GE CEO expects difficulties in 2023

In the next year, General Electric Co is likely to experience difficulties associated with a less stable operating environment, as stated by the company's Chief Executive Officer Larry Culp, who nonetheless believes his company is capable of coping with this challenging environment.

In his interview with the Reuters news agency, Culp said that the company has a pretty good idea of ​​its potential to control what can be controlled. However, he also expressed his concerns that the situation in 2023 will be more difficult than in the current one.

Factors such as the development of the aerospace industry after a notable recovery in air transportation, along with a global intention to reduce carbon dioxide emissions, as well as an increasing demand for better healthcare, can act as a kind of help in solving the company's operational problems, Culp said.

Culp added that despite the easing of pressure in the supply chain, it is still the cause of GE's damage. In order to mitigate the existing problem, General Electric Co retains surplus stocks, and also orders some parts and raw materials well in advance, he also noted.