6A - Identifying Trends in Economic and Regulatory Trends

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Opportunities Related to Regulatory Changes
Cigarette sales banned at NYC pharmacies started in January 2019
  • https://www.amny.com/news/nyc-cigarette-pharmacy-1.25067935
  • NYC banned pharmacies from selling cigarettes and already had banned selling e-cigarettes in 2017. I believe an opportunity exists for alternative products to people who smoke.
  • The prototypical customer are businesses who can come up with a product that could completely substitute tobacco products.
  • I think this opportunity could be relatively hard to exploit because it means creating a complete alternative to tobacco/nicotine that people who previously relied on it would want to use.
  • I think this opportunity exists because I know that this regulation could shift how many people smoke and how many people will want to change their methods.
State Plastic and Paper Bag Legislation
  • http://www.ncsl.org/research/environment-and-natural-resources/plastic-bag-legislation.aspx
  • Eight states banned single-use plastic bags, with five of them passing legislation this year. I believe an opportunity exists because products that were previously plastic will be banned. There is a need for substitute products.
  • The prototypical customer are business will to dive into the non-plastic market.
  • I think this is relatively easy to exploit because states are actively banning this (not just a change in customer desires) a need for change is apparent, and creating none plastic products are already in place. Innovation could grow but there is already products in place.
  • I saw this as an opportunity because I am already using non-plastic alternatives, and would love this trend to continue, so I am excited regulations are also being in placed.

Opportunities Related to Economic Changes
Fed Cuts Interest Rates by Another Quarter Point by Jeanna Smialek 
  • https://www.nytimes.com/2019/09/18/business/economy/fed-interest-rate-cut.html
  • Cut interest rates by 0.25%, the second cut since July. This promotes economic growth. Businesses are hiring and customers are buying, but there is a risk in the economy because of the trade war and Brexit. This creates an opportunity for more lending and borrowing. Increased borrowing with lower rates creates opportunities for more start-ups or innovative risks.
  • The prototypical customer is those wanting to start-up their company by taking out loans with smaller rates, or more innovative risks because the interest rate for loans is lower.
  • I think this opportunity is relatively easy to exploit because it is made known that interest rates lowers for everyone, and lower interest rates come with the goal of increasing economic growth, which comes from businesses and consumer ability to buy.
  • I have in mind to start up a business, and I study finance, so I know how important interest rates play in starting up a business and the risks with it.

Climate change to slow global economic growth, new study finds by Thomas Franck
  • https://www.cnbc.com/2019/08/20/climate-change-to-slow-global-economic-growth-new-study-finds.html
  • I believe an opportunity exists because the factual evidence of temperature changes that already affected crop growth in the US. Because of record breaking heat in July, forecasters have upped the average increase in global temperatures to 0.04 degrees celsius per year, 0.02 above the 2015 Paris agreement estimates. This means the U.S. is expected to see its GDP decrease by 10.5% by 2100. There is an opportunity in sustainable jobs and sustainable markets.
  • I think the prototypical customer is the government as they wouldn’t want to allow a specific factor decrease GDP. If encouragements are placed to maintain a more sustainable environment, large companies could want to invest in sustainable architecture and practices.
  • Relatively easy, as there are many companies already foraging for sustainable practices.
  • I have a major interest in sustainability so I am keen on finding changes that could affect our environment. I have wanted to be a sustainable architect, so seeing these problems makes it easy for me to see an opportunity where I could have worked in, or someone is working in already.

Comments

  1. Liv WardSeptember 22, 2019 at 2:47 PM

    Hey Giovanna!
    Your first opportunity related to finding a smoking alternative is super applicable in that there is a huge market right now for people, especially in the younger generations, to quit smoking and eventually quit their nicotine addiction all together. I agree that it would be difficult to exploit because of the problem of finding something as convenient as smoking but I think it could be super useful if executed successfully.

    ReplyDelete

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