In the last two years, the GovCon marketplace has faced challenges like supply chain disruptions, talent shortages (often referred to as the “Great Resignation”), inflation and the threat of potential recession. On top of that, competition and consolidation in the industry has been increasing, and today, companies are looking for ways to transform hurdles into opportunities.
Dan Corbett, CEO of Valiant Integrated Services, shared his thoughts on the path forward through these obstacles in a recent video interview with Executive Mosaic.
“The supply chain challenges that we see in the GovCon industry, we think we can address with our in-house capability,” he said in conversation with Executive Mosaic’s Summer Myatt. “We see this as a true opportunity for Valiant — it’s a core service that we offer.”
On the inflation and talent shortage fronts, Corbett said Valiant is doing everything it can to keep costs down for customers, and the company is focusing heavily on hiring former military personnel to bolster its workforce.
Despite a notable slowdown in the last three to six months — driven by inflation, potential recession and other market conditions — Corbett said he does anticipate consolidation to increase and competition to heat up in the market going forward, albeit at a much slower rate than we’ve previously seen.
This trend, Corbett revealed, is opening up new possibilities for companies to harness. “Within the consolidation of some of these ‘mega services’ firms, we’re seeing portfolio shaping in which they’re looking to shed some of the assets they’ve purchased, so we see that as an opportunity,” he explained.
Watch Dan Corbett’s full video interview here, and be sure to subscribe to Executive Mosaic’s YouTube channel to stay up to date on the latest insights from GovCon’s leaders.