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Kelly and Patrick describe how current macroeconomic trends are affecting the market for outdoor products. As we enter 2023 the US economy is seeing low unemployment, high inflation, and a potential recession on the horizon. How will this mix of economic indicators affect the ability of our respective industries to bring products to market and successfully compete? How are consumers reacting to these macroeconomic trends?
By People for Bikes and the Outdoor Industry AssociationKelly and Patrick describe how current macroeconomic trends are affecting the market for outdoor products. As we enter 2023 the US economy is seeing low unemployment, high inflation, and a potential recession on the horizon. How will this mix of economic indicators affect the ability of our respective industries to bring products to market and successfully compete? How are consumers reacting to these macroeconomic trends?