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2014 Industry Outlook

Challenges, trends and strategies that may shape your business in the coming year

Rapid change rules the business landscape. But for organizations that are willing to take on challenges and leverage disruptive trends, the outlook for 2014 is positive. Find your industry below for guidance from some of Deloitte’s most experienced and innovative minds.

Deloitte’s practice leaders weigh in

  • Aerospace and defense
    Shifting defense spending and opportunities in new markets may require life cycle cost reduction and business model transformation, according to Tom Captain, vice chairman and U.S. Aerospace & Defense leader for Deloitte LLP.
  • Consumer products
    With consumers increasingly embracing technology to shop, digital commerce has the potential to transform the industry, according to Pat Conroy, vice chairman and U.S. Consumer Products leader, Deloitte LLP.
  • Federal government
    Forward-thinking leaders are re-examining how their resources are managed and deployed, and they are embracing — or expanding — exciting innovations such as mobile, social media, crowd-sourcing, geospatial visualization and gamification.
  • Health care providers
    Mitch Morris, M.D., vice chairman and U.S. Health Care Provider leader, Deloitte Consulting LLP, weighs in on cost management strategies and innovations such as data analytics and new physician incentive models.
  • Health plans
    Bill Copeland, U.S. Health Plans leader and vice chairman of Deloitte LLP’s U.S. Life Sciences & Health Care practice, shares his perspective on disruptive trends to watch as plans respond to consumers’ increased purchasing power.
  • Life sciences
    2014 is anticipated to be a positive year for U.S. life sciences companies as they continue to obtain greater clarity on ACA implementation and its impacts, according to Deloitte LLP’s Terry Hisey, vice chairman and U.S. Life Sciences sector leader.
  • Media and entertainment
    Consumer demand for ubiquitous content access and evolution of new economic models, as well as shifts in how people consume media, are among the trends to watch in the coming year.
  • Oil and gas
    A new chapter in the energy renaissance is starting to emerge – one focused on the effective execution of capital projects. As the size and complexity of capital projects grows, the ability to execute becomes a critical competency for many companies.
  • Power and utilities
    As the industry heads into a period of transformation, power, gas and water companies are poised to benefit from a wave of technological advancements that can positively affect results across the value chain.
  • Retail
    Alison Kenney Paul, vice chairman and U.S. Retail and Distribution leader, Deloitte LLP, shares her thoughts on the trends and challenges facing the retail industry in 2014, as well as steps companies can take to grow.
  • State government
    States have shown their ability to overcome seemingly insurmountable challenges. They have operated under extreme financial strain and managed to balance their budgets. They have developed creative strategies to bring more economic development opportunities to their states. Innovation is not new to government, but it is also something that needs to constantly be fostered.
  • Technology
    Mixed global demand, an emerging class of patent pirates and new avenues to raise capital are among trends to watch, according to Eric Openshaw, vice chairman and U.S. Technology, Media & Telecommunications leader, Deloitte LLP.
  • Telecommunications
    Continued, robust growth in connectivity demand, persistent security challenges, and continuing innovation in devices and services are among the trends facing the telecommunications industry in the coming year.
  • Travel, hospitality and leisure
    Adam Weissenberg, vice chairman and U.S. Travel, Hospitality and Leisure leader, Deloitte LLP, shares his perspective on the THL industry and some thoughts around managing and growing amid the transformative landscape.

Industry reports

  • Aerospace and defense
    Explore the global outlook.
  • Banking
    View the infographic and read the report.
  • Capital markets
    Repositioning for growth.
  • Commercial real estate
    Business transformation is key.
  • Financial services
    Download sector outlooks and watch our video.
  • Investment management
    Championing growth.
  • Life insurance and annuity
    Getting back on track.
  • Life sciences
    Read the global report.
  • Property and casualty insurance
    Innovation leading the way.

Related content

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  • The 2014 Essential Tax and Wealth Planning Guide
    A year-round resource to focus on managing uncertainty.

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