No one can predict the future, but ITR Economics Senior Analyst Alex Chausovsky can get pretty close when it comes to the U.S. economy.
The economy overall has been performing well this year, and that is expected to continue for the first half of 2018, Chausovsky told IFDA members on a Nov. 29 webinar. After that, there are signs of a slow-down.
He advised foodservice distribution executives to look closely at the performance of various economic indicators in context, and apply a similar lens to identify meaningful trends in their own business. Understanding how these indicators affect the foodservice distribution marketplace in the short term and the long term can help distributors create informed strategies for workforce, expansion, and capital investment during different business cycles.
Chausovsky covered details on the performance of and outlook for:
Impact of U.S. industrial production on economic growth
Personal disposable income growth in relation to debt levels and loan delinquency
How global economic trends affect the U.S. economy
Behavior of food production, food prices, and foodservice sales
Retail sales, including B2B e-commerce
Actionable takeaways for business planning in 2018 and beyond
ITR Economics has a well-documented history of accurate economic forecasting and produces quarterly economic reports
for IFDA. The reports are available for free to IFDA members, who may also access a recording of the economic outlook webinar
as a member benefit.