Headwinds & Opportunities
Economic Trends and Predictions for West Coast Businesses in 2022
A True Partnership
Umpqua Bank knows that it’s tough to plan for the future, especially with so much change afoot. As a true business partner, we wanted to gather the insight you need to approach tomorrow’s challenges and opportunities with confidence.
We worked with economic experts to get their take on key economic trends and predictions for the year ahead. We also tapped the expertise of Umpqua leaders, who work hand-in-hand with thousands of businesses across all industries, to get their insight and perspective on how small and mid-sized businesses in the West can use this information to better position themselves.
It’s been a period of great tumult. The pandemic wears on, inflation is growing, and supply chain and labor woes remain major issues for many companies. But businesses don’t have to just survive in 2022, there are opportunities to thrive. Our economic and banking experts provide thoughtful analysis and tips on those issues and more below, such as how the direction of the economy or consumer spending impacts your business plans. Or what changes in workplace automation or commercial real estate could be used to your advantage. Even why now is the perfect time to step up your cybersecurity efforts.
Explore the four key areas of insight below to access our full 2022 trends and predictions for businesses.
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About the Report
For Headwinds & Opportunities, we gleaned insight from leading West Coast economic and policy experts at ECONorthwest, economic futurist Bill Conerly, as well as from our own bank leaders.
ECONorthwest is an independent consulting firm that provides economic analysis for clients needing to make policy and investment decisions. Its staff includes seasoned economists, analysts, and policy experts.
Conerly is a business-focused economist who specializes in connecting the dots between the economy and business decisions. He has worked for more than 30 years helping companies adapt to changing economic conditions. Conerly has written two books on business economics and regularly contributes to Forbes. He holds a Ph.D. in economics from Duke University and runs Conerly Consulting.
Connect with an Umpqua banker to learn how we can help position your business for the future
Umpqua Bank works closely with its clients to truly understand their businesses and provide the best financial solutions for their needs. We have the market and financial expertise to help you prepare for whatever the future holds. If you’d like to talk with one of our bankers, fill out the form.