Deploying Funds for Increased Action

We’re off and running in the 2023 fiscal year (FY 2023)

All trends are pointing toward an upturn in both orders and sales in the coming months. So, as we prepare to move forward into FY 2023, let’s review the happenings of FY 2022 and how they’ll shape our plan of attack.

Looking Back to 2022

No doubt, 2022 was a year of anomaly. The first 6 months of the year suggested one of the slowest starts in decades, and the rest of the year was heavily dependent on the ebb and flow of the world’s events. Orders began to rise significantly in August and September and historically this trend would continue to rise throughout October, but this year’s numbers declined slightly as a result of timing.

Overall, customers had money, were definitely ready to bolster their storage capabilities, but then…they didn’t.  All-in-all, the DOD budget performed at a low-level of execution – not from the standpoint of spending all their money, but how and when it was spent, and what it was spent on. Certain things that were priorities in the beginning of the year, changed or pivoted for the Department of Defense (DOD), much of which was a product of the following happenings:

Looking Ahead to 2023

While many of the items indicated in the FY 2022 recap above have a carry-over affect into the new year, there are a lot of things to be positive about in 2023. Let’s take a look at a few of them:

• Military spending is cyclical With a down year in 2022, we should see growth year over year High potential that the DOD appropriations number will increase over FY 2022, as well as over the FY 2023 budget request
• Capitalizing on the new SIG SAUER weapon being issued to select Army customers
• Doubling down on replicating top efforts from 2022 with similar units across the board in 2023

Storage Focuses In FY 2023

While we believe the results of the midterm elections will either get us closer to a continuing resolution date or push it further down the road, there are several storage needs we can help you within this fiscal year including:

Optimizing The Space You Have

Spacesaver’s military storage solutions save time and make the most of your space. That means additional space for essential items, less time searching for stored items, and more time for training to increase readiness. Reach out to our team for more information on how to improve efficiency in every location on base.