May 2023 | By David Quinn, Infinite Electronics Chief Revenue Officer
At Infinite Electronics, we’re constantly monitoring the market to ensure our business is moving forward and adjusting as needed to continue meeting the urgent needs of our customers. With a possible recession looming, I recently had the opportunity to speak with the Orange County Business Journal (OCBJ) about the outlook for 2023 – in the OC and beyond. Check-out highlights from our conversation below.
OCBJ: How do you see the OC economy progressing in 2023?
David: I’m optimistic that the OC is in a strong position to weather many of the economic headwinds the nation is facing, such as inflation and high interest rates and a general economic slowdown. We’ve recently seen job growth across core industries, increased labor productivity and new economic development and construction – all of which give me reason to believe that the strength of the local economy will largely shield us from the uncertain global fluctuations.
OCBJ: What plans for expansion and hiring is Infinite looking at now?
David: Infinite Electronics is a growth-minded company – and that growth is both local and global. Locally, we are constantly looking to attract and retain the best talent in Irvine to support our operations at headquarters. As a portfolio company with more than a dozen brands under our umbrella, we’re also hiring for numerous positions across a range of markets and geographic locations, and will continue to do so [in 2023]. Globally, we will expand our footprint in Europe and welcome more than 600 employees with the acquisition of Cable Connectivity Group in 2023.
OCBJ: What are three major concerns for Infinite?
David: Managing the effects of rising economic uncertainty is surely a top concern as we head into a new year, but as a leadership team we are confident in our team’s ability to face whatever lies ahead. We also continue to help our customers navigate supply chain issues they may be facing. We’re also focused on developing and growing our workforce as we continue to pursue growth opportunities as a business.
For the full story, visit ocbj.com/finance/2023-presents-challenges-rewards-for-local-firms.
