In 2023, the business landscape is proving to be highly challenging across many different sectors of industry. The ongoing war between Russia and Ukraine is pushing up energy prices in many parts of the world and leading to a dramatic increase in the cost of everyday staple products such as wheat, of which Ukraine was the sixth biggest exporter globally before the conflict started. Combined with rising levels of inflation across many global economies, these factors are making it increasingly difficult for many enterprises to operate at the same level of profitability which they did only a few years ago. However, some types of businesses are enjoying high levels of growth and generating significant streams of revenue to bolster local, regional, and even national economies. In this article, three types of businesses that are flourishing in 2023 will be discussed.
Both the developed and developing economies rely on shipping companies to deliver their goods to customers promptly and efficiently. From the road haulage networks to large–scale sea-based shipping firms, this industry is enjoying sustained growth as e–commerce rises and deliveries of bulk goods need to be made. In recent years there has been a rise in freelance models of shipping work, particularly in the road haulage trade. As a freelance shipping driver, workers can choose loads and delivery routes by logging on to shipping job boards. You can use these sites to secure shipping work on a freelance basis and find the right truckload for you. All that is required is to have access to or ownership of a suitable vehicle to undertake the work and a valid driving license for operating a larger vehicle. This type of work is attractive to a growing workforce as it offers flexibility in how a working week is planned. Jobs can be accepted to fit around personal schedules, which can allow shipping drivers to achieve their ideal work–life balance.
In 2023, there is a growing realization that the climate crisis is no longer theoretical and confined to scientific predictions.The world‘s population has already started to witness extreme weather patterns, such as the massive flooding in Bangladesh,which displaced around 500,000 people from their homes. Consumers are now far more likely to “vote with their wallets” and choose companies to trade with who have proven eco-friendly credentials. From firms that operate under a zero waste policy to companies that use renewable or recycled materials in the production of their goods, environmentally friendly companies have been shown to perform more strongly in a range of business sectors.
As a final key example, the digital entertainment industry has enjoyed explosive growth in recent years. In part, the covid-19 pandemic was a driver of the success as millions of people were forced to stay at home and needed online forms of entertainment to occupy themselves. Streaming services such as Netflix enjoyed an 85% increase in profits in 2021 when compared to the previous year, and this was largely attributed to the pandemic. Today, digital entertainment services such as movie streaming, online gaming, and music streaming services continue to perform exceptionally well.