#1 - Currency Wars
Where did I find it? https://www.thebalance.com/what-is-a-currency-war-3306262
Why might this opportunity exist? The United States has slowly declined in economic power, which I think has led us into more intense currency wars. For example, the recent tariffs that have been exchanged between the U.S. and China make this an opportunity to protect people agonists higher import prices.
Prototypical customer? Customers of goods that may face import tariffs.
Easy or difficult to exploit? I think this opportunity is fairly easy to exploit, and I hear about it quite a bit.
Why do I see the opportunity? In regards to the tariffs on imports from china, I see this as an opportunity because many people throughout the U.S. rely on goods from china and the prices they're sold out to live. Increased prices due to the added tariffs could make goods unaffordable for some.
#2 - Retirement Crisis
Where did I find it? retirement-crisis-stats-causes-effect-3306215
Why might this opportunity exist? Retirement is a much more complicated thing now-a-days. With a decline from 62% to 17% in companies that offer a pension plan amongst one of the reasons, retirement isn't as easy for today's generations. This is also the first time we've been dealing with a life expectancy as high as it is, so we're entering some uncharted territories over this topic.
Prototypical customer? Baby Boomers and potentially future generations.
Easy or difficult to exploit? This opportunity is very easy to exploit and I think it will only become easier to exploit as more and more baby boomers have complications with retirement.
Why do I see the opportunity? Baby Boomers have less tools to help them retire and a longer period of retirement time to prepare for. A poor retirement plan today has much greater negative effects than it used to.
Regulatory Trends:
#1 - Banking (cybersecurity and privacy)
Where did I find it? https://www2.deloitte.com/us/en/pages/regulatory/articles/banking-regulatory-outlook.html
Why might this opportunity exist? Cybersecurity and privacy has arose as a major issue over the last year with major data spills from companies likes Facebook. A regulatory trend of increased security and privacy over banking will help protect customers from losing more than just their Facebook password.
Prototypical customer? Banking customers (16 years old +)
Easy or difficult to exploit? I want to say this would be fairly easy to exploit, but I think it's still hard to get people to care about their online privacy, which could make this harder than I think.
Why do I see the opportunity? I've recently had my identify stolen and bank account cleaned out with fraudulent purchases, luckily, I am a broke college student so it wasn't the end of the world, but having more cyber-security in place could prevent accidents like this from happening in the future.
#2 - Sustainability
Where did I find it? https://www.worldbank.org/en/topic/energy/publication/rise-2018
Why might this opportunity exist? Enviromental issues are undoubtedly in the forefront of the global concern. With plastic straws starting to get weeded out, there is a problem for those in the plastic industry. Although this could create issues for some, this could also create opportunities for others.
Prototypical customer? Investors and buyers of unsustainable products.
Easy or difficult to exploit? This one might be a little difficult to exploit as the money of the investors might not be in the mind of those trying to protect the planet.
Why do I see the opportunity? I see this as an opportunity, because it's easy to say you want to save the environment and do better things for the planet, but all things come at a price, so I think this is something worth spending time looking into.
Hey Caelan,
ReplyDeleteNow that you have sought out local opportunities, it was cool in this blog that we were able to research and check trends from a more national standpoint whether it be regulatory trends or economic trends. Your blog was very informative and interesting a multitude of ways. The most interesting trend that I found in your blog was regarding the retirement crisis that is taking place today. I didn't realize how complicated retirement is now a days compared to how it used to be. Overall, these trends do exist and affect many people. Good job with your findings.