In This Economy?! Experts Weigh In On 2023

It has been tough to get a handle on what comes next for the economy overall and how that applies to the food & beverage industry. Come and see presentations from two top-notch prognosticators and speakers regarding what they each see playing out this year, and how you and your business can prepare for it. 

Join us for these insightful presentations, and stay for some stimulating discussion and networking.        

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BMO Economist Michael Gregory will present “Economic Outlook: From Here to Price Stability.” Inflation looks like it has already peaked, and Fed policy rates look like they could do the same soon. However, how long Fed rates stay elevated will depend on how readily inflation recedes. And, food price hikes are proving to be quite stubborn, continuing to reel from supply chain disruptions, labor shortages and climate change. Currently, most key economic indicators are pointing to recession which will prod further disinflation, apart from those tied to the still-tight labor market. How long before it too slackens, which is required to ultimately restore price stability?

Michael Gregory, CFA

Deputy Chief Economist & Head of U.S. Economics | Managing Director, BMO

Michael is part of the team responsible for forecasting and analyzing the North American economy and financial markets. He has spent his career working in either economics or financial markets research for firms on both sides of the Canada-U.S. border. 

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Technomic expert David Henkes’ presentation will reveal authoritative industry sales data and overarching trends that span the globe and are fueling industry growth. He will also share fact-based insight about the factors driving success among industry leaders and the latest consumer research spanning the globe. Learn about the macro forces shaping future food and beverage usage and what is driving global consumers to restaurants and what they expect from the experience in 2023. 

David Henkes, Senior Principal, Technomic

Since joining the firm in 1996, David has managed a wide variety of proprietary and multi-client engagements, both domestic and global. As a senior member of the firm, his specific responsibilities include client development, engagement oversight, and industry relations. His range of experience is wide and includes market and strategic planning, customer satisfaction benchmarking, opportunity analyses, acquisition due diligence evaluations, new product evaluation and concept testing, usage/attitude analyses, and distribution systems analyses. He also oversees the firm's Beverage Practice. 

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MODERATOR: Alan Reed, Executive Director, Chicagoland Food & Beverage Network

This event is brought to you in partnership with: