Global leaders fixate on warfare and economic stability

climate change. The COVID-19 Pandemic. food insecurity. And of course Russia’s invasion of Ukraine.

All have taken a toll on the world economy and created far-reaching repercussions for the defense industry and its workforce.

How to cope with this volatile economy is a key issue for participants in this year’s Outlook project.

This edition, which includes forecasts for 2023 from representatives around the world, differs from our previous approach. You’ll still hear from government and military leaders, industry leaders, and analysts, but the essays are now accompanied by one-on-one interviews, forward-looking articles, and infographics.

The authors are concerned about a range of issues – from inflation to defense budgets to supply chain security – and discuss how to solve these problems.

Yuriy Sak, an adviser to Ukraine’s defense minister, spoke about the future of the war-torn country’s defense industry after the end of the Russian invasion.

Meanwhile, Poland’s defense minister is determined to surpass NATO’s target – that each member of the alliance spends at least 2% of its gross domestic product on defense – to give the country a chance to modernize its armed forces.

Poland’s recent spending spree has included deals in South Korean systems (FA-50 fighter jets, K2 Black Panther tanks, K9 Thunder howitzers, K10 supply vehicles and K239 Chunmoo multiple rocket launchers), and the European nation has a set of MQ-9A Reaper leased drones from the American company General Atomics.

For Carlos Del Toro, the US Navy’s top civilian, business and national security go hand in hand. This, he said, will come in the form of supporting allies and partners abroad, preventing China from entering exclusive economic zones, and addressing quality of life issues for military personnel amid rising inflation.

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And on the subject of sustainability, Amentum CEO John Heller warned of a “perfect storm” that the world could still fend off by investing in energy efficiency.

Our coverage in this issue of Outlook addresses every area of ​​warfare: The US Air Force is getting a new bomber, and that means changes are being made to the service’s existing fleet. The US Army is moving into another phase as it seeks to replace the Bradley infantry fighting vehicle. The US Navy’s secret Project Overmatch is intended to be deployed at sea. Also, America’s dominance in space was not an easy task, as seen from the perspective of the Space Development Agency; and there is still more to do.

Meanwhile, artificial intelligence and quantum computing are among NATO’s top procurement priorities for the new year.

So what to expect in 2023?

If last month’s G20 summit — a gathering of some of the world’s largest economies — is any indication, you can expect more clean energy transitions, coronavirus recovery efforts and updates to agricultural trade rules.

And consider the summit’s closing statement, which read: “Most members strongly condemned Russia’s invasion of Ukraine.”

This ongoing disagreement over a war – one that has sparked sanctions, higher food prices and a surge in arms production – is likely to further roil the global economy in the coming year.

Chris Martin is the Editor-in-Chief of Defense News. His interests include Sino-American affairs, cybersecurity, foreign policy, and his Yorkie, Willow.

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