2019 middle market business outlook: Updates by industry
Key industry trends worth watching
INSIGHT ARTICLE |
Next year promises to bring important technology improvements to a range of industry sectors. Artificial intelligence and machine learning are becoming important themes against the backdrop of record low unemployment, rising wages and challenges finding qualified workers. Meanwhile, rising prices on commodities such as steel and timber are forcing middle market companies to explore myriad ways to keep their costs in line as margin pressures increase.
From the use of blockchain to bring transparency to the consumer products supply chain to experiments with wearable technology that measures heart rate and other key vitals for health care providers, our industry analysts give you a preview of important industry trends worth watching.
2019 middle market business outlooks
Great opportunities to leverage technology through artificial intelligence and machine learning exist within the health care industry.
Medicaid expansion in 2019 could positively affect health care providers in states with the expanded government benefit.
Life sciences companies must address the growing trove of data as they seek to bring personalized therapies, drugs and devices to market.
As economic momentum carries over into 2019, the driving forces in the retail sector include consumer spending, tariffs and labor.
Fashion and home furnishings sector faces strong consumer confidence amid threat of trade regulations and tight labor market.
For food and beverage businesses, margin pressures remain critical in 2019 due to increases in transportation expenses, wages and tariffs.
For restaurants in 2019, competition will continue to grow from C-stores and grocery, which have increased their focus on prepared meals.
For the financial services industry, rising interest rates call into question how investors will deploy capital in 2019.
The tight labor market and increasing wages will continue to put a strain on middle market manufacturing profitability in 2019.
For 2019, real estate market fundamentals will be strong; however, demographics and policy will continue to influence and drive investment.
Some middle market technology companies may need to absorb margin pressure by adjusting their pricing structure or shifting supply chains.