Date: March 17, 2023
Why AV is recession proof. What is a huddle room? And why customisation is the future…In this month’s blog we take a look at what is happening in the industry, what’s hot, what’s not and what you need to keep your eye on over the coming year.
I think we can all agree that we are in challenging economic times, and with Goldman Sachs revising their original prediction of a 0.4% shrink in the economy to a whopping 1%, the consensus seems to be that recession is inevitable. Many industries are already facing the squeeze, but not, it seems, the AV industry. The consensus appears to be that audio-visual technology has become such an important part of businesses’ day-to-day operations that AV is unlikely to face a decline.
In fact, as an industry, we are starting to see the first signs of improvement in terms of the supply chain issues that have plagued us post-pandemic and prices are starting to stabilise. For our clients, this means they can expect even more innovative products coming on to the market at more affordable prices.
WFO = Continued Investment in Commercial Spaces
Ironically, although the trend for ‘Working From Home’ is still on the rise, this has actually encouraged investment in corporate spaces. With video meeting rooms, the hot new trend for ‘Huddle Rooms’ and corresponding technology all benefiting from this change in the way we do business.
In terms of hospitality and leisure, customisation is king, and we are heavily involved both from a lighting control and AV perspective in creating unique settings, with the perfect vibe for our ever growing portfolio of leading hospitality clients.
Whether AV input is needed in business, in a leisure environment or even in a domestic setting, creating customised audio-visual experiences help to power genuine creativity and engagement.
By working closely with our clients on full, end-to-end solutions utilising industry leading technologies, we are creating integrated AV environments that are super-engaging, more on brand and more connected than ever before.