, so you don't need industry-specific experience to do effective market research according to Debra Kassarjian, independent consultant and owner of DKInsights. As a matter of fact, she thinks there is a great deal to be gained from exchanging ideas outside of your industry.
Danny Collins, 37 North founder and guide, says the biggest leap they took in the first year was to purchase a vehicle. That major financial investment, however, allowed them to provide their outdoor guide services at a price point they felt was more appropriate.
Springfield Diner owner Ömer Önder sits down with a restaurant consultant who starts challenging the menu offerings."No bashful food." The blunt conversation is the launching off point to determine how the Mediterranean influence will affect the young restaurant's offerings in the future. Made to Order is an ongoing sbjLive documentary series in collaboration with Springfield Business Journal tracking the rebranding of a local restaurant.
Haden Long, owner of Ellecor, opened a retail home decor business five years ago in a traditional retail space. When the interior design side of the business took off, she decided to renovate a 100-year old bungalow to better show off product samples and installations.
Scott Shotts, partner with Missouri Spirits, says when they started in 2011 there were approximately 300 distilleries in the U.S. and now there are more than 3,000 so competition has grown significantly. Diversification of their business model has helped them succeed.
Matthew Blystone of Theta Float Spa had the financial means to start the unique business, but used crowdsourcing for pre-orders to determine market interest in addition to gathering a nice cash reserve before opening.