BUSINESS
ABC LUNCHEON BUILDS COMMUNITY AND FORECASTS THE FUTURE ECONOMY BUILDERS’ LUNCHEON LOEWS PORTOFINO BAY AT UNIVERSAL ORLANDO RESORT | AUGUST 22, 2023
ABC and the Programs Committee recently hosted a luncheon at the Loews Portofino Bay at Universal Orlando Resort for members with speaker Diane O’Dell with the Universal Orlando Foundation and Sean Snaith, Ph.D, director of the University of Central Florida’s Institute for Economic Forecasting and a nationally recognized economist in the field of business and economic forecasting. Members had a chance to meet Universal guests and learn more about the foundation whose motto is “Culture Builds Community.” The Universal Orlando Foundation is committed to making a difference in Central Florida through the power of education and the magic of the arts. They are dedicated to supporting local organizations that strive to make our community a better place to live. The foundation recently completed a significant supply drive for all the students headed back to school. Sean Snaith kicked off his presentation by asking members “How did we get there?” Moving through issues beginning in 2020 and the COVID years to cover problems we’ve faced such as inflation, supply chain failures, labor market shortages, high oil/gas prices, Snaith showed how all of these were self-inflicted and rooted in pandemic policies. Repercussions of the set of problems we created are still being played out, and the next question asked is always “Whose fault, is it?”
Most of us have seen an “I did that!” sticker picturing President Joe Biden pointing at the price of gasoline on fuel pumps in gas stations around the United States as a way to claim that he increased the gas prices. The problem stemmed from closing businesses and schools, resulting in a collapse of the demand for oil. Once the country reopened in full force, the demand explosion created a demand that couldn’t be met, and prices skyrocketed.
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BUILDING Central Florida 2023 - OCTOBER
