Identifying opportunities in Economic & Regulatory trends


Economic trends 1
Climate Change Is Causing More Natural Disasters 
  • https://www.thebalance.com/top-usa-future-economic-trends-3305666 
  • The climate change due to global warming is being more apparent and therefore people are becoming more aware of it. 
  • The customers for this opportunity would be people who are interested in our environment and committed to preserving our environment. 
  • This opportunity is easy to exploit because people's environmental awareness is already high 
  • why: I have a lot of friend and people in geneal around me that would pay extra for eco-friendly products and aware of our environment. I thought that this would be a great opportunity for eco-friendly products. 
Economic Trends 2 
Baby Boomers aren't retiring 

  • https://www.thebalance.com/top-usa-future-economic-trends-3305666 
  • Baby boomers are not retiring which means that there are needs for job opportunities. Also, people, our generation have different skill sets that the baby boomer might not have 
  • People of our generation would be the targeted consumers
  • The opportunity is easy to exploit because it is apparent that baby boomers are not retiring. 
    • Why: talking to my parents and elders that I know, it is obvious that we hold different values and different skill sets.   
    Regulatory changes 1 
    Sales Tax 
    • https://www.businessnewsdaily.com/7671-regulatory-issues-changes.html 
    • South Dakota declared no sales tax for e-commerce. This opens a big door for online transactions. 
    • The targeted consumers would be people with computer skills 
    • This opportunity is easy to exploit because e-commerce is becoming a part of our lives more and more 
    • Why: Even my parents are starting to prefer online shopping more than actually visiting a store. This is evidence that there is a huge opportunity in this regulatory change. 
    Regulatory Changes 2 
    • https://www.businessnewsdaily.com/7671-regulatory-issues-changes.html  
    • Trade with countries out side the US has become harder due to the change of tariff policy 
    • the targeted consumer would be every US residents 
    • This opportunity is easy to exploit because it affects everyone in the world. 
    • why: Since importing goods from outside of US is harder now, products made in the US is going to have more demand 

    Comments

    1. Hi Jeff,
      You made your summaries brief and to the point. Which was very helpful but it would probably be better if you elaborated a little more next time. One thing that caught my attention was that people are starting to be more aware of global warming, it was about time. I wasn't aware of the baby boomers not retiring, it's always good to learn something new.

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